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twoodfin 4 hours ago

You could have said the same thing about steam power or electricity. And it’s not just an analogy: The magic of these things is in being universal information engines. You spend capital to build them, using well-understood, scalable techniques, plug them into electricity, and out comes value.

My point is, there’s no chance of a “haves and have nots” emerging, any more than electricity turned out that way in the modern world.

suddenlybananas 13 minutes ago | parent [-]

>My point is, there’s no chance of a “haves and have nots” emerging, any more than electricity turned out that way in the modern world.

Energy costs vary widely across the world and that has enormous capacity for the economies of different countries and their industrial capacity.