(Edited because my previous reply was a bit off the mark.)
I don’t think this scenario depends on government. If AI is better at all jobs and can make more efficient use of all resources, “AI does all jobs and uses all resources” is the efficient market outcome. All that’s needed is that companies align their AIs to the company’s money interest, and people use and adapt AI in the pursuit of money interest. Which is what’s happening now.
A single AI taking dramatic transformative action seems less likely to me, because it’ll have to take place in a world already planted thick with AI and near-AI following money interests.
(Edited because my previous reply was a bit off the mark.)
I don’t think this scenario depends on government. If AI is better at all jobs and can make more efficient use of all resources, “AI does all jobs and uses all resources” is the efficient market outcome. All that’s needed is that companies align their AIs to the company’s money interest, and people use and adapt AI in the pursuit of money interest. Which is what’s happening now.
A single AI taking dramatic transformative action seems less likely to me, because it’ll have to take place in a world already planted thick with AI and near-AI following money interests.