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I don't really agree with this... there is a parallel issue. If AIs are doing most of the work in megacorps (especially if robotics take off), then basically a
by brucethemoose2 4y ago
I don't really agree with this... there is a parallel issue.
If AIs are doing most of the work in megacorps (especially if robotics take off), then basically all profit is going to the owners and tiny groups of executive AI "managers."
Even the most staunch (but sane) capitalist libertarian will admit mega income inequality is baaad juju.
- notduncansmith 4y ago> Even the most staunch (but sane) capitalist libertarian will admit mega income inequality is baaad juju. True as this may be, one must also consider that “the market can remain irrational longer than you can remain solvent”
- HyperSane 4y agoAI really just amplifies the inherent flaw of capitalism in that wealth allows the wealthy to live on the labor of the workers.
- sdze 4y agoAnd who will consume the output of these robots? Surely not the unemployed workers they replaced.
- brucethemoose2 4y agoAs Duncan kinda pointed out, thats not a corporation's concern... especially those that are first to automate.
- vidarh 4y agoHence Marx prediction of capitalism eventually suffering from simultaneously crises of overproduction and underemployment. A prediction based only on two assumptions: that capitalism will continue to increase productivity and reduce costs, and that eventually the only cost that can still be cut will be labour. His third prediction is one we can hope is wrong: that society will stubbornly refuse to adapt until the issue is forced by uprisings.