A tiny AI-enabled elite at the top. A huge underclass below. That is the way it will be.
This is the way everything is now. Deflation? With trillions of dollars washing around and more to follow? The big companies will keep the profits themselves and never hand them down to consumers. Just like when factories moved to China but the product still cost the same. Levi's jeans are still expensive but are now made overseas. Instead of passing the savings on to the consumer, they kept it themselves.
As for Silicon Valley, they just have jobs for non-Americans and Congress has been happy to oblige them. Think AI will be any different?
Lastly, AI is a lot more hype than it really is. As they say, garbage in, garbage out. Look at Google's black Nazis for an example. Robots were also supposed to take over the workplace. Other than some specialized applications, usually something humans got incredibly bored doing, they never lived up to the hype.
I think Marc Andreessen stated it correctly when he said AI ultimately becomes the unseen control layer over society. It’s already in control of Wall Street trading and it sits on top of all social media. It’s swallowing up the defense industry and it already controls a large swath of manufacturing globally. In 5 years it will be the primary educational institution tool, and will have made significant inroads into science, medical and legal infrastructure. In the last 150 years the US has shifted from an agricultural economy to an industrial economy to a financialized service economy, each with an ever quicker adaptation requirement placed onto society, now the rate of change looks to go exponential.
The election of 2024 is what I would call a “Player Piano” moment in history as described in Kurt Vonnegut Jr.’s 1952 dystopian debut novel about a bifurcated world with elites, managers and engineers comprising the top echelons of the highly automated society and the large displaced masses, living a meaningless life. Like the key protagonist in the book, you eventually reach a fork in the road and a time for choosing, one path leads to human flourishing, the other to despair.
Technology Improves. Gov/State Impairs!. This has been the case over the centuries & will continue as long as Gov/State - always coercion-based - exists AND the larger it is, the more & worse Impairment it causes!
I think “AI” is overrated. It’s already becoming much harder to make it even incrementally better. It’s a trillion dollar solution to a billion dollar problem. And it’s still plagued with probably-insurmountable shortcomings, not the least of which is its annoying tendency to dress up nonsense in plausible-sounding English.
In my experience, you can’t rely on anything “AI” presents as fact, and it doesn’t perform well on simple logic or even arithmetic. Anything I have asked it to do that requires synthesis via logic has required me to check it carefully, requiring nearly as much time as doing the work myself.
I predict 1999 all over again — breathless hype followed by a rugged hangover when reality sinks in. With luck, they will do huge nuclear power buildouts before then, and have to turn themselves into electric utilities providing cheap power to consumers and industry.
The 80:20 rule applies. The current AI is the 80% of results with 20% effort. And horribly wasteful of resources. Expect things to improve gradually from here - and of course AI can improve AI...
Not likely. What happened to Detroit was the car manufacturers shortsightedly sold their employees down the river by moving manufacturing to China and other countries that enslave their citizens to rent them out as slave labor. Their premise was that they would reap all of the rewards. However, slaves are not cheap labor; they only seem cheap. American labor has become expensive because of unions, who siphon off most of the the increased labor costs. Of which, pensions are their cash cow. About 90% of which they siphoned off for themselves.
Further, the Democrat party joined in on the scam, buying the workers votes with pittances to the workers with legislation that gave unions leverage in exchange for workers' votes. Unions have been shills for Marxism, and Marxism has always enslaved the workers, convincing them that they will rule: Dictatorship of the Proletariat, and all that.
It was and is a giant shell game, which always benefits the gamemaster, yet continues to get suckers to play. The big paychecks and big pension funds add cost while reducing productivity, which gets passed on in higher prices, to the point that the workers cannot afford the cars that they produce. Now that their jobs and paychecks are gone, they are in worse shape when they made a fraction of what the unions got for them. The unions shifted their graft to Las Vegas and to other Mafia "businesses" so they are out nothing.
The manufacturers, meanwhile pay for international transportation and ever higher overhead to the slave owner companies, and have not been able to lower their prices nor increase their corporate profits. And, as always, the big gainers are governments. The manufacturers cannot repatriate operations because they would have to write off their foreign investments and rebuild their factories. Besides the U.S. labor force has lost whatever skills and work habits they had and couldn't be enticed to work again. They would never trust the manufacturers again. Besides, they have a residual anger about being betrayed that would inhibit their re-acclimation to the work.
And, to your point, AI is nowhere near being up to running a factory, and management skills have disappeared, too. The whole fiasco is an experiment gone horribly wrong. It is unsustainable and unbelievably expensive to reverse.
The whole point of distributed AI is that it is accessible to everyone. As with mobile phones - everyone will have AI in their pockets and know how to access and use it. It is inclusive technology, not exclusive to an elite. Of course, as with search engines, results can be manipulated, but open sources will be the counter balance. Once again the 1st Amendment is vital.
