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Good riddance! Better start working on it.. :-) Seriously, we have problems with distribution of capital already. There are two mainstream theories of value:
by asgard1024 12y ago
Good riddance! Better start working on it.. :-)
Seriously, we have problems with distribution of capital already. There are two mainstream theories of value:
First pretty much argues that value is subjective, so the distribution of capital, whatever it is, is never a problem. It's more of a cop-out than an attempt to describe the world.
The second is the (Marxist) labor theory of value, which argues that all the value comes from human work. However, it is unfortunately logically inconsistent.
In the reality probably lots of value already comes from machines (and biological systems), and we have lots of social conventions and pretending (calling it "meritocracy" etc.) around it concerning how to distribute this added value to humans. In reality I don't believe there are many people (maybe some homeless ones) in the western society who deserve their current living standard, for the labor they do.
I don't think that this sort of social construction is going to be eliminated by artificial intelligence. We will just see more of it, if anything.