Next step in the capitalism game; own the people.
Greentext
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Climate change has made large parts of the Earth uninhabitable.
Now civilization is collapsing and the remaining humans are fighting for their very survival.
Now the companies that destroyed the world have neither raw materials nor anyone to produce or buy their useless products.
What is their plan to make money if there is no longer any social order and therefore no trust in currencies?
Well at that point they will all go into their big luxury bunkers. They haven't really thought further than that, presumably they think that the world will recover if they stay down there for long enough. I assume they think they're immortal or have cryogenic freezes, I don't think there is much of a real plan there.
if ai replaces all jobs then there is no need to have money since everything will be available in abundance
Replacing all jobs won't create true abundance because the resources required to create things are finite, namely land and space in general. Without labour exchange the ones controlling the land have no reason to produce things for the average person who cannot provide them with anything in return. For a world with true abundance we'd need to eradicate greed, which I just can't see happening.
I see that 4chan has got as far as recognising the dichotomy between short-term and long-term gratification. They are evolving faster than I thought possible. Perhaps by 2050 they'll have advanced as far as common courtesy. Well you never know.
Money is being printed 24/7.
The plan is billionaires sell to each other
Tax any form of automation, be it software or hardware, and pay everyone a universal income from it.
If AGI revolution happens at the hands of tech bros, the same people who have been advocating more kids will suddenly start saying less kids.
It's like when horses were replaced by automobiles. the economy kept going, just maybe with more glue and less oats.
Looks like someone is about to discover capitalist crises.
Remember the hype about 3D tv’s? That’s AI now.
They just have all the money, and charge you to extract infinite interest on all the assets they now control.
VC is buying up as much water rights and housing as it can by the way.
Just an unrelated detail.