ML revolutionized translation a long time ago and the demand and pay for translators went down. It also used the works of thousands of humans who translated text and they never saw a dime. Copyright applies to translations so we've already gone through something similar. The same will happen with art and every other medium that ML touches. I have a love/hate relationship with ML because of this. It seems that there w…
> I hope someone can engineer a new economic system that works for what's coming. What's coming is post-scarcity for all kinds of intellectual work. There will be nothing to economize: supply of both labor and product will be infinite. I don't want corporations engineering a made up economy where there is none.
Unfortunately, all intellectuals also need to eat, bathe and clothe - areas where no "post-scarcity" is on the horizon (with climate change, both food and water may become less abundant). So an economic system will need to be invented.