Ok, not utopia per se but a post-scarcity-ish economy where people have their basic needs—food, shelter, healthcare—met virtually automatically. A world where, sure, maybe you have to earn money for certain very scarce luxuries like a tropical island trip, jewelry, nightly wagyu steak dinners, or a penthouse overlooking Central Park, but you get enough basic income to eat healthily and decently every day, have a modest but comfortable home, and not stress out about going to the hospital — and then you can choose if you want to work to earn money to buy additional luxuries or just spend your time to do sports, make art or music, pursue an academic interest, counsel or mentor others in your community, or devote yourself to nature conservation.

I want to get this conversation rolling regularly because it's evident that we're on a cusp of a new economic era — one where AI and automation could free us from a lot of menial physical and intellectual labor and the pretense that everyone has to work to earn their continued existence. It's evident that not everyone has to work. If anything, our economy could be more efficient if incompetent or unmotivated folks just stayed at home and got out of other people's way. I think we all know someone who stays in a job because they need it but are actually a net negative on the organization.

It's an open-ended topic, and there's a lot to talk about in this series—like, how would we distribute the fruits of automation? How would we politically achieve those mechanisms of distribution? What does partially automated healthcare look like?—but I think it'd be good to first talk about current economic inefficiencies that should and could be automated away.

I often engage in thoughtful discussions with my friends regarding our current socio-economic situation, and I find it challenging to discover a more fitting description than the term coined for it.

Wherever I direct my attention, I observe life increasingly being shaped by the well-oiled machinery of capitalism, a system devoid of inherent morals and existing solely to maximize profits for its shareholders.

To me, the notion of "late stage" capitalism implies a bleak future fueled by the insatiable demand for constant and unsustainable growth. This, in turn, hampers our ability to effectively plan for the future, as investors prioritize immediate gains. Consequently, our planet suffers the repercussions through climate change and the exacerbation of wealth inequality.

Moreover, the ruling of FEC vs Citizens United, wherein corporations were granted the ability to lobby as individuals, seems to have unleashed a relentless flywheel that perpetuates and nourishes the insatiable beast of capitalism and greed.

I am genuinely intrigued by the perspectives of others on this topic. If we collectively recognize that we are heading in an unfavorable direction, what steps can we take to regain a more positive trajectory? How can we incentivize prioritizing moral values and environmental impact over monetary gains?

(Yes, I know "socialism" and "capitalism" are vague terms, hence why you should probably very much clarify what type of "socialist" system you want, since "socialism" can be anything from market socialism, Marxism-Leninism, Syndicalism, democratic socialism, Trotskyism, anarcho-socialism, anarcho-communism, Luxemburgism, etc. Also, I'm a far cry from informed in this, so please correct me when needed.)

So anyway, if you call yourself a socialist or at least want to abolish capitalism, why?

So for the best reasons I have seen are:

• Capitalism is inherently hierarchical and incompatible with democracy, which is egalitarian.

Obviously not all types of socialism (I.E, most types of socialism that have been tried for more than a few years because they weren't overthrown or voted out) are egalitarian however and many of these systems are completely centralized.

• Big companies will naturally use the state to their own advantage, as capitalism is driven by self interest instead of any vague marker of "competition".

The main argument against this is that you definitely regulate capitalism to be more competitive with stuff like antitrust without abolishing the whole thing.

I was having a conversation with a friend today about the economics of art and the potential cost of purchasing an idea. It got me thinking, what are some other things relatively cheap to create but expensive to purchase?

link to the source Tweet

Things that happen in Silicon Valley and also the Soviet Union:

• waiting years to receive a car you ordered, to find that it's of poor workmanship and quality
• promises of colonizing the solar system while you toil in drudgery day in, day out
• living five adults to a two room apartment - being told you are constructing utopia while the system crumbles around you
• 'totally not illegal taxi' taxis by private citizens moonlighting to make ends meet - everything slaved to the needs of the military-industrial complex
• mandatory workplace political education - productivity largely falsified to satisfy appearance of sponsoring elites
• deviation from mainstream narrative carries heavy social and political consequences - networked computers exist but they're really bad
• Henry Kissinger visits sometimes for some reason
• elite power struggles result in massive collateral damage, sometimes purges - failures are bizarrely upheld as triumphs
• otherwise extremely intelligent people just turning the crank because it's the only way to get ahead
• the plight of the working class is discussed mainly by people who do no work
• the United States as a whole is depicted as evil by default
• the currency most people are talking about is fake and worthless
• the economy is centrally planned, using opaque algorithms not fully understood by their users

With the incredible pace of automation and AI taking place across all sectors of our Global Economy, countries/governments/citizens need to start seriously thinking about how we can continue to survive when there are simply not enough jobs to be had. UBI is one option that countries have attempted to "beta test" with varying results. What is ~'s[sic] opinion on UBI and automation and AI "taking our jerbs"?