If AI is capital that substitutes for labor, the gains flow to whoever owns the AI and the compute. Output can explode while the median wage falls. On this, Acemoglu and Altman, Stiglitz and Amodei, pessimists and optimists alike, converge. The future hangs on a four-link chain — and each link can fail. Click a link.
Can AI plus cheap energy deliver genuine material plenty? Bastani says scarcity itself can end; degrowth physicists answer that thermodynamics and planetary boundaries keep allocation problems alive; Varoufakis warns abundance may be technically possible but deliberately withheld to preserve rents. Whether the tide delivers plenty — and at what energy and compute cost — is the first link.
The Squeeze. A botched transition that immiserates the displaced before any dividend arrives — The Expanse's "Basic": survival without dignity, mobility, or purpose. The modern Engels' Pause, where output rises for decades while wages stagnate.
"A success requires all four: enough abundance, broad enough power to claim it, a mechanism that reaches everyone, and a culture that supplies meaning beyond work."