If energy costs drop 90%+, which they could and should, the whole world changes. That's what 'they' have been suppressing, in order to enslave mankind.
Also medical cures made available, sound money, destruction of monopolies, etc. Any one of those would change the world as well.
What if all those things happened?
He is forgetting one thing tho. There will always need to be 'money', ie a medium of exchange, to deal with the resources that will always be scarce...
Our technological abilities are not apparent because we have chosen not to employ them in our daily lives. We believe that when you create a machine to do the work of a man, you take something away from the man.
This Star Trek Insurrection quote seems appropriate for this discussion.
I think Musk does have a point but I don't believe it is exactly how he is portraying it in the clip.
Most of the costs of anything all trace back to labour costs. We think gold is expensive but, in reality, it is entirely free. The costs are incurred because it needs to be found, dug up, and turned into solid lumps. It is the labour to do that that costs the money.
Same with fossil fuels. They are just as free as sunlight and wind but to convert them into useful energy takes labour and that is where the costs are.
The nearest thing to a problem will be food. You cannot grow more corn just by assigning more people to the job. Currently, you also need more land and that is a finite resource on Earth, albeit it quite a large one.
They're talking about taking away our purpose for even being here in the first place. And I'm 100% against it. What Elon is talking about in this video goes against God. It goes against every fundamental reason for our existence.
Maybe I'm exaggerating a little bit, but that's that's my read on it.
You could have made the same point during the industrial revolution - and you would have been wrong. Ditto industrialised agriculture, or the internal combustion engine, or computer chips and the internet.
Gigantic supply chains, transport and logistics, and industrial bases to produce just a single one of these end-units no matter how magical they might be.. just doesn't scale out.
I think his point is that we are approaching a time when the technology (AI and robots) is capable of self- replication and self-improvement we will cross a threshold where money no longer has meaning. In this way it is fundamentally different from other technology advances.
Its not just money. Remember from our econ 101 class?
Our who economic system is built on top of the idea of free markets
What is free market? Free market is the most efficient allocation of scarce resources
What about Supply Demand curve? It only applies when the commodity in question is built using scarce resources
When God created Earth and told Adam "Go forth and multiply", it was a world of abundance. The opposite of scarce.
Once we finally realise what happens to this abundance and how we dont have scarcity of resources, the entire economic model - even theoratical - becomes obsolete.
If energy costs drop 90%+, which they could and should, the whole world changes. That's what 'they' have been suppressing, in order to enslave mankind.
Also medical cures made available, sound money, destruction of monopolies, etc. Any one of those would change the world as well.
What if all those things happened?
He is forgetting one thing tho. There will always need to be 'money', ie a medium of exchange, to deal with the resources that will always be scarce...
Human effort, skills, talent, etc.
Star Trek bounced between there being money and no money.
This Star Trek Insurrection quote seems appropriate for this discussion.
A great quote and I heartily agree with it. Idle hands and all that
I dont buy it.
Yeah. So Elon won't be selling/ making a profit on his humanoid robots?
Good one! 😆
I think Musk does have a point but I don't believe it is exactly how he is portraying it in the clip.
Most of the costs of anything all trace back to labour costs. We think gold is expensive but, in reality, it is entirely free. The costs are incurred because it needs to be found, dug up, and turned into solid lumps. It is the labour to do that that costs the money.
Same with fossil fuels. They are just as free as sunlight and wind but to convert them into useful energy takes labour and that is where the costs are.
The nearest thing to a problem will be food. You cannot grow more corn just by assigning more people to the job. Currently, you also need more land and that is a finite resource on Earth, albeit it quite a large one.
Is it me, or does this video appear as clipped together mash?
They're talking about taking away our purpose for even being here in the first place. And I'm 100% against it. What Elon is talking about in this video goes against God. It goes against every fundamental reason for our existence.
Maybe I'm exaggerating a little bit, but that's that's my read on it.
If you live in a world of artificial scarcity and that illusion is shattered, do you need humanoid robots? Or, money?
You could have made the same point during the industrial revolution - and you would have been wrong. Ditto industrialised agriculture, or the internal combustion engine, or computer chips and the internet.
Gigantic supply chains, transport and logistics, and industrial bases to produce just a single one of these end-units no matter how magical they might be.. just doesn't scale out.
I think his point is that we are approaching a time when the technology (AI and robots) is capable of self- replication and self-improvement we will cross a threshold where money no longer has meaning. In this way it is fundamentally different from other technology advances.
"The Player of Games" by Ian Banks is another good read about a universe like that.
Looking forward to the sexbots with optional house chores and culinary skills upgrades.
In fact, if I could just get a robot with the latter half, I'd pay good money for one today.
Its not just money. Remember from our econ 101 class?
Our who economic system is built on top of the idea of free markets
What is free market? Free market is the most efficient allocation of scarce resources
What about Supply Demand curve? It only applies when the commodity in question is built using scarce resources
When God created Earth and told Adam "Go forth and multiply", it was a world of abundance. The opposite of scarce.
Once we finally realise what happens to this abundance and how we dont have scarcity of resources, the entire economic model - even theoratical - becomes obsolete.
Guess what else you won’t need? Us mucking up the place!
Buy and hold bitcoin now or you will be broke in the future. This IS financial advice. You’re welcome.