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Comment by lossyalgo | Hacker News Reader

> freeing humans from work and scarcity

How will that be possible if all wealth is held by a small group of ultra-rich individuals? Or do you think they will all simultaneously opt to distribute their wealth to everyone in some form of UBI?

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He said humans. He didn't say all of them, or specify which ones, but I think we can guess.

All it takes is one ultra-rich individual to say, "I'm having my bots build a bot-building factory and giving them to everyone who wants a bot. For free (after all, bots are doing all the work!) Or a hundred bots, who cares. They're free, bots are doing all the work anyway."

Those will be the only humans left.

I'm not an economist but you're just echoing a trivially shallow meme.

Research:

  - Where does most money come from?
  - What are these gazillion AI agents creating if no-one has any money to buy anything? 
  - What is this "wealth" of this small group of ultra-rich individuals? Who is buying the shares of their companies to make them wealthy? Who is buying their products?

The economy must be self balancing. There is no other way. If demand collapses, no-one gets rich.

This is the dumb meme. Those who own the automation don't have any non-moral non-ethical reason to feed and house the masses. Money is a proxy for power.

It's like you didn't even read my post.

You said no one gets rich. I disagree with the end result, a few do get quite rich.

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