I've said it before and I'll say it again. Businesses operate on three timescales. Monthly, quarterly and annually. Anything beyond that they're not even thinking about.

When a company talks about long term strategy you can ignore everything they say after. It means nothing.

So AI can make them more money in the short term. They don't understand the problem even if it's right in front of them.

They don't have a plan. It's pigs at the trough.

Answer. They don't fucking have a plan. At all.

You pay me $10 to punch you in the face. I pay you $10 to kick me in the balls. We just increased our country's GDP by $20.

I heard recently this summary:

The US economy depends on two things:

• Steady growth in available jobs
• The bet on AI eventually pay off and replace all jobs with AI.

My 401k has gotten up into the 5 digit range a couple times, but emergencies have required me to to drain it. Retirement is a dream I rarely harbor.

I'm working until the day I die. My mother fancies herself retired and rots away in a house she imagines she owns, but it has been property of the bank since before I was born in the 80s. A mortgage that was essentially renting with extra steps.

I'm just whining now, so I'll stop.

Have you ever met Capitalism™ ? The guy doesn't really do long term plans

It is all a con. There is no endgame. They aren't thinking that far ahead. And when the reality hits them it will land on them like a cartoon piano. They'll never see it coming.

You forgot they're also whining about declining birth rate, and begging people to have more kids.

People tend to forget how cheap gasoline is and how abundant glass bottles and rags are.

Sell to other billionaires ad nauseum. Let the rest of humanity starve. The usual kings and peasants model

Short term profit.

I think they plan to just sell yachts to each other at the oligarch level.

the short-term plan is to slurp up all the stuff while they can. The long term plan is that there is no place for plebs in the automated future. The unwritten prologue to their sci-fi adventure is us commoners being abandoned to starve on a poisoned and resource-depleted mud ball as the intrepid billionaires go off to explore the cosmos with their robot pals.

I'm guessing they will lobby th government to give out credits. They will then trade materials with each other, allow the masses to just starve and die off. They don't actually want money, they want absolute power.

They only need us to make stuff. Once we are redundant, they won't care about selling (to us)

It's UBI, and no, UBI is not a real socialist plan. It keeps the rest of us poor with little possibility of social mobility.

Getting rid of money and having a heavily stratified society with the current wealthy at the top. Like a cheesy SciFi premise but realized here to live in.

if ai replaces all jobs then there is no need to have money since everything will be available in abundance

Slavery.

Climate change has made large parts of the Earth uninhabitable.

Now civilization is collapsing and the remaining humans are fighting for their very survival.

Now the companies that destroyed the world have neither raw materials nor anyone to produce or buy their useless products.

What is their plan to make money if there is no longer any social order and therefore no trust in currencies?

Scrub the palace floors... Fight amongst ourselves.... Froth at the mouth about the scapegoats they've chosen for us...

Edit to add: I should probably recommend State Lottery by Propagandhi, from which I lovingly stole these lines.

The wealth doesn't disappear, it just ends up concentrated.

Goods and services will just be something most people will no longer be able to afford, and they go into poverty. Business will reconfigure to support the lifestyles of the very rich at prices only they can afford, because that's where the money has gone.

Things will get so expensive, people will have to sell their assets (i.e. house) to be able to resist poverty. People without assets won't even get that parachute.

If we don't reverse this concentration of wealth, 99% of people will be living in slums before long.

The fact AI is going to hoover up everyone's job over the next couple of decades, is really just a continuation of a trend we've been seeing since the 80s: the rich are taking all the wealth and leaving none for us

Thats the fucking crazy part, they simply can't plan long term because they will be outcompeted by people only planning short term and that can't be allowed.

Besides, if the bourgeois automated every job they'd just kill us so that we stop being a problem

They've already made a shitload of money. Now they're consolidating their extreme privilege into violent political control.

And when bubble pops, the rich will be paid immediately via an inflation tax on the poor as per usual...

https://www.npr.org/2023/03/13/1163180140/silicon-valley-bank-is-it-a-bailout-barofsky

the ouroboros dance of capitalism will invariably lead to its own demise.

its up to us to kill it before it devours the habitable biosphere we need to like, exist and shit.

The plan is billionaires sell to each other

Tax any form of automation, be it software or hardware, and pay everyone a universal income from it.

I see that 4chan has got as far as recognising the dichotomy between short-term and long-term gratification. They are evolving faster than I thought possible. Perhaps by 2050 they'll have advanced as far as common courtesy. Well you never know.

Next step in the capitalism game; own the people.

It's like when horses were replaced by automobiles. the economy kept going, just maybe with more glue and less oats.