Can our economic system ever adapt to AI? There’s a lot of reason to believe no.
When we automated agriculture, we moved workers to manufacturing. When we automated manufacturing, we moved workers to services. Even places like China and Vietnam are service economies now. Where do we throw people now that services will be automated? As far as I can tell we’re dont have a solution. To adapt to AI, we need major post-consumer restructuring of how capital is distributed. Its not something the free market can adapt to
This is what I believe as well. The post-AI economy will look absolutely nothing like what we have now. It’s not something you can achieve via policy changes. There are way too many vested interested and institutions we dont know how to ever get rid of peacefully.