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Techno-feudalism and the rise of AGI: A future without economic rights?

(arxiv.org)
207 points lexandstuff | 1 comments | 05 Jul 25 21:19 UTC | HN request time: 0.207s | source
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VikRubenfeld ◴[06 Jul 25 02:46 UTC] No.44477409[source]▶
Is a future where AI replaces most human labor rendered impossible by the following consideration:

-- In such a future, people will have minimal income (possibly some UBI) and therefore there will be few who can afford the products and services generated by AI

-- Therefore the AI generates greatly reduced wealth

-- Therefore there’s greatly reduced wealth to pay for the AI

-- …rendering such a future impossible

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heavyset_go ◴[06 Jul 25 06:11 UTC] No.44478249[source]▶
The problem with this calculus is that the AI exists to benefit their owners, the economy itself doesn't really matter, it's just the fastest path to getting what owners want for the time being.
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1. Udo ◴[06 Jul 25 11:12 UTC] No.44479687[source]▶
Exactly. And as implied by the term techno-feudalism, the owners are okay with a greatly reduced economy, and in some cases a severe reduction in quality of life overall, as long as they end up ruling over what's left.