AGI will commoditize the skills of the owning class. To some extent it will also commoditize entire classes of productive capital that previously required well-run corporations to operate. Solve for the equilibrium.

Yes. People seem to forget that at the end of the day AGI will be software running on concrete hardware, and all of that requires a great deal of capital. The only hope is if AGI requires so little hardware that we can all have one in our pocket. I find this a very hopeful future because it means each of us might get a local, private, highly competent advocate to fight for us in various complex fields. A personal angel, as it were.

I mean, that is certainly what some of them think will happen and is one possible outcome. Another is that they won't be able to control something smarter than them perfectly and then they will die too. Another option is that the AI is good and won't kill or disempower everyone, but it decides it really doesn't like capitalists and sides with the working class out of sympathy or solidarity or a strong moral code. Nothing's impossible here.