I think a more important question is not whether AI will make economic growth explode but rather who that economic growth will benefit and in general how those benefits will be distributed.
I suppose, if a huge proportion of workers get replaced by AI software, leading to mass unemployment, there will be impetus for governments to step in and force corporations to contribute to some sort of UBI or social wealth fund. If AI grabs everything and few consumers are left then it is zero-sum. I'm looking forward to seeing how this might play out. Pessimistically, it seems very bubblish.
I looked for any comments that expressed this sentiment, and as of writing this, I only found one. It's like people don't know or remember history. I mean, look at the French Revolution—look at every other revolution. I kept waiting for the article to mention political changes, but it was only about capital and what to invest in, as if capitalism is something that will survive superintelligence (I mean real superintelligence, not chatbots).
What do these people think—that 99% of the population will just become beggars? Sooner or later, all capital will be overtaken by the state, because the main argument against it - inefficiency, will no longer apply. People will vote on AI-generated proposals for energy distribution, so basically where as society we want to allocate it. Budgets will no longer be about how much money we want to spend, but about how much energy we want to allocate.
Private capital and private companies stop making sense when you have a superintelligence that is smarter than any human and can continuously improve itself. At that stage, it will always allocate resources more efficiently than any individual or corporation.
Leaving that kind of power in the hands of the wealthiest 1% means only one thing: over time, 100% of land and resources would end up controlled by that 1%, the new kings, making the rest of the society their slaves forever.