In an automation scenario, is your net worth correlated with world GDP? (Was the net worth of horses correlated with world GDP growth during the Industrial Revolution? Or chimpanzees during all human history? In an em scenario, who do the gains flow to—is it humans who own no capital and who earn income through labor?)
Thanks for pointing this out; you’re right that your net worth wouldn’t necessarily be correlated with world GDP in many plausible scenarios of how takeoff could happen. I suppose the viability of things like taxation and redistribution of wealth by governments as well as trade involving humans during and after a takeoff could be the main determinants of whether the correlation between the two would be as strong as it is today or closer to zero. I wonder what I should expect the correlation to be.
ETA: After all, governments don’t redistribute human wealth to either horses or chimpanzees, and humans don’t engage in trade with them.
In an automation scenario, is your net worth correlated with world GDP? (Was the net worth of horses correlated with world GDP growth during the Industrial Revolution? Or chimpanzees during all human history? In an em scenario, who do the gains flow to—is it humans who own no capital and who earn income through labor?)
Thanks for pointing this out; you’re right that your net worth wouldn’t necessarily be correlated with world GDP in many plausible scenarios of how takeoff could happen. I suppose the viability of things like taxation and redistribution of wealth by governments as well as trade involving humans during and after a takeoff could be the main determinants of whether the correlation between the two would be as strong as it is today or closer to zero. I wonder what I should expect the correlation to be.
ETA: After all, governments don’t redistribute human wealth to either horses or chimpanzees, and humans don’t engage in trade with them.