If the cost to produce falls to zero, then the selling price must also fall to zero. If everything is free, then way does one need wealth?
I think it’s gonna be awesome. I’ll bet this guy thought the same before AI came around.
What if AI can do everything for us and we don’t HAVE TO work? Just enjoy it’s fruits? Every day at the golf course or beach? It would get boring so everyone spends 4 hours a day doing military training preparing for the next war. Free time will free up moms to be better moms. Teach the kids more.
“If everything is free, then way does one need wealth?”
That had occurred to me a while back, too. Could we reach a point where everybody on earth has the same standard of living as those of us in the USA and it is all “free”? Turns out the answer is “no” because there are not enough materials in the earth’s crust nor enough energy to achieve that. But it’s an interesting thought experiment to ask if, say, 10% or 20% of the world’s population does not have to work and has all their needs met at no cost through AI and robots. What is wealth? What is money? What are prices?
It makes the mind boggle.
And this premise is why the article is idiotic.
AI is VERY, VERY, VERY expensive to run.
The current crop of AI companies are operating at huge losses in a war VC of funding attrition.
Just wait until AI is priced to break even, you will be paying $200 a token since you fired all of your employees ....
“If everything is free, then way does one need wealth?”
At the limit, it’ll be like the animal world.
We have deer around in our area, and they go around all day grazing on the “free” bounty that nature provides with no effort of their own other than consuming it.
Maybe it’ll be like that for humans with AI and robotics. They’ll produce everything we need and there will be government warehouses (Mamdanis) full of stuff where you just go in and take what you need (want?)
The difference though with humans is that we’re never satisfied. So whereas a deer gets its fill of grass and lies down content, most humans are constantly desiring for more and better. So you’ll still see people fighting each other to be first so they can get the most.