Interesting conversation from the Vegas Bitcoiners Meetup last night. We pivoted on to AI, robotics, and the topic of abundance. Essentially the belief that it should lead to what nostr:nprofile1qyfhwue69uhkcmmrv9kxsmmnwsargwpk8yq3gamnwvaz7tmpv4nkjueww468smewdahx2qpqs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sgjmwnq talks about in his fantastic book.

The question of "Will that abundance be shared with society?" was raised.

My contention is that I don't see the current keyholders of the capitalistic system interested in doing that. By design. My belief is that as long as the goal is to maximize shareholder value by all means necessary, they are insulated from having to even consider doing so.

I look at it the same way I believe the Fed cannot truly succeed with their dual mandate as stable prices and maximum employment are often at odds with one another. So if the overarching goal is to push stock price to drive returns for investors, that is the top mandate which flies in the face of returning abundance because it would negate from the value proposition. Doesn't help that they've fortified this via 401ks and other retirement accounts -- they've tied it to the backs of the working class.

Curious if anyone has any thoughts as to how society as a whole can benefit without needing to burn the current system to the ground? What does that mean (look like) for investments and retirement? Is there a way that everyone eats and nobody suffers?

#asknostr #ai #artificialintelligence #money #investing #bitcoin