LessWrong (Curated & Popular) “By default, capital will matter more than ever after AGI” by L Rudolf L
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Dec 29, 2024 L. Rudolf L, an insightful author known for discussing the implications of AGI on society, dives deep into the future of capital in a world with labor-replacing AI. He argues that capital will become more essential than ever, transforming power dynamics and potentially leading to increased inequality. Rudolf challenges the notion that money will lose its value, exploring the risks of a divided society. He also examines Universal Basic Income as a response to these changes, questioning the evolving relationship between citizens and their governments.
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Post-AGI Economics
- Labor-replacing AI necessitates Universal Basic Income (UBI) to address unemployment.
- Even with UBI, money and prices will likely persist due to the need for resource allocation and information exchange.
Capital vs. Talent
- Blue Origin, despite superior funding, was outcompeted by SpaceX's talent and culture.
- This highlights the difficulty of converting money into effective labor, especially when competing against top talent.
Clonable AI Talent
- AI's clonability solves the talent acquisition problem by allowing widespread access to top AI “talent”.
- This contrasts with the current scarcity and difficulty in evaluating human talent.