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Friday, May 19, 2023

What Will We Do When AI & Robots Do Everything?

What Will We Do When AI & Robots Do Everything? 

We will live, that's what we'll do.  Maybe we will finally learn that our value lies not in what we produce but in who we are.  But I tend to think in terms of the end game and I fear that with their already overbearing influence, the most powerful people and companies will do anything they can to continue owning the means of production, to accelerate their hoarding:  AI and robots.  If, on the other hand, the current wealth hoarders can become, or be replaced by, altruistic humans, I'm sure they would choose to ensure that everyone and every thing on Earth can live a gratifying life.

Here are some numbers:

  • Total GDP, end of 2022 was $25.46 Trillion
  • The top five companies (used to be FAANG, now it's SAAMA-see below) have a combined market cap of about $10 tril.

    I know, those are measurements of different things, cash flow versus asset value.  But how difficult would it be for 5, or fewer, of the largest companies to dominate AI & robotics?
Here's the thing about hoarders.  Logic, ethics, shame, distraction, rewards, none of those tactics cure hoarders.  Usually it takes coercion.  We need to empower again the referees in our economy, and our society, to not only prevent the above hoarders from getting larger but to shrink their hoard.  Great wealth does not necessarily correlate with great wisdom.  In fact, they're mutually exclusive.


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