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▲ epistasis an hour ago

There will still be scarcity, just of different things.

Even if we vastly increase productivity beyond our current wildest dreams, the production system takes time to adjust to changes in demand, creating continuous points of scarcity.

But Georgist economics are way ahead of how to deal with this. Tax the ownership/control of things that can not be increased (e.g. land).

▲__MatrixMan__ an hour ago | parent | next [-]

Sure, but that's no reason to continue using control over scarce things as a proxy for consent. It's not exactly working out.

We had to tolerate gold because it implied a game that was facilitated by the laws of physics, and we didn't have the resources to set up any other sort. But now we do, the rules can be whatever we want them to be.

Sure, let's try Georgism, but given the historical track record of that kind of reform, let's work on other things in parallel.

▲paulpauper an hour ago | parent | prev [-]

agree. wealth inequality has only widened despite AI. things like healthcare insurance, tuition, rent and homes less affordable or more expensive than ever. Nothing has changed and probably ever will. Ai creates abundance in some things like knowledge but other tangible scarcities and individual differences of status remain.