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by fodkodrasz
874 days ago
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The thing is that economy does not make sense without people. Economy is a way to allocate human work and resources, and provide incentives for humans to collaborate, factoring in the available resource limits. Now if AGI make people's work redundant, and makes economy grow 100-10000x times... what does that measure mean at all? Can produce lots of stuff not needed or affordable by anybody? So we just hand out welfare tickets to take care of the consumption of the ferocious production, a kind of paperclip-maximizer is doing? I suggest reading the novel Autofac, it might turn out prophetic. Will that "growth" have any meaning then? Actually the current we print money and give it to the rich economic growth is pretty much this, so with algorithmic trading multiplying that money automatically... have we already achieved that inflection point? |
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Imagine a list of things many people wish to happen in physical reality. We’ll have more of that.
-Better healthcare
-Curing most things that destroy quality of life
-Curing aging and age-related death
-Much better treatment for all sources of mental suffering
-Far better and cheaper and reversible body modification
-More free time to spend at whatever you want
-Everything much cheaper
-Bigger and better homes and living spaces
-Bigger, faster, cheaper transport
-Easier to organize meaningful social interaction
-Better and more immersive entertainment
-More time to spend with close friends and loved ones