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mdhalloran t1_ir55nf2 wrote

Reply to comment by Sashinii in How Can We Profit From A.I.? by nexus3210

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

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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

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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

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