3 ms·
Food is worth a lot more than that. If the alternative was starvation, we would pay approximately all the money for food. By that metric food is worth more
by bryanlarsen 4mo ago
Food is worth a lot more than that. If the alternative was starvation, we would pay approximately all the money for food. By that metric food is worth more than $100T. The difference between $100T and $10T is called the consumer surplus, one of the largest benefits of a free market economy.
AI might eventually provide $26T worth of value, but if it captures anywhere close to that amount of revenue that'll indicate a failure of the free market economy. Competition and open source will have failed and the oligarchy has won.
(Either that, or inflation will have made $26T a relatively smaller number).