The 80:20 rule applies. The current AI is the 80% of results with 20% effort. And horribly wasteful of resources. Expect things to improve gradually from here - and of course AI can improve AI. China has already refactored their energy grid resulting in 30% saving in transmission costs nationwide.
"But when it hits in full I think we’re looking at something akin to the industrial revolution."
1st of all. AI is just intuitive software rebranded as "AI". "Garbage in, garbage out", still applies.
2nd. End the Fed.
3rd. "But when it hits in full I think we’re looking at something akin to the industrial revolution."
We're already well into the Information Revolution that has succeeded the Industrial Revolution.
I strongly suggest you familiarize yourself with the work of Rudolf Steiner and his warnings about the Ahrimanic deception. Because he predicted the entire AI canard in the early 1900's.
Unfortunately none of this occurs in a vacuum. The capacity of humans to want to inflict harm on other, individuals, groups, countries religions etc knows no bounds. AI will be become the latest, and perhaps last, incredible innovation to be converted into weaponry as humanity continues on its path of destruction. Instead of Detroit in the 70's - the futuristic scenes from "The Terminator" come to mind. One only has to look at the autonomous killer drones making their way onto the battlefield to see the future - and it's not an economic utopia...
Let's think about that. Could A/i usher in the great reset? This is where the masses (all but the top 2%) are re-jiggled and left with no debts, no ownership and a pitiful income that allows for extreme minimum survival (maybe). Meanwhile, Wall Street and the financial goliaths continue to gather up wealth and control 99% of it.
A/i will be your master, your judge, your jury and your executioner. Should you not act like a good little global slave, you will be eliminated. Your choices are simple; get mRNA injected to death, be starved to death or be outright murdered by military forces should you resit the NWO.
Yes, the deflation bomb will be the same as the depopulation bomb. Humanity is scheduled to be deflated by retarded A/i.
Technology was always supposed to lower prices.
The Fiat system was stood up to counter that, inflation was always the plan.
It led to rising rates for all the assets the elite owned.
It also provides an off-ramp for the giant debt load they have incurred, they can just debase the currency.
If they want to blame tariffs, or if they want to blame AI for the economic implosion that is going to happen in the next 12 months that's fine.
People who are paying attention know better.
Central Banks have been coordinating theft through intentional purchasing power transfer for more than 70 years.
Evil bastards.
More reasons they oppose the implementation of the FAIRtax and ditching tax on income and all the overt control that gives them.
A tiny AI-enabled elite at the top. A huge underclass below. That is the way it will be.
This is the way everything is now. Deflation? With trillions of dollars washing around and more to follow? The big companies will keep the profits themselves and never hand them down to consumers. Just like when factories moved to China but the product still cost the same. Levi's jeans are still expensive but are now made overseas. Instead of passing the savings on to the consumer, they kept it themselves.
As for Silicon Valley, they just have jobs for non-Americans and Congress has been happy to oblige them. Think AI will be any different?
Lastly, AI is a lot more hype than it really is. As they say, garbage in, garbage out. Look at Google's black Nazis for an example. Robots were also supposed to take over the workplace. Other than some specialized applications, usually something humans got incredibly bored doing, they never lived up to the hype.
I don't think that underclass will be all that huge.
I think Marc Andreessen stated it correctly when he said AI ultimately becomes the unseen control layer over society. It’s already in control of Wall Street trading and it sits on top of all social media. It’s swallowing up the defense industry and it already controls a large swath of manufacturing globally. In 5 years it will be the primary educational institution tool, and will have made significant inroads into science, medical and legal infrastructure. In the last 150 years the US has shifted from an agricultural economy to an industrial economy to a financialized service economy, each with an ever quicker adaptation requirement placed onto society, now the rate of change looks to go exponential.
The election of 2024 is what I would call a “Player Piano” moment in history as described in Kurt Vonnegut Jr.’s 1952 dystopian debut novel about a bifurcated world with elites, managers and engineers comprising the top echelons of the highly automated society and the large displaced masses, living a meaningless life. Like the key protagonist in the book, you eventually reach a fork in the road and a time for choosing, one path leads to human flourishing, the other to despair.
Technology Improves. Gov/State Impairs!. This has been the case over the centuries & will continue as long as Gov/State - always coercion-based - exists AND the larger it is, the more & worse Impairment it causes!
Hopefully we'll see a HUGE reduction in regulators and their regulations as Peter mentioned in a previous article.
I think “AI” is overrated. It’s already becoming much harder to make it even incrementally better. It’s a trillion dollar solution to a billion dollar problem. And it’s still plagued with probably-insurmountable shortcomings, not the least of which is its annoying tendency to dress up nonsense in plausible-sounding English.
In my experience, you can’t rely on anything “AI” presents as fact, and it doesn’t perform well on simple logic or even arithmetic. Anything I have asked it to do that requires synthesis via logic has required me to check it carefully, requiring nearly as much time as doing the work myself.
