Replying to Avatar Jeff Booth

Prices falling to their marginal cost of production does solve. Just hard to see from our existing system that dominates your view.

You don’t pay for the air you breath - why not? Marginal cost of production is zero - except in space or underwater where marginal cost is higher to service that air.

As jobs are replaced, prices fall naturally allowing people more for less which is the entire point of technological progress.
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Toshi 2y ago

It is hard to understand, yes. How can the marginal cost of living become 0? There is always some sort of minimum energy required to produce something, even if everything is done by machines/AI. And if it’s not 0 how do the many people that have no jobs afford even the cheapest necessities. The only option I see is UBI. But where will that come from? What do I not understand/see that you do?

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Jeff Booth 2y ago

Follow the trend instead of trying to think of the system in absolutes and designing flaws into it based on them.

(The money from UBI would “have” to come from making things more expensive)

Energy too is likely to follow the trend towards free and abundant.

7e
nobody 2y ago

This. 👆

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Toshi 2y ago

Will be interesting to watch if you are right.