Comments by "" (@diadetediotedio6918) on "If AI Takes All Of Our Jobs... Who's Going To Buy Everything?" video.

  1. It is surprising that a channel called "how money works" did not antecipated a fatal flaw in this reasoning. Money is not something given, it is not something that has intrinsic value, your points isolate the fundamental nature of how money flows and gets its value to a series of simplistic assumptions. Rich people cannot be the ones that will "buy everything while the poor usufruct from the free stuff" because rich people money don't come from thin air, rich people money comes from the people, the same people you said would be getting free stuff, buying their products. If things are free you literally removed the essential part of this, you removed the rich money. Without rich money you can't sell to rich people, and without you being able to sell to rich people the problem stays exactly the same, you did not answered the question in the first place and everything you said falls here. The games market is not an "example" of your theory, it is not because the purchases in games lack a very essential property that exists in real life economies, which is scarcity. The cost of letting people play free the games is absurdly lower than the cost of producing a good and giving it to people for free, and people don't play freely the games, free to play games are literally and absolutely known for having a whole bunch of ads on them, advertisement for what? Yeah, advertisement pays because it makes people <buy> products, and the advertisement helps to alleviate the costs of having those free to play servers. Without people buying products you don't have value in ads, you don't have value in letting people play for free (and that's why almost all free to play games have them in some form or another). The idea of UBI also don't solve the consumer problem (before someone try pointing this), this is not different than the flawed socialistic notion that you can decide for people "what they need", it is not a response to the organic production and distribution of resources in market based on the consumer needs, the own feedback of consumers would be permanently distorted with such a thing.
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