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dns_snek • yesterday at 6:24 PM • 2 replies • view on HN

That's a nice vision but if AI and robots end up replacing most jobs then we're first going to suffer a total collapse in living standards across the world, until we replace capitalism at least. When the economy no longer relies on labour people won't have anything to trade in exchange for basic necessities.


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AnthonyMouse • today at 12:01 AM

> if AI and robots end up replacing most jobs

The only way AI and robots end up replacing most jobs is if they can do them for less money than people can. Which in turn means that those things become less expensive, since that's the thing causing suppliers to do it.

So there are really three possibilities here. First, we get robots that can e.g. build houses and housing scarcity goes down, so now you don't need to make much money to afford rent. Second, robots still can't build housing, so then you get a job building housing and have a job. Or third, robots still can't build housing but we have a bunch of rent-seeking incumbents that won't allow you to get a job doing that either, because they're trying to keep rents high or artificially limit the supply of trade labor.

It's the third one that really screws you and is the one that we need to prevent.

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spwa4 • yesterday at 7:02 PM

You only have to look at the current situation in China to see that the problem is not capitalism, or communism, at least not by itself:

https://www.wsj.com/world/china-economy-gen-z-f9058941

https://www.economist.com/china/2019/11/14/homelessness-has-...

https://www.youtube.com/watch?v=Si2zT-wCs3c

We all know that "real" communist societies like North Korea are worse, much, much worse. In fact within China how bad this is varies enormously. If you're in a "rope village" somewhere deep inland, having the finest house in the entire city is arguably worse than homelessness in Beijing, but the party won't let you leave except as homeless, because you're allocated a "Household" (Hukou) and you aren't allowed to leave.

And, of course, half the problem is the very structure of the communist party itself: local officials hide the problem, because if they don't, they'll be purged or at the very least won't see promotions, ever. Which means that the police will be using violence to hide the problem rather than fix it.

AI can provide incredible wealth, or immeasurable misery, in both capitalist and communist societies. That is not what makes the difference, that is just how political parties like to frame themselves and so the argument why you should choose "left" or "right".

Capitalism and private home ownership can certainly provide housing, but if you go too far or not far enough in private ownership and "protecting capital" they won't. And communism can certainly fix homelessness (the Soviets did, for example), except nowadays they just won't.

AI will provide more tools for people with capital, which primarily will be the government. Whether that solves, say, homelessness is a choice, in either system.

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