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>Economics is a pseudo-science typically used to launder political ideology This is one of the most ridiculous things I’ve heard on here. Perfect example of co

>Economics is a pseudo-science typically used to launder political ideology This is one of the most ridiculous things I’ve heard on here. Perfect example of conspiratorial thinking. Automation has always resulted in economic growth. This time will be no different.

const_cast 1y ago
Economics is inherently tied to politics, and economic theory is merely created to satisfy various political desires. Our economic understanding is inherently limited to just capitalism. That's all we know, and our theories are constrained within that environment. However, throughout human history there have been a plethora of economies that operated under different rules. > Automation has always resulted in economic growth This, while true, does not mean that further automation will result in economic growth. For example, under a capitalist economy, 100% automation results in the entire economy collapsing. Because the economy is predicated on consumerism, which requires employment. In order to produce things, you need people to buy them. Seems simple, but it's a huge problem with capitalism that we repeatedly bandaid. Obviously, we can't let people who can't work just rot in the street, because that's unpleasant. So we develop systems like disability, Medicaid, Social Security, education, etc to bolt-on top of capitalism to fill in the gaps. We are completely and utterly not prepared for extreme automation.
viccis 1y ago
There's nothing conspiratorial about it. Maybe you were thinking of a different word? But if economic growth is your only goal then there are plenty of reliable options, like another major war, that are even better for long term economic growth. Whatever it takes to make line go up. The worst part is that AI is absolutely not going to achieve any real "intelligence" or automate anything truly difficult. It's just going to nibble away at a bunch of formerly desirable careers.

const_cast 1y ago

Economics is inherently tied to politics, and economic theory is merely created to satisfy various political desires. Our economic understanding is inherently limited to just capitalism. That's all we know, and our theories are constrained within that environment. However, throughout human history there have been a plethora of economies that operated under different rules. > Automation has always resulted in economic growth This, while true, does not mean that further automation will result in economic growth. For example, under a capitalist economy, 100% automation results in the entire economy collapsing. Because the economy is predicated on consumerism, which requires employment. In order to produce things, you need people to buy them. Seems simple, but it's a huge problem with capitalism that we repeatedly bandaid. Obviously, we can't let people who can't work just rot in the street, because that's unpleasant. So we develop systems like disability, Medicaid, Social Security, education, etc to bolt-on top of capitalism to fill in the gaps. We are completely and utterly not prepared for extreme automation.

viccis 1y ago

There's nothing conspiratorial about it. Maybe you were thinking of a different word? But if economic growth is your only goal then there are plenty of reliable options, like another major war, that are even better for long term economic growth. Whatever it takes to make line go up. The worst part is that AI is absolutely not going to achieve any real "intelligence" or automate anything truly difficult. It's just going to nibble away at a bunch of formerly desirable careers.