Then he states that he doesn’t believe that societies will starve out their population en masse to bid up energy for AI because it’s never happened before.
What.
My conclusion is most societies will either tear themselves apart in civil war after too many people are reduced to penury without socioeconomic mobility for too long, or socialism will be expanded and billionaires will be taxed.
Since the ultra rich cede nothing without a fight, eventual civil war is the mostly likely choice they made because they captured the US political process and de facto direct for their continued enrichment at the expense of everyone else.
Remember: Social Security under the New Deal, unlike the Townsend Plan, was a class warfare compromise and half measure. Modern Medicare isn't good health insurance, involves for-profit insurance companies, is complicated, and is very expensive to customers and to the government. UBI and universal healthcare will be necessary in America, but are far off on the horizon because of political polarization and manufactured consent shifting views to far right authoritarianism.