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stoffel- t1_j5n4aw9 wrote

Reply to comment by Carnage4freestuff in CEO pay has skyrocketed 1,460% since 1978: CEOs were paid 399 times as much as a typical worker in 2021 by sillychillly

Even if that’s true (which it’s not), the U.S. economy is still overwhelmingly dependent on individual consumers’ expenditures — 69-70% of US GDP, 12-15% of global GDP. If executives want to sustain their ability to make profits, they need to provide workers expendable capital. Gotta feed your sheep if you want to keep fleecing. Middle and lower classes tend to spend money when they have excess. Rich people don’t. This is not sustainable.

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Carnage4freestuff t1_j5n59s7 wrote

The economy does not run on consumption. This such a ridiculous statement it just shows how incredibly naive and trusting supposedly intelligent people can be. Once techno-capital can automate every human task and implement it's own automated security force, there will be no need for human consumption and no need for labor.

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stoffel- t1_j5n6u4t wrote

No need for humans at all in your dystopian scenario, apparently.
I cited one of a dozen sources that disagree with you about what percentage consumerism has and continues to contribute to the economy, but please feel free to call it ridiculous instead of bringing facts into the discussion. “Automation can” is not “has”, but you do you boo. Been fun, have a good one.

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Carnage4freestuff t1_j5n7bzw wrote

>No need for humans at all in your dystopian scenario, apparently.I cited one of a dozen sources that disagree with you about what percentage consumerism has and continues to contribute to the economy, but please feel free to call it ridiculous instead of bringing facts into the discussion. “Automation can” is not “has”, but you do you boo. Been fun, have a good one.

The people who own AI systems will not replace themselves. And they will have no fucking scruples about knifing the rest of humanity in the back if they can get away with it.

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