> That's a bad example even if you meant 1% of current USA GDP per person getting the treatment (i.e. 200 bn/person/year), because an AI capable of displacing human labour makes it very easy to supply that kind of wealth to everyone.
Clarification: I meant 1% per person of the GDP at the time the wealth is generated. NOT present day GDP. Medicine is one area where I think it's possible that costs per treatment may outpace the economic development generated by AI.
Any kind of consumption that the ultra rich may desire in the future that also grows faster than the economy is a candidate to have the same effect.
It's the same as for ASI X-risk: If some entity (human, posthuman, ASI or group of such) has the power AND desire to use every atom and/or joule of energy avaialble, then there may still be nothing left for everyone else.
Consider historical wonders, whether it's the Pyramids, the Palace of Versailles, Terracotta army, and so on. These tend to appear in regimes with very high levels of concentration of power. Not usually from democracies.
Edit, in case it's not obvious: Such wonders come at tremendous costs for the glory of single (or a few) individuals, paid for by the rest of society.
Often they're built during times when wealth generation is unusually high, but because of concentration of power, medium wealth can be quite low.
Clarification: I meant 1% per person of the GDP at the time the wealth is generated. NOT present day GDP. Medicine is one area where I think it's possible that costs per treatment may outpace the economic development generated by AI.
Any kind of consumption that the ultra rich may desire in the future that also grows faster than the economy is a candidate to have the same effect.
It's the same as for ASI X-risk: If some entity (human, posthuman, ASI or group of such) has the power AND desire to use every atom and/or joule of energy avaialble, then there may still be nothing left for everyone else.
Consider historical wonders, whether it's the Pyramids, the Palace of Versailles, Terracotta army, and so on. These tend to appear in regimes with very high levels of concentration of power. Not usually from democracies.
Edit, in case it's not obvious: Such wonders come at tremendous costs for the glory of single (or a few) individuals, paid for by the rest of society.
Often they're built during times when wealth generation is unusually high, but because of concentration of power, medium wealth can be quite low.