Artanthos

Artanthos t1_jduu0fz wrote

It’s weird that you automatically assume it’s something major without any supporting information.

It could just as easily be leaking information to the press or something else minor. We don’t know, nothing has been divulged.

An investigation could find a potential crime, or it could clear him. We don’t know because the investigation has not happened.

Even if the investigation finds a potential crime, it still has to go to trial. You would impose punishment without a trial? Imagine the outrage if this was the other way around.

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Artanthos t1_jdhqiye wrote

No one person, even among the wealthy, will have all required resources.

So, humanity moves from its current economy to an economy with only 30 million participants.

They continue to buy and sell among themselves.

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Artanthos t1_jdheokh wrote

We have to make it up there in a cost efficient manner for it to be usable.

That’s a long ways away.

But what the heck. Elon Musk is taking the lead on getting us there. I’m sure everyone on Reddit will be ecstatic if he succeeds and becomes the world’s first trillionaire.

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Artanthos t1_jdhc50m wrote

Or those who own the automation and the material resources will switch to a smaller, less inclusive economic system.

True wealth is resources, manufacturing capacity, and knowledge. Most of those left unemployed will have none of the above.

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Artanthos t1_jdevuxm wrote

  1. Congratulations, you have carbon. Now you need everything else.
  2. mines can be automated, but there are a limited number of mines and those mines have a finite amount of resources.
  3. arable land is a declining resource
  4. there is only just so much available for a lot of other resources, see my sand example

Limited resources means supply and demand. The owners of those resources have only a finite amount available and will be selling them to the highest bidders. Just like today’s commodities markets.

The more limited resources will go up in at a rapidly increasing pace as demand increases. See lithium prices over time. And there’s not a lot to automate with lithium production.

https://www.cnbc.com/amp/2021/03/05/sand-shortage-the-world-is-running-out-of-a-crucial-commodity.html

https://www.statista.com/chart/amp/28037/lithium-carbonate-price-timeline/

https://www.engadget.com/2019-02-24-the-big-picture-lithium-salt-flats-chile.html

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Artanthos t1_jdejcdy wrote

You mean like sparking revolutions in electronic payments, electric vehicle production, commercialization of space, and global internet access?

He’s not the only player involved in any of these industries, but he was the first to achieve large scale commercial success in all of them.

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Artanthos t1_jdehw2p wrote

You assume things will be virtually free.

That’s a large assumption.

  1. compute power won’t increase the availability of material or energy resources
  2. the whole basis of UBI is taxation, a cost that will be passed on
  3. those who own the systems will still want compensation and profit.
  4. demand for basic services won’t decrease unless population is reduced.
  5. some very basic resources are already facing reduced availability, e.g. the right types of sand for silicon chips and concrete.
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