Submitted by nexus3210 t3_xvwf5w in singularity
Sashinii t1_ir4vv6c wrote
Reply to comment by CyberAchilles in How Can We Profit From A.I.? by nexus3210
Money will be obsolete in the future and the idea that it won't be is ridiculous.
mdhalloran t1_ir55nf2 wrote
It is easier for most people to envision the end of civilization than the end of capitalism, unfortunately☹️ Personally I believe that we need to implement a new economic system before the Singularity starts if we want to maximize our chances of a utopian future, but this capitalist realism makes it difficult to even discuss that possibility
dreamedio t1_ir7z0r1 wrote
Resources are finite not infinite but obviously rich people or some humans would be more privilege and have access to more resources while poor ppl would atleast have UBI
mdhalloran t1_ir87ygq wrote
I think it’s possible to get rid of rich people altogether. The reason capitalists earn a disproportionate amount of money is because they risk their time and/or money creating successful business ventures. But in theory, the entire process of entrepreneurship can be automated and de-risked. Once this happens, it should be possible to give people money up-front to develop desired products and services, under the condition that they cannot earn any additional profits/royalties. Their incentive would be increased income on top of UBI, as well as reputation points and a sense of purpose.
Such a system would still have a free market, where goods are priced according to supply/demand. It’s just that venture capitalists, investors, marketers, etc. are no longer needed
Devanismyname t1_ir6azoo wrote
Its funny you think he sounds ridiculous when you're operating on pure speculation.
dreamedio t1_ir7ywv2 wrote
According to who?
Sashinii t1_ir7zds4 wrote
According to the nanofactory.
CyberAchilles t1_iry5g30 wrote
I wish I had a dollar for everytime you mentioned Nanofactory. I'd be richer than Elon musk by this point.
Sashinii t1_iry62ky wrote
I mention the nanofactory so often because the technology is incredibly important.
CyberAchilles t1_iry92ka wrote
Debatable. Plus we won't ever see it in our lifetime so either way whether it becomes reality or not, we won't be around to see it.
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