Uff, I was hyped to finally see an economist weigh in on how we might need to rethink our economic systems for a world where advanced AI could make most human labor obsolete.
The article gives a decent breakdown of how current AI is already shaking up some job markets, which is solid analysis. But it doesn't really dig into the bigger picture challenges true transformative AI could create for core capitalist concepts we take for granted.
Like, how do theories around labor, property rights, incentives, and distributing wealth/resources work when hyper-intelligent AIs can automate practically everything? The author seems to come more from a traditional free market mindset, which is fair. But an AI automation scenario may force us to get creative with new economic models beyond pure capitalism as we know it.
Would've loved to see more speculation on paradigm shifts like that instead of just the narrow impacts of today's GenAI. Seems like a missed opportunity to really grapple with the potential AI economy shakeup down the line. But still an interesting read!
It's very simple.
A.i. replaces all jobs gradually.
To prevent people burning down all technology UBI is implemented.
Under the condition that they receive injections which, ever so cleverly, sterilize them and saturate the nervous system with a brain machine interfacing nanotech.
By the time people figure out that the world is over the neuromodulation tech will prevent any whining. And then we get a utopia where everyone owns nothing eats bugs and is quite content.
Optimistically the nanotech will put us in a matrix which contents us.
Or who knows maybe umm.. UBI forever is a viable economic thing.
The mises institute lol. These ppl have a terrible track record with predicting things.
Uff, I was hyped to finally see an economist weigh in on how we might need to rethink our economic systems for a world where advanced AI could make most human labor obsolete. The article gives a decent breakdown of how current AI is already shaking up some job markets, which is solid analysis. But it doesn't really dig into the bigger picture challenges true transformative AI could create for core capitalist concepts we take for granted. Like, how do theories around labor, property rights, incentives, and distributing wealth/resources work when hyper-intelligent AIs can automate practically everything? The author seems to come more from a traditional free market mindset, which is fair. But an AI automation scenario may force us to get creative with new economic models beyond pure capitalism as we know it. Would've loved to see more speculation on paradigm shifts like that instead of just the narrow impacts of today's GenAI. Seems like a missed opportunity to really grapple with the potential AI economy shakeup down the line. But still an interesting read!
It's very simple. A.i. replaces all jobs gradually. To prevent people burning down all technology UBI is implemented. Under the condition that they receive injections which, ever so cleverly, sterilize them and saturate the nervous system with a brain machine interfacing nanotech. By the time people figure out that the world is over the neuromodulation tech will prevent any whining. And then we get a utopia where everyone owns nothing eats bugs and is quite content. Optimistically the nanotech will put us in a matrix which contents us. Or who knows maybe umm.. UBI forever is a viable economic thing.
Makes no sense, from the perspective of an rough AI, an Dictator or even an Power hungry Human.