It is! According to most of the experts we have about a 20% chance that it will turn out badly for us. There's also the potential for great opportunities in it. I pray we have the collective wisdom and discipline to handle this properly.
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Just remember that profit rules, and the chase after it, has led us along on the garden path like blind mice. Just look how profit has destroyed this planet. Wisdom has been replaced by knowledge and the two can never be compared. So, I think that we are in for a rough time my friend.
But then again, maybe not, as one can never know what the morrow holds, and at least, we have hope.
Yes, that's been the pattern repeated since the Industrial Revolution. Profit over people (and the planet), every single time. I guess this time feels different because of the sheer gravity of the paradigm shift AI/robotics will cause. Without some kinds of guardrails and provisions like UBI a large portion of the population would simply starve and the world would devolve into complete Mad Max level chaos. Bernie mentioned the idea of corporations who will benefit from the increased productivity/profit to contribute a small portion of their profits to a UBI fund. We'll see if this happens or not. The time to set this up would be in the very beginning before companies get accustomed to making 10x more . I mean, what's the point of them making cogs and widgets if no one can afford them?
All that I can think of about this scenario is that many will land in the wastelands. Not only that, but the entire norm will no longer exist. You know how scared people are of change, and a small potion to a UBI fund will not go very far. Profit should not be a feature of these changes, but that is only wishful thinking. For instance, Microsoft is cancelling the free licences for Non-profits, and I have the feeling that profit is the motive. The famous word of "restructuring" was mentioned.
We certainly live in some interesting times Eric.
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