I think you recognize a fundamental problem and yet do not address it.
Superseding an entire industry consolidates the economic weight of that industry into a smaller, more captive market. A capitalist push towards post-scarcity won’t work because the capitalists will always be motivated to implement artificial scarcity to protect their profits. Look at the current cost of computer hardware for one example.
A revolution of some sort would still be needed to truly make a post-scarcity economy, otherwise the fruits of those innovations will remain limited to the hands of the few.
Not if the push in question reassigns the value itself. And since we’re subsuming, I’ll base it off current fintech: imagine a blockchain but instead of smart contracts you do inference and buy tokens. That’s what upcoming tech is trying to work out the mechanics of.
I think you recognize a fundamental problem and yet do not address it.
Superseding an entire industry consolidates the economic weight of that industry into a smaller, more captive market. A capitalist push towards post-scarcity won’t work because the capitalists will always be motivated to implement artificial scarcity to protect their profits. Look at the current cost of computer hardware for one example.
A revolution of some sort would still be needed to truly make a post-scarcity economy, otherwise the fruits of those innovations will remain limited to the hands of the few.
Not if the push in question reassigns the value itself. And since we’re subsuming, I’ll base it off current fintech: imagine a blockchain but instead of smart contracts you do inference and buy tokens. That’s what upcoming tech is trying to work out the mechanics of.