Mastodawn

The bridge to wealth is being pulled up with AI

https://danielhomola.com/m%20&%20e/ai/your-bridge-to-wealth-is-being-pulled-up/

Your bridge to wealth is being pulled up

For two centuries, the credential system gave intelligence a route to heritable capital. Artificial intelligence is closing that route. This essay builds the argument from first principles - with probability theory, interactive simulations, and a prediction specific enough to be falsifiable - and puts a number on the window that remains.

Daniel Homola

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cglan Mar 24

The future (if we keep using money to allocate resources) is something akin to feudalism but worse. If you are born at the bottom you will never rise to the top. It's bleak. Even worse, your labor will not be needed, nor will your intellectual abilities. There will be a few well off people with capital. The data centers will be guarded by automatons and drones. Everyone else will essentially live in a parallel economy that is borderline biblical. Countries like this already exist in the form of countries with excess access to a single natural resource. See the https://en.wikipedia.org/wiki/Resource_curse

Resource curse - Wikipedia

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CalRobert

The parallel economy could even kinda sorta work except that we made frontier living largely illegal in many places (though I understand you probably could get some cheap land in e.g. Idaho and try to live off it) and the existence of said parallel society represents a clear challenge to capital owners who say trading your labour for their profit is the most sensible way to live.