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I think the problem is that humans sell labour that is either physical or mental. Already lost physical work has been automated (see, eg agriculture). So we ret
by randomsearch 6y ago
I think the problem is that humans sell labour that is either physical or mental. Already lost physical work has been automated (see, eg agriculture). So we retreat into mental work, the knowledge economy. But what happens when we have decent AI that can perform most mental tasks?
It doesn’t feel like a continuation of what’s gone before, it feels like a step change. When the machine dominates man in all employable qualities, then it’s game over and capitalism breaks down for most people.
I wish I were wrong, but I can’t see a way out of that. Perhaps it’s good, ultimately, because people may no longer have to work in the future.
An optimistic view I guess is to work out how we transition to a new economic system that both continues to generate wealth and to share it. That sounds very much like a problem that must be solved centrally, which we are not good at, so perhaps therefore (based on historical patterns) we will have to await such an extreme level of capitalism that a revolution forces complete automation hand in hand with sharing wealth, ie coordination will only happen when all alternatives (corruption, brutal autocratic rule, state capitalism, etc) are proven unsustainable.