Maybe AGI is impossible not for any technical reasons, but because AI is a self-limiting technology? As AI improves, it destroys the educational system that creates the researchers that develop it.
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Equating government welfare programs to better society with for profit systems is frankly disgusting. One has provided real empowerment and nearly erased illiteracy rates, the only is simply a system used to extract wealth for a few individuals and not society.
I do not trust any system that has shown to be a degrading experience to raising literacy or teaching others to critically think for themselves.