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> Some authors fear that technology will result in a radical concentration of wealth, the like of which we have never seen… while a few people will be super wea
by anf 10y ago
> Some authors fear that technology will result in a radical concentration of wealth, the like of which we have never seen… while a few people will be super wealthy, all of us will slowly starve. Except that fewer people than ever in history are starving!
Starving is how revolutions happen, so probably not literally starving. But poor people in the US are already wholly politically disenfranchised, and children of poor parents likely to be poor.
The two questions which are important to consider in the light of extreme automation: "how large and diverse is our oligarchy?" and "how much social and economic mobility is there between generations?".
We are well on the way to having a small oligarchy like Russia and mostly inherited wealth, at which point our society will simply cease to exist.