Comments by "k98killer" (@k98killer) on "The Singularity is canceled. Sorry! Here's why." video.

  1. I still struggle to see how a post labor world would function. Even when we have robots doing everything, there will be a finite supply of robotic labor available because there is a finite supply of raw materials necessary for building and maintaining robots. How do the proceeds from a robotic labor force get distributed? If it is not a free market, then supply and demand will be perpetually out of balance: there will be either a glut or a shortage of every good or service robotically produced. We could tax profits from robots at some extremely high percentage to redistribute, but then we destroy the incentive (and at exorbitant tax rates, even the capacity) to create capital and expand robotic production, so the robots would be consumed. There can be no economic solution that is centrally planned because the necessary information is impossible to collect in practice. Let's not forget that Sparta fizzled out after suffering from slave uprisings and social stagnation, so perhaps it is not a model we should regard as inspirational.
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  2. ​ @thematrixwillfindyou  not really a relevant addition to an economics discussion
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