> The one economically useful thing we will be able to do is legal property ownership.
This is correct. But we don't need to ban AI to avoid the permanent underclass nightmare.
It's time for the means of production to be owned communally.
It's either a cybersocialist utopia or a neofeudalist dystopia.
Rosa Luxemburg formulated it pretty well more than a hundred years ago: Socialism or Barbarism!.
What kind of political leverage do the useless have? This isn't a realistically sustainable outcome.
Today, people have leverage because removing them has real economic consequences. With AI, we need to be on the useful side of the divide to have any leverage.
And then we'd better hope AI has respect for property rights.
> It's time for the means of production to be owned communally.
What does this mean in practice? That an individual cannot own a machine (which is a means of production)?