There wouldn’t be enough rich people to buy all the excess that gets produced. Even if you’re a trillionaire there’s only so many phones/cars/shoes/watches etc. that you want to buy.
Comment on If AI Takes All Of Our Jobs... Who's Going To Buy Everything? | How Money Works (12:58)
acosmichippo@lemmy.world 4 months ago
rich people. they won’t need us anymore.
Thorny_Insight@lemm.ee 4 months ago
acosmichippo@lemmy.world 4 months ago
There wouldn’t be enough rich people to buy all the excess that gets produced.
why would there need to be excess? they simply reduce production.
Thorny_Insight@lemm.ee 4 months ago
You don’t get rich by producing and selling 2000 iPhones
acosmichippo@lemmy.world 4 months ago
they don’t need to “become” rich. they ARE rich already, and when we are gone it’ll be a totally different world economy. It’ll be a billionaire utopia where money has essentially no meaning anymore.
CaptainSpaceman@lemmy.world 4 months ago
The Eloi will still require a handful of Morlocks to oversee the drone workers