stupendousman t1_isf7iix wrote
Reply to comment by AdditionalPizza in We've all heard the trope that to be a billionaire you essentially have to be a sociopath; Could we cure that? Is there hope? by AdditionalPizza
> Haha, yes I'm well aware of how that works. But they simply use their stocks as collateral to obtain essentially unlimited cash flow through loans anyway.
So? Other people are loaning them the money.
> then the market share from the companies could be used to fuel prosperity for all, instead of prosperity for some.
Translation: monkey's throwing rocks at a high pressure boiler.
>This would be the beginning of the end for capitalism.
Mystical nonsense.
The end of capitalism just means state control, infringing upon fundamental rights.
>to whatever proves superior in an unemployed world with AI doing the heavy lifting.
Mises wrote the economic calculation problem in 1920, and people still don't understand it. It's not that complex, the issue isn't calculation but not having the data to calculate. Not hard to get, not different methods to get, it's impossible to get without markets generating price information.
AdditionalPizza OP t1_isfdc6r wrote
Ok. Then capitalism will remain through transformative AI, only the powerful and rich will have access to AGI and later ASI. And they can go live in their mystical future, the rest of us can start from scratch or die.
I get it, you like capitalism.
stupendousman t1_isfkixn wrote
> Then capitalism will remain through transformative AI
Capitalism isn't a political ideology, it is not some centralized rule set. You're forcing the concept into your political framework.
Capitalism is the lack of the political. Like atheism is the lack of religion.
>only the powerful and rich will have access to AGI and later ASI.
Again, no. AI will exist as part of an intelligence explosion. AI will be everywhere. The individual will have their own AI, mostly likely multiple ones at different intelligence levels.
Again, you're forcing all these concepts through your centralized political authority framework.
If there a hard take off from an ASI it's all moot anyway.
>the rest of us can start from scratch or die.
No, capitalism is a situation where you don't have to associate if you don't want to.
There is no reason that you and others can't interact in your own markets. Again, don't push everything through a central control paradigm.
>I get it, you like capitalism.
Yes, I like it when people don't aggress against me.
You do to, you want to be treated according the ethical framework which supports capitalism: Self-ownership and derived rights, freedom of association, self-defense, and property rights.
You, like many, aren't thinking clearly about these things. You're uneasy, constantly pushed and pulled by state manipulation. But if you take a step back, consider how you'd like to be treated, apply it universally you'll see how this is the best, most ethical path forward.
AdditionalPizza OP t1_isfscof wrote
Man, you are coming in with assumptions about a lot of things I didn't say or imply. I'm sorry I don't have a rebuttal to discuss, I'm not sure where this debate went.
stupendousman t1_isfx3je wrote
> about a lot of things I didn't say or imply.
Your assertions require the implications.
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