What if AI made the world’s economic growth explode?
Debate over “Growth” and Its Measurement
- Several commenters argue that “real” growth has stalled, with GDP propped up by credit, rent-seeking, and mismeasured inflation.
- Others counter that the world economy is clearly larger than decades ago and that GDP per capita correlates strongly with better living standards.
- There is sharp disagreement over metrics: GDP vs. purchasing power, job quality, infrastructure, life satisfaction, and ecological health. Some say critics conveniently choose unmeasurable indicators; critics respond that “your own eyes” contradict rosy statistics.
Who Benefits from AI-Driven Growth?
- Central concern: even if AI accelerates growth, gains may accrue mostly to capital owners, deepening inequality and creating a “techno-feudalist” order.
- Some foresee AI reinforcing historic patterns: a small elite controls land, data, and compute, while the majority sees stagnant or declining prospects.
- Others predict a familiar arc: capital wins first, then goods become cheap enough that broad society eventually benefits, as with industrialization.
Labor, Jobs, and Social Policy
- Many expect AI to wipe out large swathes of knowledge work before it can handle messy physical work; some suggest learning trades may be safer.
- UBI or social wealth funds are repeatedly raised as necessary if mass displacement occurs, though several see political will as unlikely.
- There’s debate over whether productivity gains should translate into shorter workweeks; some blame policy since the 1980s for funneling gains to the top instead.
Desire for Slower Lives vs. Efficiency Obsession
- A visible thread rejects endless acceleration, preferring smaller communities, less tech intrusion, and more time in nature and relationships.
- Others argue such lifestyles have always been rare, historically entailed heavy inequality, and are already possible for those willing to accept much lower incomes.
Energy, Ecology, and Physical Limits
- A number of comments stress that explosive economic activity implies explosive energy use, resource extraction, and pollution, risking ecological collapse.
- Others downplay “planetary boundaries,” or argue that life and ecosystems will adapt, even if humans suffer.
Nature and Trajectory of AI
- Strong skepticism that current LLM-based systems can lead to superintelligence or an economic “singularity”; such scenarios are compared to science fiction or religion.
- At the same time, people report large, concrete productivity gains in domains like biology and statistics, where non-programmers can now “vibe code” analyses and automation.
Institutions, Capitalism, and Governance
- Several foresee intense concentration of power if super-capable AI remains privately owned, suggesting eventual state takeover, global governance, or revolutionary change.
- Others speculate about cooperative or open AI ecosystems, or about capital itself being automated, with machine agents trading with each other in largely post-human markets.