It was ever thus. In each technological revolution—from the Industrial Revolution to personal computing revolution—the promise is that the technology will make

It was ever thus. In each technological revolution—from the Industrial Revolution to personal computing revolution—the promise is that the technology will make work so efficient and productive that we can all work less. Unfortunately, it is always a deliberate lie by the people who stand to gain from the new technology. Anyone who has thought about it for five seconds knows that this is not how capitalism works. Productivity gains are almost immediately absorbed and become the new normal. Firms that operate at the old level of productivity get washed out. I simply can't believe that we're still falling for this. But let's hold out hope. Maybe AGI is just around the corner, and literally everyone in the world will spend our time sipping margaritas on the beach while we count our UBI. Certainly AI could never accelerate wealth concentration and inequality, right? RIGHT?