Completely correct. We are moving into a world where any person can have anything they want, only limited by capacity to produce it. People love information and digest great quantities of it. The marginal cost of information production is going to zero. This is only bad for people who spend their time shuffling bits. If you want to not suffer, go do things other than move bits around.
And what about when general purpose robots become practical? What will people do then?
I don't understand this view of "AI empowers workers more than capital" at all. To me it's the exact opposite. Workers hold political and economic power today because they are needed. When that is no longer true, those in power will have no incentive to listen to them. The political economy of unregulated AGI development feels incredibly bleak: https://borretti.me/article/when-the-future-doesnt-need-us
This.
Unprecedented concentration of assets in the hand of very few tech companies. These companies will control the access to the technology and the plebs are left out at the gates.
Only in how they are deployed, not in principle.
Completely correct. We are moving into a world where any person can have anything they want, only limited by capacity to produce it. People love information and digest great quantities of it. The marginal cost of information production is going to zero. This is only bad for people who spend their time shuffling bits. If you want to not suffer, go do things other than move bits around.
And what about when general purpose robots become practical? What will people do then?
I don't understand this view of "AI empowers workers more than capital" at all. To me it's the exact opposite. Workers hold political and economic power today because they are needed. When that is no longer true, those in power will have no incentive to listen to them. The political economy of unregulated AGI development feels incredibly bleak: https://borretti.me/article/when-the-future-doesnt-need-us
Go innovate. Or find things that robots cannot do. It’s turtles all the way down.
Ok! So you acknowledge the job displacement, and have no response to the effect of AI and robotics on the political economy of workers.
This. Unprecedented concentration of assets in the hand of very few tech companies. These companies will control the access to the technology and the plebs are left out at the gates.