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This gives far too too much credit to AGI. 1 # The biggest losers with AGI is going to be corporations, corporations and capitalism rests on a very simple ide

This gives far too too much credit to AGI. 1 # The biggest losers with AGI is going to be corporations, corporations and capitalism rests on a very simple idea - private property. Humans are employed to create stuff that can be patented or owned and essentially converted into crystallized wealth ( house, factory, software ) However the interesting thing about software - ( something that paul graham pointed out ) - is its almost no-cost to copy it. Its the great equalizer - what would take a factory and a lot of workers to build - will just take a piece of software to create. So software (a.k.a maths), the ultimate product of efficiency and capitalism is what is going to make capitalism not work. 2 # The reason for so much unemployment is due to bad policies by govt. lack of growth in developed countries ( money moves from there to developing countries - if a dollar buys me more goods in china of'course my dollar is going to go to china ). Trade deals that do not take into account factors such as those. 3 # I think there is a strong incentive of 'not dying' in all of us. If you pushed people far enuf they would innovate. You can build a robot from sticks and stones if the alternative is to starve.

Retra 10y ago
The king divides his land up amongst his lords and promises them that they might become kings themselves if they produce enough wealth and capture enough lands for the crown. Then the lords take that land and make the same promise to the serfs: if you farm it well enough and produce enough strong warrior children, maybe you'll end up as a favorite of your lord. This is feudalism, and it's not hard to see how the steady-state result of this system is everyone running to endless war, as there is ruthless competition at every level of the hierarchy. This is also how most corporations are run, and the promises of glory and wealth are largely as empty now as they were when feudalism was common. Unemployment is not a problem. It is the goal. >However the interesting thing about software - ( something that paul graham pointed out ) - is its almost no-cost to copy it. Its the great equalizer - what would take a factory and a lot of workers to build - will just take a piece of software to create. My employment contract states that any patents I file are to be held by my employer, and that I may not participate in open-source software without their approval, and a good deal of other terms that protect me from economic freedom. Software hasn't equalized much in that regard. >I think there is a strong incentive of 'not dying' in all of us. If you pushed people far [enough] they would innovate. You can build a robot from sticks and stones if the alternative is to starve. They would die. You can't not die just because you want to. If the alternative is to starve, many many people will starve. It is callous to suggest otherwise.

Retra 10y ago

The king divides his land up amongst his lords and promises them that they might become kings themselves if they produce enough wealth and capture enough lands for the crown. Then the lords take that land and make the same promise to the serfs: if you farm it well enough and produce enough strong warrior children, maybe you'll end up as a favorite of your lord. This is feudalism, and it's not hard to see how the steady-state result of this system is everyone running to endless war, as there is ruthless competition at every level of the hierarchy. This is also how most corporations are run, and the promises of glory and wealth are largely as empty now as they were when feudalism was common. Unemployment is not a problem. It is the goal. >However the interesting thing about software - ( something that paul graham pointed out ) - is its almost no-cost to copy it. Its the great equalizer - what would take a factory and a lot of workers to build - will just take a piece of software to create. My employment contract states that any patents I file are to be held by my employer, and that I may not participate in open-source software without their approval, and a good deal of other terms that protect me from economic freedom. Software hasn't equalized much in that regard. >I think there is a strong incentive of 'not dying' in all of us. If you pushed people far [enough] they would innovate. You can build a robot from sticks and stones if the alternative is to starve. They would die. You can't not die just because you want to. If the alternative is to starve, many many people will starve. It is callous to suggest otherwise.