https://en.wikipedia.org/wiki/Peter_F._Hamilton_bibliography
Capitalism, all other things disregarded, would just keep the price high so long as the demand is high and the supply low.
Human nature plus immortality is not a pretty thing to think about.
A few millions here and there, no matter what they do or how much happiness they cause, is nothing compared to billions upon billions^(TM) continuesly pumped out of the world into one person's coffers.
I don't care what kind of persons billionaires are, allowing someone to have wealth equivalent to several countries' economies is ugly and injust. No amount of gift-giving and hospital-visiting is gonna make that any less of a moral disaster. Maybe when we discover arbitary-destination wormholes can we be that inefficient and injust with resources distribution, but with just one freaking planet? good luck convincing me (and the several billions who are not billionaires) that philanthropist billionaire overthere isn't stealing somebody's (probably several million somebodies) food in their pointless unending quest to pile wealth they're not going to use 10% of in their wildest dreams.
And how is a monopoly going to form? You think people are going to refuse to eat synthetic diamonds-that-make-you-stop-aging because of marketing around getting "the real thing"? And you can't buy out all the mines for something that isn't dug up.
> Human nature plus immortality is not a pretty thing to think about.
Whatever. People are still going to get cancer.
You're confusing capitalism the system with individual businesses.
From this perspective, Capitalism (or "the market") can be viewed as a tool governments can use to increase the quality of life of its citizens.
Granted this explanation is a bit banal and hand wavey and leaves out a ton of stuff (consider impacts on jobs for instance); this is an internet post not a thesis on economics. :) Hayek, Mises, and Friedman are good sources if you care to explore more.
Guy says "post-scarcity" but what does that really mean? Even if we have cheap energy and cheap raw goods, there will still be things that are limited, perhaps open space, nature preserves, beach property.
Or maybe even in a land of plenty, there will still be those who live in poverty (some would argue that poverty is a choice today).
I'm not sure what will be valuable in the future, but I am sure the rich will hoard it.
Further, under capitalism, you only get money from working. Minimum human work implies that most humans won't have any money of their own at all.
And it's not an individual business thing. Capitalism is amoral (note: not immoral), with a value function. If in a scenario it behaves what we consider "badly", we provide incentives to skew that value function towards what our society wants. For example through taxes or subsidies.
There is effectively no reward for the rich to make this technology broadly available. There's every incentive to keep their workforces and consumers ignorant and short-lived.
This was also the attitude in the 1700s and 1800s there were several revolutionary wars to fix it.
Anti-aging treatments won't stop bullets.
I think it might make things more egalitarian. A hard working genius born to poverty only has 80 years to work their way into the upper echelons. Removing senescence means such people will have more time to rise to elite positions and demonstrate track records of competence and merit.
I don't agree that anti-aging would be restricted to the richest. One simple reason is that anyone with the know-how could make vast wealth by making anti-aging available to the masses.
Social Darwinism? You can do it today, just stop providing medical care for the poor... wait, this is already happening in the US.
We heard that with the Internet too. And 25 years later: while certain metrics like poverty and standard of living have improved globally, things have gotten worse in Western countries. Why do you think something as Holy Grail-esque as anti-aging tech will be any different?
What about reduced training costs because you can keep your existing expert staff instead of needing to constantly hire fresh but clueless youngsters?