Why Capital Won't Save You From AI-Driven Disempowerment
By
Fernando Borretti
Summary
This article argues against the "permanent underclass" narrative — the fear that AI will automate all white-collar work, creating a class of permanently disempowered people. The author contends that even owning capital (property, shares) won't protect individuals from disempowerment in such a future. The piece challenges the short-sighted view that working hard or accumulating capital can secure one's place, suggesting that systemic disempowerment would affect everyone, not just those without assets.
Source
Hacker NewsWhy Capital Won't Save You From AI-Driven Disempowermentborretti.meKey quotes
· 4 pulledIf AI can do all work at human level or better, what stops corporations replacing us all with AI?
The main way people cope is, they tell themselves: if I work hard, accumulate capital, maybe join one of the big AI labs, I might secure my place in the future.
I want to argue this is a fantastically short-sighted view: if there is a permanent underclass, you won't escape it by owning property, or shares
Capital won't save you from disempowerment.
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