Comment by cantor_S_drug
11 hours ago
Here's my prediction : The rapid progress of AI will make money as an accounting practice irrelevant. Take the concept of "Future is already here but unevenly distributed." When we will have true abundance, what the elites will target is the convex hull of progress, they want to be in control of leading edge / leading wavefront and its direction and who has access to resources and decision making. In such a scenario of abundance, populace will have access to iPhone 50 but the Elites will have access to iPhone 500. i.e. uneven distribution. Elites would like to directly control which resource gets allocated to which projects. Elon is already doing that with his immense clout. This implies we would have a sort of multidimensional resource based economy.
We already have an abundance of things, food and energy, what we need is meaning and time, not iphones 5000.
Why didn't that happen when historically productivity already increased 10000x? Why would this time be different?
>When we will have true abundance, what the elites will target is the convex hull of progress
We have abundance. The elite took it all.
Every single dollar gained from increased productivity over the past 50 years has been given to them, by changes in tax structures primarily, and their current claim is that actually we need to give them more.
Because that's all they know. More. A bigger slice of the pie. They demonstrably do not want to make the pie bigger.
Making the whole pie bigger dilutes their control and power over resources. They'd rather just take more of the current pie.