If that ever happens I see three possible options:

• Universal Basic Income
• Communism (money is abolished)
• Societal collapse

AI was never the point. It was never going to replace the workforce, that was just a ruse to get enterprise on board; just like “LLMs will tell you any facts and do any research you want to know. It can create computer programs to automate anything you want. Image generators can make any movie or picture you want (even porn lol). Song generators can make entire albums for you.” was to sell it to rubes.

The real point is building out the cloud capacity so they no longer have to sell personal computers to anyone anymore.

It interferes with their profits when you can pirate, when you can create, when you can organize.

They will own the means of compute and you will rent the privilege of participating in society.

Question:
How is Big Oil™ going to make a profit when the world is ruined and the population are dead?

Answer:
Lol, don't care. That's someone else's problem.

Already, most of the economic growth comes from the purchases of the wealthy.

Normal people aren't profitable enough to sell to anymore. We're being positioned not as consumers but as slave labor.

Sounds like a problem for someone else / some other day.

• them

Once the military and its supply chain is automated, the class genocide can begin.

The capitalists are far, far beyond forgetting how capitalism... works.

Just... Henry Ford, pay your employees enough that wow you've grown your consumer base!

This is like macroecon 101 shit.

So, theyre either ravenously delusionally insane, or, they're openly declaring themselves the new nobility/aristocracy for the neo-feudalism we now live in.

... or both. Could be both.

Of all the jobs, CEO is probably one of the easiest jobs for an AI to replace. AI is excellent at being heartless, gaslighting shareholder, and telling people what they want to hear.

They aren't looking far enough ahead to care.

Absolutely you can sell the fruits of AI labour to unemployed people. Give them a universal basic income and a product worth spending that resource on and you can keep your 1% profit while the rest is taxed to support the citizens economy. You'll still be the richest man alive

SELL THEIR PRODUCTS TO WHO, BEN? FUCKING CYBORG?

Everything is rich people selling to rich people now. Vegas, video games, PC components—everything. That’s the inevitable outcome of all of this. And then these assholes complain when the working class tighten their purse strings for their own survival.

They can sell to each other and centralize luxury and technology in their circle.

Mega corpos don't need poor consumers.

Edit:

Corpos want deregulation, monopolistic/cartelic market position, unaffordability for average people for education and technology.

If the answer is a mass die-back of the bulk of the population who constituted the now economically unnecessary labour class, where will the genetic diversity come from to prevent the handful of owning families (and the retinues of explosive-collared servants they retained for tasks that can’t be automated) from speedrunning Habsburg Syndrome? They’d need some kind of biodiversity preserve in which sufficiently large numbers of people are kept alive to provide suitable candidates for outbreeding, and some means of ensuring that this captive population never poses a threat.

Musk made a comment when cornered on this subject a few weeks back, he didn't have an answer because he's an idiot, but he did mention a book. I think that's the book they've all read, that presents what they expect to happen. And, I expect is hand-waving bullshit.

I can't find the post. Does anyone remember what book he referenced?

EDIT: Maybe this was it:

On X, formerly Twitter, he wrote: “Read this book and give it to all your friends.

“Survival of civilization depends on it!”

The book in question is titled Suicidal Empathy: Dying to Be Kind by Gad Saad.

The explanation on Amazon reads: “What happens when a society elevates victimhood to a virtue and decides that punishment is cruel? You get the disease Dr. Gad Saad calls suicidal empathy. And the West may be terminally infected… The results are everywhere: from coddling violent criminals to protecting rapists to branding self-defense as toxic behavior. We are witnessing a civilization in rapid decline.

“Lunatic policies are instituted because we prioritize the feelings of ostensibly marginalized groups over The Truth, criminals over victims, and squatters over homeowners. This is not humane; it’s an active dismantling of the pillars that keep us safe and free.”

Heard that CEO tenure is historically lower than it's ever been. So their response is, "sounds like the other guy's problem..."

Kind of seems like that's part of the problem? But what do I know, I'm just a toddler that stole Mommy's phone and typed this quickly before she found me and 6&__++3GFd GGG vgggvfh42467!:"hhhghgjjj!!!!!!!!!!

If they replaced CEOs with AI the AI CEO would be smart enough to figure this out.

Other corporations.

Capitalism is cannibalisitic. left unchecked it will destroy itself, the planet and everything else with it.

Public corps are incapable of macro action. They can't see past their next few sets of financial statements.

Their incentives are all fucked up for one thing, the way they do comp. But it's not just that. It's the tragedy of the commons on a more massive scale.

The point isn't to sell, it's to control

You forgot the part where we're all dead and they're using AI to run everything.

They don't care about selling to people who don't have money. They are only focused on those who have money, or spend it as if they have money. The demographic that has money is shrinking, but they also have more money than ever, so let's get some.

That's someone else's problem. They only care about making money this quarter

Same as if all of civilization collapses because of climate change caused by global warming. It's someone else's problem, they're just making money for themselves right now. Consequences are for the government that only suckers pay taxes into.

Absolutely, but that's not something you fix at company level.

Am I the only one old enough to remember when we still had homemade products competing with chinese cheap products on the shelves? Consumers picked the Chinese version over and over, until the local plant shut down (or was delocalized in China…).

You could have had exactly the same speech about CEOs at the time: if your market is western consumers (at the time, China was not yet rich enough to have a significant local demand), who are you going to sell to when everyone has lost their job because of delocalization?

Answer is indeed: that's not my problem to solve. It's a systematic issue, it should be addressed through regulation.

CEO's job is not to address that, it's too maximize values for shareholders. If laying off everyone and use AI does that, then executing is just them doing their job right. If regulation bans or adds a high enough penalty on such a move, they won't do it.

https://en.wikipedia.org/wiki/Tragedy_of_the_commons

The tragedy of the commons is the idea that when a resource is shared and can benefit the individual at a cost to the community, it is rational for the individual to overuse the resource, even though this collectively leads to the depletion of the resource for everyone