Think about theory of the firm: the firm is the largest portion of the economy that is better run through an authoritarian central planning regime rather than using the market prices to orient and organize production.
What we have seen with informatics over the past few decades is exactly that bigger is getting better. For years now the small-cap factor no longer works. J.P. Morgan Chase & Co. is world’s largest bank and it’s outperforming the industry. Amazon is capable to coordinate more than 1.5 million full-time employees worldwide.
As AGI accelerates this trend, there’s no reason to imagine we won’t see further consolidation. Yeah, sure, some people like Pepsi and other people like Coca-Cola. But likely there won’t be 2,000 different soda brands that each one needs to be individual oversight by humans.
If you can organize production more through central planning through informatics and AGI, I dunno there will be much work left for humans to do.
And obviously, people on LW are überbulls on ASI. The view is that it’ll get millions of times smarter, whatever you define, than humans.
Think about theory of the firm: the firm is the largest portion of the economy that is better run through an authoritarian central planning regime rather than using the market prices to orient and organize production.
What we have seen with informatics over the past few decades is exactly that bigger is getting better. For years now the small-cap factor no longer works. J.P. Morgan Chase & Co. is world’s largest bank and it’s outperforming the industry. Amazon is capable to coordinate more than 1.5 million full-time employees worldwide.
As AGI accelerates this trend, there’s no reason to imagine we won’t see further consolidation. Yeah, sure, some people like Pepsi and other people like Coca-Cola. But likely there won’t be 2,000 different soda brands that each one needs to be individual oversight by humans.
If you can organize production more through central planning through informatics and AGI, I dunno there will be much work left for humans to do.
And obviously, people on LW are überbulls on ASI. The view is that it’ll get millions of times smarter, whatever you define, than humans.