The End of Capitalism May Arrive with AI
How Capitalism Works
Humans produce -> receive wages -> use those wages to buy other people's products
If AI succeeds, this chain will become:
AI produces -> companies earn profits -> a small number of capital owners accumulate excess profits
Labor income will decrease sharply and shift toward the capital income of AI companies
Under the principles of capitalism, ten thousand workers earn wage income and spend most of it on consumption,
but AI and robots do not consume.
Even so, the small number of capital owners who possess the means of production (AI and robots)
cannot buy as much food as ten thousand workers, nor can they purchase enough goods to spend on leisure and services
This is a self-evident future that even a five-year-old could understand
So, will it be that
new industries are created and the overall economic pie grows?
Just as private property emerged, Neolithic and Iron Age tools developed, and revolutions in the means of production occurred during the Industrial Revolution,
and just as technology has evolved to derive the tertiary and quaternary industries as it has done until now?
However,
No matter what industries are created or what economic scale expands in the AI era, the supplier (labor) will be AI and robots, not humans.
Human workers cannot outperform the productivity of AI and robots in any field.
The fact that human labor is no longer required
is the fundamental difference from the development of the means of production seen in the Industrial Revolution...
I feel that the collapse of capitalism will not come from communism, which was a naive fantasy relying on human goodwill,
but rather with the arrival of the AI era.
It seems we will witness a world where the familiar systems and common sense we have known and lived by are ruthlessly shattered.
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