AI Is Creating “Doom Loops” All Over the Economy: The AI industry is destroying its own incentive structure.

When AI removes the need for so many jobs and people can’t afford purchases and the economy collapses (again), how will the world’s governments act? I can’t see the US ever introducing universal basic income and the vast majority of countries simply can’t afford it. I think AI might be one of those moments where it seemed like a great idea in the zeitgeist, but in retrospect, they just didnt plan for it, because all they wanted to do was just make as much money as possible. The current crop of James Bond baddies at the top of the ladder are happy to see the world burn, because they won’t be around to give a shit when it all comes crashing down.

They’ll be around for it, but they’ll be insulated from it because they have more money than God.

All the money in the world cannot render someone immune to kinetic energy

it can, if it buys you a wall o flesh.

Better be paying those security forces top notch pay.

In Douglas Rushkoff’s “Survival of the Richest”, originally published on Medium on July 5, 2018, with the subtitle “The wealthy are plotting to leave us behind.”, Rushkoff describes accepting an unusually well-paid invitation to speak about “the future of technology” at a luxurious private resort. He expected roughly 100 investment bankers, but instead found himself sitting at a table with five extremely wealthy men from the hedge-fund world. Their questions shifted from cryptocurrency to whether New Zealand or Alaska would be safer during a collapse—and then to their bunkers.

A brokerage-house CEO who had nearly finished building an underground bunker asked, “How do I maintain authority over my security force after the event?”

By “the event,” they meant a catastrophe such as environmental collapse, social unrest, nuclear disaster, or an unstoppable virus. They worried that money would become worthless and their armed guards might take over. Rushkoff recounts them discussing combination locks on food supplies, disciplinary collars for guards, and robot security. His response was to treat their security personnel well and build relationships rather than rely on coercion.

They didn’t like that answer.

…rushkoff.com/…/1094-survival-of-the-richest.html theguardian.com/…/super-rich-prepper-bunkers-apoc…