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GJM 3 weeks ago
Ah! Ok! Interesting. My research to date is leading me to the conclusion that there will be a transition to “Post Labor Economics” system which is yet to be defined. I am not seeing any convincing arguments from the Austrian economic camp that logically confronts the unknowns of both AGI & ASI. Human action has been consistent through history as we know it but is not clear to me how it shapes economics through a technological singularity event. Interesting times! 😄

Replies (2)

the idea that everyone can have everything they want because there is smart robots is ridiculous that doesn't solve the food production problem... how do you make sure you grow enough? still basics. the kurzweil singularity nonsense is obvious nonsense if you just think about it. what you don't understand is that the AGI robot overlords take over nonsense is that no robot does things of its own accord. someone has to set its prime directive. a robot has no needs, therefore it cannot be a market participant because it does not feel pain and has no motivation to act. even if you artificially add pain to its experience, it's not going to make it the same as a human. what makes us human, and need markets, is pain. go fucking read Human Action and come back to me. in the meantime i don't have time for going over well worn bullshit from socialists who literally think that it's robbery to charge a price.