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The nature of capitalism is that it requires consumers to function. Traditionally the way the system works is that business owners employ people who get wages for their work, and then spend their wages purchasing goods and services. However, if a job can be automated then a business doesn’t need to hire people to do work. This leads to unemployment and lack of people with disposable income to consume the goods and services that companies produce.
Here are a couple of recent examples of this already happening. Buzzfeed replaced some of their staff with chatgpt, and Netflix replaced artists with a stable diffusion style AI to draw backgrounds in their anime show
It’s essentially an automated bullshit generator. A lot of people with bullshit jobs will be out of work. More importantly, people will necessarily get better at distinguishing bullshit from actual facts, and that will make it much more difficult for corporate media to tell their lies. At least that’s my naive hope.
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But surely Capitalism would benefit from this, right?
