Since Capitalism, and the more general fundamental concept of the Monetary System that the entire world employs, relies on the supply and demand model, how do you address technological advances that eliminate scarcity and provide surplus supply with limited and in some cases zero manpower required for daily operations? Especially since the current system was developed several hundred years ago in an Agrarian society where human toil and hand tools were the primary source for all work done for all purposes, so purchasing power was directly related to human labor, and justifiably so...back then.
For example: We have the technical capability to build solar powered, fully automated robotic food production facilities that require no people to run. They can be outdoor or indoor facilities, so they can be built anywhere no matter the climate of the region. They can use soil or hydroponic technologies, with hydroponics being overall better in the grand scheme of things since that technology prevents soil depletion (like what happened to the soil of Haiti and why it's so prone landslides). They can, like cars do now, be programmed to notify a local technical staff when they require maintenance, so production would never cease, and they can be programmed to produce vast amounts of food (both plant and animal) 24/7/365 in all locations of the world.
Capitalistic self preservation requires that businesses prevent this kind of technological use, because of it was used in this most humane and amazing way, every man, woman and child on the planet would have access to vast amounts of food all produced on a local level so as to reduce needs for shipping internationally. The multi-billion dollar a year food industry would completely disappear, because in effect, all food would now be as free as the air we breathe. You cannot sell air because it's plentiful for all. The use of advanced technology can do the same for food, shelter, transportation and a lot more.
So how does one address the situation where we have the technical means to provide plenty for all, but the system under which we live requires that a false sense of scarcity be in place to ensure "price" remains at an acceptable level, even if that means people must starve? Just look at the Agricultural Adjustment Act of 1933, where during the Great Depression, even though we had surpluses of food throughout the country, the government purposefully destroyed food to ensure farmers maintained proper market prices, even though people were starving. What kind of crap is that?
I'm just using food as one example, but there are other industries where this is just as valid. I believe we are ignoring a fundamental truth, which is that throughout all of human history up until 1782 (tens of thousands of years of human history), humans could never produce more than they could consume. In most cases, they produced much less. But now, with advancing technology (thanks largely in part to the space and computer industry), we can readily produce more than we consume, which is in huge conflict with the supply/demand system of economics.
So Mr/Mrs Capitalist, what are your thoughts on this?