Comment by lossyalgo

12 hours ago

> freeing humans from work and scarcity

How will that be possible if all wealth is held by a small group of ultra-rich individuals? Or do you think they will all simultaneously opt to distribute their wealth to everyone in some form of UBI?

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lossyalgo

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munksbeer  2 hours ago

I'm not an economist but you're just echoing a trivially shallow meme.

Research:

  - Where does most money come from?
  - What are these gazillion AI agents creating if no-one has any money to buy anything? 
  - What is this "wealth" of this small group of ultra-rich individuals? Who is buying the shares of their companies to make them wealthy? Who is buying their products?

The economy must be self balancing. There is no other way. If demand collapses, no-one gets rich.