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Capital, AGI, and human ambition - Rudolf's Writing

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AGI will shift the relative importance of human v non-human factors of production, reducing the incentive to care about humans while making existing powers more effective and entrenched. This means that by default, capital will matter more than ever after AGI.

I've heard many people say something like "money won't matter post-AGI". This has always struck me as odd, and as most likely completely incorrect. First: labour means human mental and physical effort that produces something of value. Capital goods are things like factories, data centres, and software—things humans have built that are used in the production of goods and services. I'll use "capital" to refer to both the stock of capital goods and to the money that can pay for them. I'll say "money" when I want to exclude capital goods. The key economic effect of AI is that it makes capital…

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