Solving the 'Economic Agency Paradox' with Tokenomics - Post-Labor Economics Theory

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[Zenith_Studios]

It's nice to have you back, David!

[I-Dophler]

It's great to see that David is discussing artificial intelligence once again, as his insights provide valuable perspectives and contribute significantly to our understanding of this rapidly evolving field.

[olbriteinc]

Welcome back David!! Awesome to see you again!

[tellesu]

Post labor economics has the major challenge that you touch on, a problem I've been describing as "who gets to go to Yellowstone?" There are a few small areas of the world that are unique and that most humans would visit if given the chance. If you let everyone who wants to go actually visit it ruins the place. You absolutely must limit who goes, which means someone decides. If everyone else is generally equal in economic power, how do we decide who gets to have experiences?

[shawnfromportland]

great chat. i personally believe (based on last few hundred years track record) it's going to be a long slow decline of society nearly crumbling until we turn this around and UBI is starting to look real. until CEO multi million dollar bonuses dry up, those in control will try to keep business as usual until their last death grip

[ElodineCodes]

The silver linings here are the things altruistic dreams are built from! Thanks for covering this with nuance.

[michaelaultman]

How refreshing. Finally, someone is beginning to put this in perspective. I have been worried about this for over a year now maybe 2 and I have not seen anyone so far that have been putting this into context. Thank you.

[caseyczarnomski]

Interesting for people to know, Oregon USA just had a State UBI on the voting ballot. It was measure 118 and taxed companies on earnings over 25 million, which would then be distributed to all the citizens of the state. Big companies ran tons of ads against saying they would raise prices to cover the cost, so people voted it down. People didn't stop to think, the extra money would have come back, and the companies are trying to rip us off.

[DarinLawsonHosking]

Before this can happen we need a "Postal Banking" system that implements a single secure ID that allows basic personal banking (direct deposits, debt card service, small loan/credit services)/savings/investing/401k, access to all social programs (healthcare, UBI, etc..), voting, skill tracking (licenses, certifications, resumes, etc...) similar to what is happening via e-Estonia

[WisdomSuccessAbundance]

This is all so exciting! So glad to be alive to see all this!

[brandongillett]

Hey David, this is some really great stuff and honestly, the most important problem anyone could be working on right now (aside from potentially AI alignment).

I do have a criticism of your model though. In a world where AI performs all economically valuable tasks, the relative wealth between individuals can't possibly be based on merit.

In our current economy, we justify wealth inequality by the fact that someone's own efforts contributed to their success. But in a post-labor economy that justification is no longer valid. Even investment decisions will be AI driven.

The investment based economy you propose does solve economic agency, but it also allows those who start the game with a lot of up-front capital to outpace everyone else. The rich will get richer faster than the poor will get richer. At some point wealth disparities will grow inconceivable large. I don't know what the solution to this problem is, but in my opinion, any post-labor economic model should slowly trend towards zero wealth inequality over time.

[injinii]

YES. YES. YES. FUCKING YES. THIS IS EXACTLY MY THOUGHT.

I have never seen it reflected this clearly.

[jonred]

Don't know if you're back for good, but it's good to see you're here. There was definitely a void in the AI content with you gone!

[liamkurmos]

Feels a bit weak. Directing investments to make a return is also cognitive labour. Only those with capital can make capital? Intelligence too cheap to meter? Not all intelligence is the same. Those with supremacy will win the investment game. What are your thoughts on taxation?

[mrleenudler]

DaveShap is awesome! Even when seeming unstructured the message is really clear and comprehensive. And the shortest outro ever; "Bye."

[tacos]

Can’t wait to live forever. Being in my late 20s I hope we get to see the full benefits of longevity escape velocity very soon. Plus having really cool AI to merge with would be incredible

[benjammin]

Modern politics should be talking about this. Instead its just stupidity.

[SolarpunkSeed]

UBA ftw! +Crypto(etc) UBI. These ideas are very in sync with what our postcapitalist third space commons fab lab café project is exploring. Including theorizing how a DAO + reputation tokens and training verification NFTs might be used to access different shared cutting-edge tools. Community land trusts can also have bylaws that prohibit rent and resale. +Hoping for ridable robotic horses soon.

[Jamdat]

Loving the forward thinking AI-adjacent content!

[MyNewPassion]

5:25 some blockchains allow privacy based transactions, where text can only be decrypted by the sender and the receiver, not by the general public, such as STEEM and HIVE blockchains