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Joined 7 months ago
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Cake day: November 28th, 2023

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  • I could imagine this becoming in reality. Maybe in 2 or 3 world wars and 100 more genocides there might be a society emerging like this.

    It is obvious that this society is superior. It is also obvious that it is impossible to achieve for any culture that is living today.

    We are already optimising and automating a shit ton! And we could already rest more than 100 years ago. Instead we just consume more.

    I have like four different pairs of trousers, a 75 inch flat screen tv, a laptop, a tablet, a phone, a smart watch, and I eat meat like three times a week ( which is even low compared to my kin ). Stuff breaks all the time and a buy new ones.

    My 80 year old uncle told me they did usually not eat meat when he was a child. They had two eggs per week, which were used for baking. And they were not poor. A normal household.

    If we would consume as much as 100 years ago, I bet we could send half the work force into life long vacation!

    My other bet is that our wealth will rise the more we automate, but we will still be working the same amount to afford our future wealth.



  • Did you ever have 2000€ in your bank account and 0.63€ in your wallet? And then it was summer and you were thirsty, so you bought something with your card instead of riding the tram to the next ATM to get a 50€ bill and ride the tram back to the kiosk, where they did not have the right exchange for the 50€ bill, which was then the reason to visit the stores around to exchange money, what they did but they looked at you very suspiciously, because that’s a common theme for a scam, and then you could finally buy your drink, but the whole ordeal cost you 45 minutes?

    That’s just one example.






  • I learned something new here!

    I thought an orgy would imply that for each fucking tuple (h1, h2) € F[H], there exists at least another pair where (hx, h3) € F[H], hx € {h1, h2}, so that there are not two disjoint strict subsets of O.

    In textual words: When Tobi and Torben have sex, and Brunhilde and Gudrun have sex, I thought this is not an orgy. There must be a connection between those two pairs. I bet I am having an orgy with a lot of strangers by the definition of this paper.





  • I don’t see much difference between a machine replacing a bank teller to give out the cash, a machine to put together the majority of a car, or a robot replacing a health care worker completely.

    In all cases some jobs were removed, but other jobs were created. Production and wealth go up quickly, but so does demand.

    Almost everyone today has a larger television than the richest man 50 years ago. And you can afford new electronic devices every couple of years, while 50 years ago you only bought them when they broke after 20 years.

    So I believe prices will still go up, as we will want to have more and more stuff.

    If I only bought what my parents could afford at my age, then I would probably be quite rich. (Big exception is housing!) But that’s now how society works. We buy more and more, mostly for convenience. And convenience will go up with robots and AI. (Is it that unlikely that everyone will have a star-gourmet-quality chef robot cooking in their house and ordering all required ingredients on its own? I think that prospect sounds very reasonably realistic). But you will have to pay for the robot, the AI service, the truffles, the caviar, the ostrich egs…. and it will be just the normality people live in. (just like amazon replaced sending your butler to Harrods)

    Therefore I believe there will still be an increased demand for goods even when our productivity goes up and people will need more money, hence inflation, not deflation.


  • Why deflation? Deflation is poison for any economy. If deflation is a risk, you must print more money. Central banks aim to keep inflation at 2% per year. (Which is a difficult task). Deflation is the death of market systems.

    Robots already do most of the work. In every industry you see people operation machines to do all the work. The way our outdated financial system works is, that the machine owner gets the warnings. AI and fully autonomous robots will work the same way. So I doubt it will change something, when the system stays as it is.

    Not sure if it really will stay this way. Autocracies are emerging more and more. China will be the next big financial superpower. It may be that they will force a overhaul for the better. (Unfounded careful optimism. One of the few positives of autocracy are easy change processes. Maybe it will work this time)