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Suppose we get to robots doing almost all the productive work, with humans living on basic income. Would markets still direct the work? I think so. http://e-dre
by abecedarius 10y ago
Suppose we get to robots doing almost all the productive work, with humans living on basic income. Would markets still direct the work? I think so. http://e-drexler.com/d/09/00/AgoricsPapers/agoricpapers.html http://e-drexler.com/d/09/00/AgoricsPapers/agoricpapers.html explores the idea of an economy of programs that needs to face the economic calculation problem just as much as an economy of people does. It's relatively little-known early work in the lineage of smart contracts and Bittorrent.
Perhaps your best bet to survive the robot apocalypse is to accumulate some savings so that you're one of the capitalists by the time competitive wages fall below the human subsistence level. Robin Hanson discusses this in http://ageofem.com/ http://ageofem.com/
- Kbelicius 10y agoYou are mixing capitalism with markets.
- abecedarius 10y agoI'd say there are different opinions about the meaning of the word 'capitalism', and I'm choosing to focus on one that affords an interesting answer to the question. It's compatible with anything from a socialism-for-humans (if we can somehow get to more rational politics) to anarchocapitalism to Yudkowsky's singleton superintelligence ruling the world; that question seems much more uncertain.