The robot will properly buy futures contracts so that the borrower will be insulated from any food price fluctuations. If the numbers don't add up the lender will not make the loan. There will not be any "overproduction". The robots will instead recommend another line of business where the robots production will be profitable given the price of market futures for those products.
I have an American friend who lives in Argentina who works online. The cost of living is such that he can work two months and pay his living expenses for two years. Those horribly low prices in Argentina are totally killing him. Not!
So what you are saying is the disaster is there will be so much food that people won't be able to eat it all and the prices will crash? Imagine if everybody had unlimited amounts of everything they wanted! How would we support prices?
This kind of thinking reminds me of the great depression where they would destroy food to keep up prices even as people were starving.
BTW, The novella "Manna" by Marshall Brain is kind of a good take on the future with robots and everything, though I don't really like his "happy" future.
BTW, thanks for giving me a hard time on this. I am getting to the point where this is going to be a bit of a manifesto and you're helping me flesh things out.
I have an American friend who lives in Argentina who works online. The cost of living is such that he can work two months and pay his living expenses for two years. Those horribly low prices in Argentina are totally killing him. Not!
So what you are saying is the disaster is there will be so much food that people won't be able to eat it all and the prices will crash? Imagine if everybody had unlimited amounts of everything they wanted! How would we support prices?
This kind of thinking reminds me of the great depression where they would destroy food to keep up prices even as people were starving.
BTW, The novella "Manna" by Marshall Brain is kind of a good take on the future with robots and everything, though I don't really like his "happy" future.
BTW, thanks for giving me a hard time on this. I am getting to the point where this is going to be a bit of a manifesto and you're helping me flesh things out.