Agent23
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You will still need power, manufacturing capacity, food, etc.The doubling was an exaggeration to make a point.
AI should exert so much deflationary pressure as to eventually render a lot of things basically free. An UBI would be a desperate attempt by the system to inject cash and exert inflationary counter-pressure to make sure that those products remain artificially scarce and artificially expensive and protect corporate profits.
At first, corporations will be enthralled with AI and how they can maximize their ROIs by cutting out artists, programmers, et cetera. But then, their glee will turn to horror as computers continue miniaturizing and becoming more and more powerful and they finally realize that a machine that can produce creative output at zero marginal cost means that they, as the middlemen, can be cut out, too, and consumers can just directly ask AI to make them whatever the hell they want.
Internet spam and "muh IP" is not a basic need for any human.
Most of the tech that truly made our life better was perfected 50 years ago aside for personal computers and some pharma products, and even there, you can suffice with one desktop PC for a long, long while, muh smart grids, muh intelligent devices, muh cars with 30 000 microchips and muh idiotifying cell phones are non-essential crap we would do better without.
Money is useless without purchasing power, and the average American's purchasing power has been eroded so much in fifty years as to be practically unrecognizable. People used to be able to afford a house and a car a couple years out of high school. Now, we have over-educated college grads staffing coffee shops, who give away over half of their income on rent, and most of the remainder on a bunch of subscription services, and who've done the math and determined that they won't be able to afford a down payment on a home until they're too old to start dating.
What has been done to us, I would argue, is a form of economic genocide. People who just want a nice single-family zoned house to raise kids in have been cut off from that by a hostile system. Companies today will literally do anything to avoid paying people a living wage.
Yes, but that's just a side effect. The continuing enrichment of banker cartels is always the primary goal.
Yes, it keeps Jabba's barge full of slaves flying.
Yes, indeed. It benefits both our masters and the hostages they have chained by the neck.
It's a bad thing because most people are financially illiterate, don't have a brokerage account, and don't know they can even be a small retail investor, so they just end up piling money in a savings account and watching its purchasing power shrink year by year and sinking deeper and deeper into despair.
Yes, it does, but governments don't enact policies for the benefit of everyone. They enact them for the benefit of the few, which is why they repealed Glass-Steagall and allowed commercial and investment banks to form massive conglomerates and eat up everything with their phony paper-shuffling that produced no physical products of actual utility to anyone.
What corporate banks and central banks do is basically legalized counterfeiting. If you or I did it, it would be illegal.
So, you believe that after you've worked your fingers to the bone for thirty or forty years, your company should be bought up by vulture capitalists who fire everyone, cancel everyone's pensions, and leave you to rot in a ditch with no money. That's frankly amazing. Let me know how that goes for you.
Eh, mostly agree...
Google Eurodollar system or link one of Snider's videos here.
Klaus Shvab is just your standard grifter IMHO.Klaus Schwab and the WEF are a cult that represent the interests of big business. They're not "fringe commies and fascists". They're ordinary authoritarian-centrist neoliberals. All the people with WEF memberships who fly out to Davos on private jets are politicians, bankers, financiers, and Fortune 500 CEOs.
Klaus Schwab's narrative about failing governance, environmental devastation, and the need for robust safety nets is little more than a recapitulation of the Post-WWII welfare states which came about as centrist, managerial society's reaction to communism and fascism. The main people pushing DEI and ESG and all the rest of this political correctness bullshit are gigantic asset management firms like Blackrock that manage everyone's retirement money and then have the gall to turn around and enshittify our culture.
This is the paradox of conservatism in our time. The traditional fonts of conservative power - giant corporations that used to represent entrepreneurship and ingenuity - have been subsumed into the managerial society. Conservatives are left in a state of confusion, cheerleading for people who are trying desperately to destroy them in one minute, and then decrying "corporate communism" in the next.
Know your enemy:
1876: "This 'telephone' has too many shortcomings to be seriously considered as a means of communication." — William Orton, President of Western Union
1889: "Fooling around with alternating current (AC) is just a waste of time. Nobody will use it, ever." — Thomas Edison
1946: "Television won't be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night." — Darryl Zanuck
1966: "Remote shopping, while entirely feasible, will flop." — Time Magazine.
1995: "I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." — Robert Metcalfe
2024: "AI will never replace human labor. It might replace humans in some things, but not nearly everything and certainly nothing physical." — Vyor
The flip side of that proposition are all the various bubble pumpers and irrationally optimistic supporters of every technology.
It is 2024, we have neiter a moon base, not colonies on the moons of titan, after all.
The truth will likely be somewhere in between.
And from my experience, AI desn't write code as much as it regurgitates some mess that got vacuumed up from GitHub, it will certainly be hilarious when somebody demands that the derived code comes with a GPL license.
Again, if our money doesn't actually buy anything we want, then what's the point in having it?
In a few short years, most people's vacations will be replaced by VR goggles, if they can even afford VR goggles. Simulations of wealth will replace actual wealth. It'll be like one of those Leonardo of Biz shorts.
For vacations I'd already stay at home or go walk through my grandparents village, and maybe plant some fruit trees in between hikes.