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solaticlast Friday at 7:17 AM0 repliesview on HN

> "post capitalist society" was the recognition that capital ceased being the primary factor of production. No matter how much capital you throw at a problem, if you can't retain people that know what you're doing, you won't get far.

This leads to the reformulation of knowledge workers as "human capital", and it's hardly post-capitalist. A capitalist society is one where people assemble different forms of capital to produce capital returns that are larger than the sum of the capital inputs, where the possibilities available to you depend on the amount and quality of capital that you have access to. This is all still very relevant when discussing human capital - access to human capital is determined by the quality of your professional networks, whether you decide to be present in geographic talent clusters (i.e. cities as centers of industry), and whether you have sufficient financial capital available in trade.

AI will not transition us to a post-capitalist society. Its promise is solely the ability to replace human capital with other forms: chips and electricity. It does not spell the death of human labor any more than computers and spreadsheets did for accountants.