It breaks economics in a good way. Less resources spent on all kinds of media and other things is deflationary. Prices go down, a single person can provide for a family working less hours.
The bottleneck is no longer on labor to turn ideas into reality, the bottleneck is imagination itself. It's incredible. The cost to produce/consume going down along with many other facets of the economy translates into deflation.
If you make less money, or work less hours, or only have a single person in your family work - that's ok because money will go further. That's the whole idea behind Star Trek, the first step though was intelligent computers, automation and robots. Harnessed in a way that doesn't backfire on us.
It's the human competition. Every human in the world is competing - on some level - with every other human.
Your described widespread "benefits" to society just change the playing field all humans are competing on. The money will go from that to something else - to pick something topical say, housing.
Precisely. Being able to more easily produce and consume just means more production and consumption. The "rat race" competition will continue. No one will work less.
You don't understand what that means. That means your soul's worth is measured with more precision and accuracy. That conjoined to free market economy implicates that individuals and groups of people producing less can be more openly considered to be objectively less human.
I don't personally care, but that's not... It seem to me that vast majority of people around here already don't exactly like what the Internet had always rewarded, nor how fast it's evolving, nor where it's headed. I think that accelerating that only accelerates that, and I suspect it might not exactly be what you would reflect on positively later.