I’m reminded of a comment I saw once where somebody was saying how when they were young, they were told that AI would do the miserable jobs so that people would have more time to make art and poetry, while today the AI makes art and poetry so that we can work longer hours at the miserable jobs.
And the AI bros say that this is just a necessary step towards automating away the crappy jobs, but it’s not like they’ll stop automating everything else if/when AI reaches that point. The AI will still continue to automate away the hyman experience of art and culture for the rich. They’re not going to suddenly decide to implement Luxury Gay Space Communism at that point. They’ll just cram everybody into Kow Loon style ghettos.
Yep, they literally cannot work any other way than as a ponzi scheme. Because the people “earning” want to take more money out of the system than they put in, and the company is taking money out as well just to keep the game running and the employees paid, as well as to make a profit. So you need substantially more suckers buying into the system than the money that is being paid out.
Eventually, somebody is gonna be left holding an empty bag.