Damus
FLASH profile picture
FLASH
@flash
⚡🎙️ NEW - Elon Musk warns: AI + robotics will hit us like a "supersonic tsunami."

Peter Diamandis: “We’re basically demonetizing everything. Labor becomes the cost of CapEx and electricity. Intelligence is available at almost zero price.”

Elon’s forecast:

Prices collapse hard.
Output of goods & services explodes faster than money supply → deflation. Governments will frantically print faster — but won’t keep up. Productivity could hit high double-digit growth every year. GDP metrics are already meaningless and will look even more absurd.

Universal high income won’t come from taxes & redistribution.
It comes from radical abundance where stuff & services approach zero cost.

If prices for almost everything crash and intelligence becomes dirt cheap… what’s the first thing you’d do — or build — in that world?
11
FLASH · 6d
As a reminder, Elon Musk is not a prophet; he has no knowledge of the future.
verbiricha · 6d
a cabin in the woods
Alp · 5d
He's not completely wrong here. He's describing a logical consequence. But in reality, corporations and governments tend to exploit productivity for themselves and not let people have a share of it.
Duvel · 5d
I think Peter and Elon are correct in their predictions. This is similar to predictions in the book The Sovereign Individual.