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akra | 1 year ago

The default position is that it will decrease the need of what the middle class can offer (skilled labor). All else being equal that increases the value of the other factors of production (the next bottleneck) such as capital and land.

Unless something changes, if I was a billionaire I would be ecstatic at the moment. Now even the impossible seems potentially possible if this delivers on its promises (e.g. go to Mars, build a utopia for my inner circle, etc). I no longer need other people to have everything. Previously there was no point in money if I didn't have a place to spend it/people to accept it. Now with real assets I can use AI/machines to do what I want - I no longer need "money" or more accurately other people to live a very wealthy life.

Again this is all else being equal. Lots of other things could change, but with increasing surveillance by use of technology I doubt large revolutions/etc will ever get the chance to get off the ground or have the scale to be effective.

Interesting times.

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