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Reply to "What happens to stocks, investing and generally capitalism when automation and robots do everything?"
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[quote=Anonymous]I don't know why people feel the need to make umpteen posts [i]using AI [/i]to talk about how scared they are of AI, but it's ridiculous. As is asking AI whether you should put more money into AI. All these posts act like AI replacing humans is inevitable, which it isn't. But more importantly, the economics of your Grok post make no sense. Margins go to 60+% while personnel drops dramatically - who are your customers? You think corporations are going to quietly accede to high taxes so that their fired employees can buy their high-margin product with the UBI stipend? The UBI fantasy and its ilk are attempts to maintain the status quo (humans get paid) while making sure their particular sector is enriched (tech owns everything). But that just creates an unnecessary middleman. Economically, it's more efficient to have no AI (humans get paid) or nationalized AI (ditto) or not pay humans (the actual tech bro plan).[/quote]
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