No, that is still part of the con. They are pretending to sell that, but they know they can’t. In reality they’re selling vaporware.
Maybe I’m over thinking it or have s poor understanding of economics—but I’m curious where companies think money will come from to buy their products when no one has a job because they’ve been replaced by AI?
The middle class isn’t a natural state of things. You have to work at it to maintain a middle class.
Most of these people want to move back to a feudal self set up again. Where ‘the economy’ is just the nobles and rich merchants trading among each other. They don’t actually care if that economy is overall less prosperous, so long as they are one of the big fish in the tinier pond.
So right now we’re seeing rich people eat other rich people, fighting over who gets to control the dwindling remains of civilization that will remain after their decisions wreck the world.
I get the impression that many companies don’t care about the product or consumer anymore. That seems bizarre, but in a world where money is made up, maybe it makes sense.
I’m not a business guy by any means, but it hit me a while ago that the majority of huge companies aren’t really driven by sales of their core products now, like how you’ll buy an appliance from an electrical store on finance offered by a company they own. They make more money from the banking and investment, to the point that the original point of the firm is a vestigial interest.
They don’t have to give a shit about the customer when the money they make is, to some extent, self-sustaining. As long as someone else is paying people, their income will keep on keeping on.
The trouble is, more and more companies are doing all they can to stop paying people.
And here we are.
It’s because companies aren’t run by Joe Business anymore, who founded the company and has been in the Business business for three generations. It’s a hedge fund now and the 40 layers of middle management just need the line to go up. Then they get a bonus and a pat on the back for crushing their KPIs.
that means ai is just there to pump up stocks and valuations while saying they are valuable but really producing nothing of value and just stealing from tax payers as a strategy next admin will need to hammer on ai and just ban it from usa completely for using it for replacing jobs in general instead of making things cost less ai used to make things cost more
They need number to go up 30x from when they bought it so they can sell and do it again or just coast forever
Companies don’t think.
Employees are thinking “I like my job/it pays the bills/my coworkers are fun/it’s an interesting problem/the nerd rapture is here”
Bosses are thinking “This gets me fat stacks”
Investors are thinking “This will get me stupidly fat stacks, and if it causes social problems I won’t bear the cost”
Also everyone is thinking “me not doing this just means it happens anyway but I don’t benefit”
Read Marx, like I’m not shitposting. If you want to understand why these traps happen and why capitalism keeps going here read Marx. You don’t need to 100% agree with him but the economic analysis is invaluable.
Other companies.
Once you and competition have been optimized out of the economy it’ll all be b2b.
I look at things like the car market, where the top end is basically being floated by oil princes, trustfund kids and early crypto investors. Even have mass production companies like Mercedes starting to focus more on “handcrafted limited release” cars they can make 30 of, and flip at a few million each.
The wealthy seem to seriously believe they’ve amassed enough money at the top that they can sustain the economy without anyone else participating. And unfortunately, it’s looking more and more like the data supports this belief.
yes but the key is to not need the wealthy. issue is they bought most of our politicians like 99% of them. remove their influence and they will need to flee. tax their wealth or they can leave and leave everything they cant move else they will forfeit it. i do not care at this point need a national wealth tax on the 0.01% remove income tax completely
Top 10% ofc. Poor people don’t spend a lot anyways.
A lot of folks just make their money because the line goes up, then instead of spending that money they borrow more using their old money (stocks) as collateral. So long as the line goes up those people have basically a continuing stream of income and credit.
Whenever it stops going up long enough for them to care they will start to introduce their version of UBI which will probably be something like Mr Lee’s KongBucks because every single one of these fuckers seems to have gotten the exact wrong message out of the novel Snow Crash.
Think? (chuckles) No, no, we don’t do that here.
You’re thinking past the quarterly earnings report, that’s what cucks do. Line go up, mother fucker. Infinite growth, FTW, bitch!
/s
Yes, that’s the endgame of AI. Create a permanent underclass of quasi slaves doing anything just to stay alive and the upper class living in luxury bunkers celebrating while the world burns.
One billionaire once asked (this was before the AI boom): how can I make sure my servants don’t rebel in the luxury bunkers? AI might be their answer.
Yeah, some “doomsday prepper” consultant was asked, “how do I ensure my security doesn’t turn on my in a doomsday scenario,” the answer was “well, don’t have the doomsday scenario.”
well actually it would be universe 25 not elon musk infinite abundance it is instead infinite slavery. the lower iq eat it up as good for them and pump the stonk.
concrete truck doesn’t care how many explosive collars are inside bunker
that’s half of it, yes they’d like to funnel all wages to five silicon valley dipshits, but the very same dipshits believe that computer god that they will build, just dump another 20B dollars bro pls this time it’ll work out, will grant them immortality (many flavours here, brain uploading or cryonics or others) or limitless space colonization or some other piece of scifi setting that they read 30 years ago and missed the point of
For some odd reason, this description makes me think of some of the bad guys (e.g. Todd Pharo) from the Horizon games.
what trillion dollar problem is automation trying to solve?
❤️😘
