So we're talking about the complete destruction of the consumer economy.
Hard to see how Google or Facebook keeps their advertising models in that environment. There aren't enough construction workers and data scientists to buy everything.
> If it's any consolation, in the end it will destroy capitalism too.
That is hardly will be of any consolation. AI will probably destroy capitalism, but not because it will replace some useless f.ucks from their useless computer jobs (most of them will perfectly fine find another more useful job, if only way less paid), but because with surveillance and totalitarian control that AI capable of, socialists like Stalin or Hitler will build resilient and durable society where no member will have any way for resisting.
Odd that you mention that, China is afraid of exactly the opposite. Their systems are so centralized for surveillance purposes that an AI seriously breaching their systems could destroy their control.
Of course it is afraid, and because of that AI will be banned for many use cases and severely regulated by the government for other use cases.
That is like one of the first steps to build the ultimate totalitarian regime. In the USSR bolsheviks were grate proponents of civilian weapons right until they have got power. And then civilian weapons were banned.
> There aren't enough construction workers and data scientists to buy everything.
There will be, when two third of the office workers will be replaced by AI.
It is astounding why so many people does not understand how consumer economy works. I think it is more a matter of the copium, because, well, it is generally hard to accept the truth that in five years you will have to haul bricks as a job, and the guy who used to put that bricks on one another and make three times less than you in your tech job now will be your new boss.
And advertising models in that environment? Why should something changed for it?
Hard to see how Google or Facebook keeps their advertising models in that environment. There aren't enough construction workers and data scientists to buy everything.