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Do you really believe this? What’s more likely is that whoever creates these machines will hoard access, create artificial scarcity, and sell their outputs in o
by ramphastidae 4y ago
Do you really believe this? What’s more likely is that whoever creates these machines will hoard access, create artificial scarcity, and sell their outputs in order to maximize profit.
- incomingpain 4y agoJames Bruton is doing it open source. Lets say James isn't successful and someone else builds the ironman robots that construct more and eventually ends all scarcity but hoards to become ultra wealthy. That ultra wealthy beyond trillionaire can't consume or spend that money. What it effectively would do it pull the money out of the economy. Deflation would be rampant and productive workers would be worth their weight in gold. Central banks would effectively have to print so much money to avoid deflation that everyone would become effectively rich. I dont see this as a problem in the future.