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This is what I find fascinating about capitalism. It builds on the premise of increasing profit by increasing efficiency and quantity. With that mindset we should strive to improve efficiency until no one needs to work and everything is automated and autonomous, no? That would be the peak of efficiency? But then how would people pay for the products being produced? They cant, it needs to be free, since no one has a salary because theyre not working. But then the CEOs wouldnt make money. So theres no incentive unless your goal is not monetary but to improve the ultimate wellbeing of humanity. Its inherently a flawed concept since the main incentive is monetary, yet we refuse to accept what must be the ultimate goal to be able to keep power above others.
And yes, i know this is very simplified. But still explain to me why we do mass layoffs in favor of AI slop if the incentive is not entirely monetary and for the sake efficiency and or cutting costs. Explain how and who will survive the further we go along? Capitalism at its core makes the rich the survivors. There wont be infinite recursions of 10x productivity revolutions because the workers will die off in the process.