thesis thursday

long socialism short capitalism

post agi capitalism = rule of a machine, socialism = rule of humans

if we squint, machines owning all capital and giving humans fixed ubi without exposure to upside of investments is basically the definition of capitalism

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lol no, capitalism is where the capital gets exposure to upside and the workers get a fixed wage

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Why not? In a free market, the capital can end up wherever it wants to, even in the hands of a single monopoly or just machines, right?

(To be clear, free market is not identical to capitalism, sometimes people qualify free market capitalism.)

I think this is the effect of capitalism. In a free market you wouldn’t have a select companies or machines owning all the capital right ?