AI is incompatable with our oligarch run economy.

[edhopper]

Just thinking out loud.

AI will probably replace a large segment of workers. Now, in a utopian world, these people could pursue other activities while AI and automation takes over more of labor. But we don't live in that world, those people will be shit out of luck with little safety net and only scrambling for scraps to survive. That is because wealth is concentrated at the top and those assholes don't want to share, they only want more and more. But isn't their wealth based on a capitalist system where the earnings of workers buy the things that keep them rich?
What happens when those workers are replaced and there is no one to buy their shit? How does Bezos keep his wealth when most of his workers are replace by AI and automation? Who is left to shop on Amazon for it's Chinese made garbage?

If the lower 95% is impoverished and only the top % has anything, do they turn to a draconian feudalism to keep it?

As I said, in a more perfect world, their would be enough resources to keep everyone secure and healthy, but we don't have that society.

Does this lead to a feudal dystopia? A workers revolution? How will this changed world look.

[MutantAndProud]

1. Right now they're buying and selling access to their money itself

The goods, services, and production queues are just funnels.

Until the financial pool isn’t being channeled between them round robin style at the speed of low latency fiber, there will be no change, short of power grid failure. AI redirecting the flow more democratically with safeguards is the only solution that will work to satisfy both groups’ needs. If it isn’t done voluntarily it will likely eventually be forced due to attrition. How much attrition and fascism the system tolerates socially is… apparently high with the right trickery, but when enough can’t afford housing to have an address to have a job application… that’s the tipping point. Pop goes the bubble eventually.

[edhopper]

3. I fear

"eventually" is a long way down. We see around the world how much fascism and oppression people accept before they snap.

[CrispyQ]

2. Welcome to 21st Century Feudalism.

I believe Thom Hartmann is where I first read that feudalism is where we're headed. Climate change will just hasten the whole process & do the dirty work of getting rid of some of the human riff-raff. The rich are already buying property in areas where we predict climate change won't be as harsh. I read that the wealthy are buying caves, not bunkers. They have a bigger cushion, a better chance to survive, but they aren't ever going to live large like they've been doing, again. I'm not sure they imagine just how drastically their own lives are going to change. Visiting your cave, your bunker, for a weekend now & then isn't the same as living there, having to defend it from the starving masses that didn't die off. Eight billion is a lot of people.

You asked, How will this changed world look? Ha. Our minds won't take us to what's really in store for us. We have our collective head stuck in the sand.

[Meadowoak]

4. I don't think many of the upper class have bothered to think this through.

Truth is their money comes from the bottom up. They don't realize it.

[edhopper]

5. The Mitt Romney video

comes to mind. A man who makes his money picking at the bones of companies he ruins complains about the bottom % who don't add to the economy. Which in itself is bullshit.

[MutantAndProud]

9. They have only themselves to blame

For worker ‘shortages’

But yeah if they’re wealthy enough they just move it to a different risk pool or set of instruments etc, the system is linked globally and we now either live or die as a global community, which means the lax attitude in America to the economics of deprivation will burn us like it did older ‘empires’ if we aren’t serious about transitioning to the next stage of post-industrial development in society

There doesn’t *have* to be war, revolution, or insurrection, but that is the end result of poor management, always has been

[paleotn]

6. Also, most of the 1%'s wealth is tied to the value of financial assets

Musk for instance. The bulk of his wealth is in equities, i.e. Tesla stock. From a value standpoint, stock prices are fundamentally based on future earnings or profits. What happens to the value of Tesla stock when few can afford to buy their products? The financial system is based on consumption by every Joe and Jill. Without that, it collapses along with the wealth of the rich and everyone else.

[edhopper]

7. And comapred to the market cap

of every other car company, Tesla is overpriced 10X. (it's traded like it's a Tech start up).

How much of a plunge in Amazon sales will leave that stock in ashes?

What happens to overpriced services when no one uses them?

[GreenWave]

8. Robots have displaced millions in the US job market.

As kids we were told not to worry, that the days of 20 hours a week jobs were all we needed. They forgot to say we need 3 or 4 such jobs each.

With all this online teaching what will happen is this:
AI will gather the knowledge and use what it is programmed to teach. No more humans in charge. This means Death Sentence et alia dictate the watered down curriculum. An ignorant public will believe GOP lies hook, line and sinker. And vote lockstep.

[CentralMass]

10. We are collectively screwed.

[highplainsdem]

11. No kidding. As I've posted elsewhere, the current safety net can't deal with

this, and although tech bros are fond of suggesting there'll be a UBI, and some of them might have hazy dreams of one, with most it's just cover for their greed while they rush to replace our jobs with their AI.

[Midnight Writer]

12. The future job market will be for household servants.

Skilled and trained butlers, cooks, maids, chauffeurs, tutors, nannies, gardeners. Oh, and security. Lots and lots of security. And bodyguards.

These will be the secure jobs of the future.

[edhopper]

13. robitics and AI

will be able to do some of those as well.