My theory is that basically everything is controlled by income inequality and interest rates. AI should not, in theory, lead to a loss of creativity. If anything, we should see a creative explosion because it’s easier to create more and better things. If nothing else, generative AI is a great tool for brainstorming and prototyping ideas.

What we’re seeing is the over capitalization of everything, everyone is stressed out about making money due to rising inequality and rising costs of core needs like housing and healthcare.

The Renaissance happened because there were enough people with wealth that they felt free to explore art or give their money to artists without expecting a return on their investment. No one does things today as an expression of their soul, they do it to make money. Like the article suggests, people made things because they were happy, sad, horny, or mad. Now they do it for money.

We need to loosen up society’s obsession with accruing wealth, it ruins everything. What we’re witnessing is well described by the term Late Stage Capitalism, or what I like to call The Great Enshittification. It’ll only change when we decide to create something like a social safety net that lets people feel more free to create art that doesn’t need to provide an income.