If the promises behind the current hype on AI are correct, this means the end of the middle classes, the end of any chance of social mobility. So, it is going t

If the promises behind the current hype on AI are correct, this means the end of the middle classes, the end of any chance of social mobility. So, it is going to accelerate things that were already in motion, but by a massive factor. And it is pretty ironic that a lot of the capital that went into this was the result of massive monetary expansion that led initially to massive asset inflation and later to garden variety inflation. The thing with inflation is that is never distributively neutral, it is always a wealth transfer engine. Richer people in a inflationary expansion are able to capture a lot of the early money, and so the capital holding class are able to do things like dabbling first on self-driving cars, and now on massive LL Models. So, basically, we are transfering income and wealth from the poor to enable the rich to get rid of their need of buying labor from the poor. How this doesn't end in a dystopian dictatorship beyond any of the worst nightmares of people like Orwell, or else in a Frank Hebert's "Butlerian Jihad" is something that I am at a loss of imagination to see.