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Villamanin24680 t1_jdn3c4c wrote

Reply to comment by MistyDev in Who do you think will be the winners and losers of the coming AI revolution? by tshirtguy2000

>What should we be watching out for? How might we prevent this from happening? Historically is there a similar situation?

Challenge accepted. We need to fundamentally restructure the way wealth is distributed in society, moving particularly in a more Nordic direction. Iceland is a good example of what that looks like. Strong welfare state and co-ownership of productive firms. Also within top 10 countries for average life expectancy. Now, will what I've just suggested actually happen? I'm not optimistic. If we want it to happen we basically have to start organizing political parties and civic groups with class consciousness foremost in mind.

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nofluxcapacitor t1_jdo1tjk wrote

It's important to note that the nordic countries have roughly as much wealth inequality as the US, but they just have more taxes which reduces income inequality.

They probably would reduce wealth inequality if they could but the fact that much capital is mobile means the very wealthy can threaten to leave and basically control the government's choices about wealth inequality.

If one country was able to reduce wealth inequality significantly, the wealthy of other countries would likely pressure their governments to condemn and then impose economic sanctions on that country. Along with funding opposition politicians and media within the country.

So it would be a big task to actually reduce it without significant cooperation between governments (e.g. EU's minimum corporation tax would be a very small example).

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