I predict 1999 all over again — breathless hype followed by a rugged hangover when reality sinks in. With luck, they will do huge nuclear power buildouts before then, and have to turn themselves into electric utilities providing cheap power to consumers and industry.
The 80:20 rule applies. The current AI is the 80% of results with 20% effort. And horribly wasteful of resources. Expect things to improve gradually from here - and of course AI can improve AI...
Will AI Cause Mass Deflation?
Not likely. What happened to Detroit was the car manufacturers shortsightedly sold their employees down the river by moving manufacturing to China and other countries that enslave their citizens to rent them out as slave labor. Their premise was that they would reap all of the rewards. However, slaves are not cheap labor; they only seem cheap. American labor has become expensive because of unions, who siphon off most of the the increased labor costs. Of which, pensions are their cash cow. About 90% of which they siphoned off for themselves.
Further, the Democrat party joined in on the scam, buying the workers votes with pittances to the workers with legislation that gave unions leverage in exchange for workers' votes. Unions have been shills for Marxism, and Marxism has always enslaved the workers, convincing them that they will rule: Dictatorship of the Proletariat, and all that.
It was and is a giant shell game, which always benefits the gamemaster, yet continues to get suckers to play. The big paychecks and big pension funds add cost while reducing productivity, which gets passed on in higher prices, to the point that the workers cannot afford the cars that they produce. Now that their jobs and paychecks are gone, they are in worse shape when they made a fraction of what the unions got for them. The unions shifted their graft to Las Vegas and to other Mafia "businesses" so they are out nothing.
The manufacturers, meanwhile pay for international transportation and ever higher overhead to the slave owner companies, and have not been able to lower their prices nor increase their corporate profits. And, as always, the big gainers are governments. The manufacturers cannot repatriate operations because they would have to write off their foreign investments and rebuild their factories. Besides the U.S. labor force has lost whatever skills and work habits they had and couldn't be enticed to work again. They would never trust the manufacturers again. Besides, they have a residual anger about being betrayed that would inhibit their re-acclimation to the work.
And, to your point, AI is nowhere near being up to running a factory, and management skills have disappeared, too. The whole fiasco is an experiment gone horribly wrong. It is unsustainable and unbelievably expensive to reverse.
Mises asked why a butler was paid more now than one of old, for doing the same job. The under-class idea is over-rated.
I watch a series of YouTube videos every evening to advance my learning. Your videos are almost always the first one I watch. I like the short form.
BTW - this triggers an even more compelling argument for ditching the IRS and income taxing and implementing the FAIRtax in its place.
The whole point of distributed AI is that it is accessible to everyone. As with mobile phones - everyone will have AI in their pockets and know how to access and use it. It is inclusive technology, not exclusive to an elite. Of course, as with search engines, results can be manipulated, but open sources will be the counter balance. Once again the 1st Amendment is vital.
Where is all the energy needed to power AI servers going to come from?
It will have to come from nuclear power.
The 80:20 rule applies. The current AI is the 80% of results with 20% effort. And horribly wasteful of resources. Expect things to improve gradually from here - and of course AI can improve AI. China has already refactored their energy grid resulting in 30% saving in transmission costs nationwide.
What about NGOs?
"But when it hits in full I think we’re looking at something akin to the industrial revolution."
1st of all. AI is just intuitive software rebranded as "AI". "Garbage in, garbage out", still applies.
2nd. End the Fed.
3rd. "But when it hits in full I think we’re looking at something akin to the industrial revolution."
We're already well into the Information Revolution that has succeeded the Industrial Revolution.
I strongly suggest you familiarize yourself with the work of Rudolf Steiner and his warnings about the Ahrimanic deception. Because he predicted the entire AI canard in the early 1900's.
Unfortunately none of this occurs in a vacuum. The capacity of humans to want to inflict harm on other, individuals, groups, countries religions etc knows no bounds. AI will be become the latest, and perhaps last, incredible innovation to be converted into weaponry as humanity continues on its path of destruction. Instead of Detroit in the 70's - the futuristic scenes from "The Terminator" come to mind. One only has to look at the autonomous killer drones making their way onto the battlefield to see the future - and it's not an economic utopia...
Let's think about that. Could A/i usher in the great reset? This is where the masses (all but the top 2%) are re-jiggled and left with no debts, no ownership and a pitiful income that allows for extreme minimum survival (maybe). Meanwhile, Wall Street and the financial goliaths continue to gather up wealth and control 99% of it.
A/i will be your master, your judge, your jury and your executioner. Should you not act like a good little global slave, you will be eliminated. Your choices are simple; get mRNA injected to death, be starved to death or be outright murdered by military forces should you resit the NWO.
Yes, the deflation bomb will be the same as the depopulation bomb. Humanity is scheduled to be deflated by retarded A/i.