In the case of rapid full automation, we would have to quickly rethink human labour, redefine our entire value system and redesign theories we currently stick to. Capitalism, for example, is currently seen by many as a driver for innovation, but its underlying theory might face some issues in this future scenario. Capitalism's hypothesis is that economic growth and gains in productivity lead to more consumption and ultimately translate into higher wages, thus positively impacting the overall economic well-being of society.<br><br>In the case of full-automation, corporate monopolies that would have created these automated systems or amassed the most data, would eventually aggregate power and money, while breaking the logical implication of productivity gains to higher wages, because there would not be enough human jobs. In consequence the driver of growth, consumption, would be inhibited.<br><br>Whether the egalitarian idea of a universal basic income could be a feasible solution remains to be seen, as humans have always strived to distinguish themselves from their peers, in the pursuit of social status. Hence, social inequality might become more extreme, with an elite group of people that either has professions that could not be automated, or who directly profit from automation.<br><br>Scenario four differs from scenario three mainly regarding the speed of automation and its unplanned approach. While scenario three has already created a meaningful alternative for our current system, scenario four focuses on financial gains of a small minority, leading to more inequality. ...
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