Astral Codex Ten Podcast It's Still Easier To Imagine The End Of The World Than The End Of Capitalism
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Jan 26, 2025 The discussion opens with a deep dive into wealth inequality in a future where AI dominates labor, predicting stagnant capital growth regardless of economic advancement. Prospects of ballooning inequality pre-Singularity raise questions about social mobility, especially as a new class of billionaires could emerge. The conversation highlights potential governance struggles in a techno-feudal society, urging transparency from tech giants. Investment strategies also evolve, with debates around wealth taxes and tangible assets in this changing landscape.
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Stagnant Wealth Inequality
- Post-singularity AI could lead to permanent wealth inequality, as it takes over all labor, including entrepreneurial roles.
- Equal access to AI investment advisors would fix existing capital growth rates, solidifying pre-existing disparities.
Impact of AI on Democracy
- Modern democracies often prioritize citizen well-being due to economic self-interest.
- Cheap AI labor may remove this incentive, potentially leading to less redistribution.
Limited Human Ambition
- Post-singularity, even with UBI, a few trillionaires might control most resources, limiting human ambition to local social spheres.
- AI's dominance in creative fields could diminish the impact of human endeavors.