Earlier quoted context omitted.
It's justified if AGI is possible. If AGI is possible, then the entire human economy stops making sense as far as money goes, and 'owning' part of OpenAI gives you power. That is of course, assuming AGI is possible and exponential, and that marketshare goes to a single entity instead of a set of entities. Lots of big assumptions. Seems like we're heading towards a slow-lackluster singularity though.
I was thinking about how the economy has been actively makes less sense and gets divorced more and more from reality year after year, AI or not. It's the simple fact that the ability of assets to generate wealth has far outstripped the abiliy of individuals to earn money by working. Somehow real estate has become so expensive everywhere that owning a shitty apartment is impossible for the vast majority. When the worl…
That's to be expected when governments forbid people from building housing. The only thing I find surprising is when people blame this on "capitalism".