'Video Game Takes Over Universe.' Now we will have full on automatic space communism. Whoopie!
AI grabs your attention, but actually AI is only a tool. At first glance a tool to offset the tendency of the rate of profit to fall. From that point of view, just another tool in a long line of many. Is that a good thing? Or have the rich been selfish and kept productivity improvements to themselves?
Yes they have. In America since 1979 wages have been flat while productivity improvements increase owner income every year.
Uncle Karl sez: The value of a commodity is the median amount of labor that is socially necessary to produce a commodity. The first order effect of a productivity improvement is to increase physical productivity and profits, but as demand does not change, a second order effect will, (as the improvement becomes the universal way to do things), reduce profit. What goes up later comes down. Profit goes back to where it was with workers getting a smaller slice of pie.
In America workers were getting a piece of the ever bigger pie from 1948 to 1980 until this:
QuoteStarting in the late 1970s policymakers began dismantling all the policy bulwarks helping to ensure that typical workers' wages grew with productivity. Excess unemployment was tolerated to keep any chance of inflation in check. Raises in the federal minimum wage became smaller and rarer. Labor law failed to keep pace with growing employer hostility toward unions. Tax rates on top incomes were lowered. And anti-worker deregulatory pushes—from the deregulation of the trucking and airline industries to the retreat of anti-trust policy to the dismantling of financial regulations and more—succeeded again and again.
Then all the extra pie went elsewhere.
Capitalism has serious flaws, second order effects which offset any benefit it gives. As a force in society capitalism must be regulated or eliminated. Technology is not the problem. People are. AI is another means of production, and really that is all AI is. Who owns it. That is what counts.
* Carbon fee and dividend would give ownership of oil and gas to the American people making the oil companies employees of us. But so complete is the brainwashing of America, few people understand how this could be a good idea and change the
Consequently nothing will change. America has a religious commitment to being owned.