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by TeMPOraL 3848 days ago
> There is a particular class of problems of a 'machine economy' where machines produce products for machines, the machines can use the economic product more efficiently (at making the capital owners more profit), and humans are cut out of the loop.

Or, as the SSC poetically puts it[0]:

I broke my back lifting Moloch to Heaven, and all I got was this lousy Disneyland with no children.

The post quotes Bostrom considering exactly this scenario, where in the end the economy, having optimized humans out of the loop, keeps running and generating wealth, with no conscious mind to enjoy it.

[0] - http://slatestarcodex.com/2014/07/30/meditations-on-moloch/