Look up crisis theory, the rate of profit tends to fall in capitalist systems. Because each company is driven by competitive self-interest, it is incapable of acting for the good of the whole. You simply cannot devote resources to anything but trying to out-compete your rivals and in doing so the profit for everyone tends lower and lower until you have a crisis.
this post was submitted on 14 Jul 2024
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Which is why you place hards limits on capitalism with a lotmof oversight like in the north European countries. It can be done right ifnits done right. That is, of you wa to do it right. If you simply want to say "fuck it, I want to get rich" then you go for the no limits no safe wors style that the US is practicing.
My base rule is that if it's needed or used by a majority of people, then the government should have it (probably exclusively too). Like hospitals, schools, infrastructure like roads and trains, electric grid, eventually the internet.
Now, shops and food isn't in there, probably because we shop wildly differentt I guess, but some base could be handled by rhe government (which is usually the case, like minimum rights to food etc).
1024: This new farming technology means one person can feed 1000 people! What are the other 999 people supposed to do? Are the lords just going to conscript all us serfs and have us fight for their entertainment?
That’s pretty much what happened tho
There were literally humans that were both Jewish and helping the NAZIs kill other Jewish people during the Holocaust.
There will be humans willing to serve A.I. and sell out humanity.
If the AI can run everything, then we become a post scarcity society. I'm hoping for Iain M Banks Culture series myself, but who knows. Or maybe the AI becomes so intelligent it just checks out like in the movie Her and we have to go back to doing it with non-AI tech.
If we all run out of money they will harvest the marrow from our bones. They'll extract a fee, don't doubt it.
Corporations, especially publicly traded ones, can't think past their quarterly reports. The ones that are private are competing with the public ones and think following trends by companies that are "too big to fail" will work out for them.
You're describing the end goal of monopoly
That's the cool part, you won't. If everything crucial is automated, people can drive things forward for passion rather than for money. Of course, this would effectively collapse capitalism, which won't happen painlessly.
In theory, UBI.
In practice, it will likely lead to periodic job market crashes due to overapplying to the remaining jobs, and possibly even revolts.
If AI is really as good as its evangelists claim, and the technology ceiling will rise enough. IMHO, even the LLM technologies are getting exhausted, so it's not just a training data problem, of which these AI evangelists littered the internet with, so they will have a very hard time going forward.
There is zero chance any UBI model would keep the economy going in a mass layoff scenario UBI may keep people alive for a short while (few years) getting the basics needs but that's as far as it would go.
In practice, it will likely lead to periodic job market crashes due to overapplying to the remaining jobs, and possibly even revolts.
This is likely the mildest of outcomes
If AI is really as good as its evangelists claim, and the technology ceiling will rise enough. IMHO, even the LLM technologies are getting exhausted, so it's not just a training data problem, of which these AI evangelists littered the internet with, so they will have a very hard time going forward.
100% agreed. AI evangelists overhyped "AI" to get companies to commit more money than it's worth through FOMO. Exact same way CVS lost its panties to Elizabeth Holmes
What gives you such confidce it will fail if I may ask?
I've seen it multiple times before, and nothing in this round looks any different
"Trust me bro"?
Do what you like, it's just my opinion.
But every day goes by, another study or analysis comes out saying the exact same "AI is not what they promised"
All the experts laughing at the answers it couldn't plagiarize from Reddit.
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