What will the world be like in the future, when AI and societies come together as indivisible?

I can't help but wonder how our lives will change with AI becoming a fundamental part of it. What will happen when we spend more time interacting with an AI than with another human being?

It seemed like it was going to take longer before we reached this point, but here we are in 2023 and the possibilities seem endless. ChatGPT has been around for only two months, yet it has already passed some of the most complex tests out there.What will happen when people turn to an AI instead of a doctor? an AI architect? AI designer? AI chemist?

As AI continues to become more and more advanced, it's becoming increasingly clear that it will have a considerable impact on the workforce. With automation and AI taking over some of the roles traditionally done by humans, it could mean that fewer jobs are available.

AI vs Capitalism

This could have a significant effect on our current economic system, capitalism. We're already seeing it today as jobs are outsourced and automated processes are taken into account. It's possible that capitalism could become obsolete in the future, as AI and automation become the norm.

If capitalism becomes obsolete, then what will take its place? That's a difficult question to answer.

I'm not sure universal income would be the solution to all of our problems. Sure, it would provide some financial security, but would it really motivate people to strive for something more? We need to have something that rewards and encourages hard work and dedication. Otherwise, it would be difficult for people to stay motivated and driven to reach their goals.

Cover of Der Spiegel in 1964, 1978 and 2017. https://twitter.com/page_eco/status/932589547375837189

As I write this, I can't help but ponder the possibility that Artificial Intelligence may be the answer to all of the questions it generates.

What will be the consequences of this shift in our economy? How will it affect our daily lives? Will it increase inequality or provide a more equal opportunity for everyone?

Capitalism is an economic system where decisions are made by many people, rather than one person or group. This system has been successful in the past because it can quickly correct mistakes and return to equilibrium. However, with the development of Artificial Intelligence (AI), centralized economic systems may become more successful. This is because governments with access to a lot of data can use AI to predict market forces and make better decisions. If this happens, capitalism may become less successful and the economy may no longer experience downturns.

AI technology can make it easier for companies to become monopolies. AI needs data to work, and companies with more data can create better algorithms. This makes their products better, which attracts more customers, which gives them more data, which makes their products even better, and so on. This creates a cycle that can be hard to break.

As I contemplate the impact of AI on our capitalist societies, I can't help but to consider the potential of monopolization. Monopolization, while bad for capitalism, might be beneficial for AI models.

The Workforce

AI (artificial intelligence) and robots are replacing jobs, which could lead to social problems. Studies show that in the short term, more jobs will be created than eliminated, but in the long run, most jobs could be replaced. The new jobs will mostly require a lot of knowledge and training, so not everyone will be able to do them. This could create a class of people who are not needed in the economy, which could lead to resentment and social unrest.

After the Industrial Revolution, the wealthy became increasingly affluent while the working class remained impoverished. This prompted some to consider alternative solutions to help the working class, such as socialism and communism, which posed a threat to capitalism. People are now wondering how governments will respond to these changes. Will governments be able to manage the transition, or will people take matters into their own hands and form a new government that will ensure a better quality of life?

The Future of Capitalism and AI

It is highly improbable that the capitalist West will collapse, while Communist China becomes the dominant economy. Democracies, such as the United States, are typically more flexible in their approach to change and adaptation, which gives them a distinct advantage in remaining viable for extended periods of time. Moreover, the forecasts and predictions that are made about the future have the potential to shape the eventual outcome, which is why Karl Marx's theory of the death of capitalism and the triumph of the proletariat never came to fruition.

This is not to say, however, that the West will not experience a major political or economic transformation in the future, as history has proven that significant shifts in power and influence can occur when least expected. It is simply to suggest that the predictions that were made in the past may not necessarily be a reflection of what will come to pass in the future.

We need different groups of people (government, civil society, NGOs and corporations) to work together to save capitalism and create a new kind of society that works for the new era. Democracies are better at adapting and changing than dictatorships, so if we don't make changes to capitalism, new ideas and beliefs might take over.

AI has the potential to either weaken or strengthen capitalism. It could reduce the consumer market by making jobs obsolete, leading to increased unemployment and decreased purchasing power.

On the other hand, it could increase profits for companies by collecting data and controlling people's choices, potentially leading to more efficient production and more effective marketing.

These potential risks and benefits must be carefully considered in order to ensure that the use of AI is beneficial for all involved. We need to think about how to use AI to create a better economy and society, one which is not only profitable but also equitable and just. This means that the benefits of AI must be shared sensibly, and its use regulated so it is ethical and socially responsible. We must also consider the implications of AI on our society, from its potential to make certain jobs obsolete, to its vast potential for data exploitation.