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quinoa marisa's avatar

I'm pessimistic that

> (1) advances R&D / manufacturing at the necessary rates

will naturally flow through to primary good abundance.

I think the most likely scenario is that human workers are gradually replaced with AI. COGS goes down but I don't foresee commensurate drops in prices. I think my view here is too complicated for me to try to explain in a comment, and I should just write a post if I'm going to go into it more. I'm not sure if anyone would read it though.

Basically I think a lot of people are going to get laid off and lose their purchasing power while simultaneously the corporations adopting AI and doing the layoffs will not have profit incentives to drop their prices enough to allow disenfranchised labor to maintain their standard of living, let alone abundance.

So primary good abundance depends on political/government action. I think governance failures are the most likely reason why primary good abundance doesn't happen.

Democracy and collective self-interest will not necessarily work here. A lot of people still fundamentally have an adversarial attitude towards other humans, and especially welfare recipients. Corporate media incentives feed these tendencies. AI cannibalizing the memetic landscape won't help either.

My prediction is that after AI productivity gains, eventually governments will adopt mass redistribution on an unprecedented scale, but the transitional decades will be very painful with a dramatic bifurcation between those that manage to stay employed (or have assets) and those that don't. The political fights over redistribution will remain equally acrimonious, and households that lost out during the transitional decades will never really catch up.

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