The AI boom has turned the standard profit margin model on its head, according to Apollo Chief Economist Torsten Slok—and it’s making the industry’s growth unsustainable.
UBI has been demonstrated to work in test environments that were not able to isolate all externalities. It might work at scale, but that isn’t testable currently; you’d have to have a massive social experiment.
There’s also the problem that UBI would be putting everyone’s entire means for subsistence up to the whims of the government, which I would think would horrify more people. I dont trust my government to fill the potholes, let alone make sure I’m surviving and thriving.
That’s a false dichotomy. I would rather have my subsistence at the whims of the entirety of the country’s economic activity than any government, which is one election away from changing its mind about how much to pay me. Markets are constrained by their environment. If my employer cuts my pay, I can leave and go elsewhere.
The billionaires are responsible for the fact we’re even talking about needing alternative economic systems in the first place. They and the governments are the same people, or at least their representatives.
UBI has been demonstrated to work in test environments that were not able to isolate all externalities. It might work at scale, but that isn’t testable currently; you’d have to have a massive social experiment.
There’s also the problem that UBI would be putting everyone’s entire means for subsistence up to the whims of the government, which I would think would horrify more people. I dont trust my government to fill the potholes, let alone make sure I’m surviving and thriving.
Your government and mine may be different.
I’d rather have my subsistence at the whims of the government than at the whims of a billionaire business owner.
That’s a false dichotomy. I would rather have my subsistence at the whims of the entirety of the country’s economic activity than any government, which is one election away from changing its mind about how much to pay me. Markets are constrained by their environment. If my employer cuts my pay, I can leave and go elsewhere.
The billionaires are responsible for the fact we’re even talking about needing alternative economic systems in the first place. They and the governments are the same people, or at least their representatives.
Ok, how do we organize that in an equitable manner?
Isn’t that more-or-less what a government is supposed to be?
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I hope you guys can accomplish that before they permanently destroy your country (and mine, as your president has threatened to do multiple times).