I already can see the slant that, this whole article is going to be about. Capital holders are going to be the only people matter. Everyone else is trivial. i.e. the top 5% who hold 80% of all wealth in the world.
>Consider Qatar as a point of comparison. Migrant workers make up roughly 94% of the country’s workforce, yet only Qatari citizens, who make up the remaining 6%, are eligible to receive most government welfare benefits.
My father was one among those 94%. Stayed away from my family for more than a decade, only visiting us for 2 months every 2 years. Leaving with tears in his eyes every time. Qatar shouldn't be a point of comparison for capitalism. With no way for naturalization, a strong monarchy, and Labor oppression. I think it's the opposite of free trade capitalism as preached by the west.
What I got from this article was. More money for me, and none for the peasants, but that's okay because they or their work don't matter anyway.
The comparison is bad and yes the article is ridiculous, but it does not argue for human oppression or capital accumulation in a small minority of humans, it argues that in fact such an accumulation will be meaningless.
And then the article goes on to explain, how historically governments have always redistributed wealth from rich to the poor.
The wealthy were incentivized to provide for the bottom of the population only because there was need for labour for the wealth to stay alive. but then, going by the article's analogy when there is no need for labour, there is no need for the bottom 75% as well.
These are absolute assertions about the near future absent any rationale or reason whatsoever that contradict the minimal evidence that actually exists.
Is this the pinnacle of AI hype? Time will tell.
Selling a job by saying that soon we won’t need to work.. I think some connections were missed..
I can only believe that the former is a psychological reaction to the later.
I'm not criticizing people in that situation. Many people close to me wouldn't have a chance no matter how thrifty they were.
This is not some "revealed preferences" situation either. Something very harmful is happening, and it's not easy to see exactly what it is or why it's happening, though I suspect increasing wealth inequality plays a big part.
Aside from the ability to cast a ballot, the only other power that normal people have in our political economy is the ability to withdraw their labour. If AI replaces all labour, that already vanishing power completely disappears.
I could see countries like Norway having strong enough institutions to ensure that the benefits get shared in a reasonable way.
In places like the US or Russia, I have a difficult time imagining anything other than the creation of a dozen trillionaires. The US can't even agree on basic universal healthcare. Do you think that President Vance or Newsom are going to divert profits from Google and OpenAI to give to normal people?
A far more likely scenario would be the growth of a permanent underclass. Silicon valley would rather see 150 million people living in tents than agree to a higher rate of taxation.