Artificial Intelligence Could Destroy Capitalism, Here's How

Originally published by Sramana Mitra on LinkedIn: Future Of Artificial Intelligence - Triumph Of Communism? I have written several pieces already on my deep concerns about the kind of society we're moving towards in the next 30-50 years as technology-induced changes sweep through society, rendering hundreds of millions of people unemployable. It seems to me that the end game in this thought experiment is the triumph of communism. A Universal Basic Income provides for the basic needs of human beings - food, shelter, clothing - and keeps society from imploding through crime and revolution. I am sure there will be interesting mechanisms to facilitate this process of vegetating - immersive computer games, ever-addictive social media, etc. Note, however, no one can afford anything beyond the basics, so don't think the entertainment industry will be thriving either.