Capitalism Can't Handle AI

2 points | by sedan_baklazhan 34 minutes ago

2 comments

  • ben_w 11 minutes ago

    You seem to be conflating capitalism with consumer goods.

    Consumer goods may indeed disappear completely from the economy, though even this does not follow from your argument.

    First: Capitalism doesn't require that corporate income is distributed through wages. The "capital" in "capitalism" implies owners, who can be paid dividends from that ownership.

    Second: Before transistors, "computer" meant a human. Before AI, "agent" meant human. Specifically from the perspective of a firm, paying fees to maintain an AI agent isn't that different from paying wages to a human agent, and there are already plenty of firms whose business is selling to other businesses, "B2B" is the keyword.

      sedan_baklazhan a few seconds ago

      >Capitalism doesn't require that corporate income is distributed through wages

      It does indeed require that. Otherwise, there's nobody left to profit on. Without consumers there's no business - and no capitalism.