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In what world will the machines spit out enough good to lower the margins and profits of their owners? If there is not inflation, there is not profit growth, th
by quantified 5mo ago
In what world will the machines spit out enough good to lower the margins and profits of their owners? If there is not inflation, there is not profit growth, there is no longer a justification for equity value.
He's not going to spit out more cars for less money.
Food, housing, medicine, clothing will be unaffected by this machine stuff. No one's rent is going down. Food will not be cheaper unless it's Soylent gruel.
Service costs (power at Tesla chargers, internet bills whether Comcast or Starlink, TurboTax prep, Netflix subscription, Claude/Grok/ChatGPT, etc.) will all only rise because that's how the world works.
Instead, output of stuff will match the pace of people to afford it. Give everyone money, and prices will rise simply because better things will be rationed via higher prices, just as today. No different than accelerating inflation to the point where the poorest person gets $200k/year. Call that Utopia "Zimbabwe".