Whether the labor theory of value is right or wrong, the "real split" you describe will soon no longer exist. Capital owners will live on the labor of their capital. Non-capital-owners will live on the largesse of capital, or will not live at all.
Unless we muster the political will to stop AI development, internationally, until we can be certain of our ability to durably imbue it with the intrinsic desire to keep humans around, doing human things.
> imbue it with the intrinsic desire to keep humans around, doing human things.
It's not the AI you have to convince, it's your government and the people running tech companies. Dario Amodei was cheering for AI to take all programming jobs (along with the others). If that happened, it would be an unmitigated disaster for millions of people. Imagine a student who comes out of a CS major with tons of student debt. How much sympathy does Dario feel for this person? Getting him to STFU would be a good first step.
> the political will to stop AI development
The reason that's not likely is that it's an arms race. You stop AI research here, but how can you trust that China and Russia are doing the same? Unlike nuclear bombs, the potential harms are less tangible.
I think there's a piece missing here. Capital owners are humans too, and what humans want (perhaps especially the ones who accumulate capital), is to be at the top of a hierarchy. But a hierarchy needs participants. If nobody else is playing the game, there's no top to be on top of. Strip away the people willing to compete, admire, envy, or just show up, and the whole structure collapses. It's not clear that a world of pure capital-on-AI-labor actually gives them what they're after. It sounds lonely and meaningless to me. I don't think that it would feed the black hole in their chests.
"Non-capital-owners will live on the largesse of capital, or will not live at all."
That's been tried several times now and has a tendency to end very badly for capital. You'd think folks with even a grade school level of historical literacy would know better than to stick a fork in that outlet.
I, for one, am looking forward to me and a band of my closest friends and family raiding heavily fortified data centers guarded by Boston Dynamics robot dogs to steal clean drinking water for our underground village. We might even hit a caravan of autonomous trucks carrying cricket protein powder in the same night.
The people without capital will just form their own economies and continue to exist, likely they will kill the capital owners as well if it really came to that.
I agree.
Capital is a commodity, just like a business' product. It does not produce value. Labor does. This is a central point of LTV!
We witnessed the same thing with looms and other automation in the Industrial Revolution. Capital that helps you produce more. But owners faced with increased competition under commoditized production see their profit margins fall. Thus they will turn to squeezing workers - the source of value - for profit in the newly commoditized landscape - exactly what happened during the Industrial Revolution. It was only when workers got their act together and organized that this decline was stopped and reversed.