Latest / Brandon Fogal Evolution / #331 - The AI Economy Has a Fatal Flaw | Capitalism vs. Socialism

Transcript

#331 - The AI Economy Has a Fatal Flaw | Capitalism vs. Socialism · Brandon Fogal Evolution

• 0:00
  There is so much uncertainty in the air, especially as we are on the horizon
• 0:04
  for AI. We don't know what's going to happen. We don't know how we're going
• 0:08
  to step into this golden age that people talk about. And then some people says
• 0:12
  everybody's going to lose their job.
• 0:15
  The ultra wealthy are just going to get more wealthy. Businesses are going to
• 0:19
  thrive. Or if you're in the know, you're the one that's going to benefit from
• 0:23
  all of it. Or are you going to be left out? It's like there's so much uncertainty right now.
• 0:28
  If you're stepping into the workforce or you're stepping into college,
• 0:32
  you don't know what to do with your life,
• 0:34
  we're going to dive into this because I'm going to raise some questions and,
• 0:39
  my point of view regarding where we should go with this because this seems to
• 0:43
  be like what nobody's talking about,
• 0:46
  because you're either for capitalism, you're for the free market,
• 0:49
  you're for innovation, businesses run with it, or you're for communism, you're for socialism.
• 0:56
  And it's like almost these two extremes like you have to pick one or the other.
• 1:03
  I think we can maybe pick whatever's going to lead us into this next stage because
• 1:07
  ai seems like it's going to take over it's going to be like what every every
• 1:11
  like it's going to change everything it already is changing everything,
• 1:16
  but i want to dive into this ai is supposed to be create this golden age people
• 1:19
  are saying that everyone's going to get richer like i said and then some people
• 1:22
  says only some Some people are going to get richer or like the AI is just going
• 1:26
  to take over and leave people in the dust.
• 1:28
  Elon Musk, he talks about abundance and universal basic income or high income.
• 1:34
  Who actually owns AI? Who actually is going to own it?
• 1:39
  Or is it only going to be this very select few that these elect people or think
• 1:45
  of themselves as elect? They're the ones pulling the strings,
• 1:48
  controlling everything. Everything's just concentrated to them.
• 1:51
  Why just regular people just get left in the dust?
• 1:54
  That's the main question that nobody's asking. Also, is AI going to replace mental labor?
• 2:00
  Robotics replacing physical labor? Companies need fewer employees?
• 2:05
  Productivity explodes?
• 2:07
  I just think of it as there's no way to know what's exactly going to happen.
• 2:12
  I just see lately there's these communist people that are taking over New York
• 2:16
  and over different parts of our government.
• 2:19
  And I see it as I'm kind of a little bit happy. I wish it wasn't the Mom Donnie
• 2:26
  effect, like the Muslim side and bringing that in, because that could be kind
• 2:30
  of dangerous for our Christian nation and Christian values.
• 2:34
  But if we don't have any guardrails, structures put in place.
• 2:39
  Say we do that AI does explode and it just creates this massive wealth.
• 2:44
  Elon Musk talks about that. Everybody's going to get wealthy.
• 2:47
  Well, how is it actually going to filter down and go to the regular people,
• 2:52
  just to the regular Americans? I know this could apply universal to the world,
• 2:56
  but I mean, I'm pretty much focused on America right now.
• 2:59
  I think that's if we can like take care of the rest of the world,
• 3:03
  I mean, that would be the next step.
• 3:05
  But just in general, like how is everybody going to benefit and get wealthy
• 3:10
  from the explosion of AI?
• 3:13
  How is that actually going to happen? It's all pie in the sky.
• 3:15
  That's what it seems like to me with what Elon Musk talks about,
• 3:18
  because if it was just him, if it was him and he was the one that decided,
• 3:22
  I would actually kind of trust that Elon Musk,
• 3:24
  would make it for regular people to get wealthy, to have money,
• 3:28
  to have it actually come to us.
• 3:30
  But as we've seen throughout history...
• 3:33
  What happens normally is we always hear stories about like the cars that can
• 3:38
  just run off water or, you know, or Nikola Tesla, he was able to make it create
• 3:43
  energy, but then somehow like things get.
• 3:46
  We always hear those stories about like energy just comes in.
• 3:50
  It's just free, but then people shut it down. They don't allow it to actually,
• 3:55
  come to the regular masses of people because they want to be able to monetize
• 3:59
  it and they want to be able to control it.
• 4:01
  And if they can't make money off it, they don't want it just to be free for everyone.
• 4:05
  So I understand the capitalism side of it, that we need that for innovation
• 4:11
  and for incentive and for people to continue to grow and create things to make it better.
• 4:17
  And if you just give everybody everything, then nobody has incentive.
• 4:21
  But going into this, with the AI, it changes everything.
• 4:25
  It absolutely changes everything because if we don't take this idea of how are
• 4:31
  we going to distribute these things, these ideas, are these wealth.
• 4:37
  People having money, people having their own ability to buy things.
• 4:42
  If AI is going to wipe out people's jobs eventually, which we all hear about,
• 4:48
  and the ultra-rich are just going to get richer, how are regular people going
• 4:53
  to experience this wealth?
• 4:55
  It doesn't seem like we're thinking this through. That's how I see it.
• 4:59
  So I keep coming back to ownership concentrates and the winners keep winning,
• 5:03
  but then regular people are going to be left in the dust.
• 5:07
  The ai scales unlike anything before one company could replace thousands and
• 5:12
  wealth doesn't naturally spread,
• 5:14
  it follows ownership so who actually owns the ai does sam altman own the ai
• 5:21
  does elon musk i mean elon musk he legitimately that's his his thing he created
• 5:25
  grok he owns that you know that's his business,
• 5:29
  but then how is like how is it actually going to how uh.
• 5:33
  If you don't put anything in place for the government to somehow distribute
• 5:38
  the wealth that it generates, how is it actually going to happen?
• 5:41
  It just seems like just talking about it. Oh, everybody's going to have so much
• 5:45
  more. We're going into this abundance.
• 5:47
  Everybody's going to have everything they need and more. That just seems like not reality.
• 5:51
  If we really step back and think about it, because we're always on these two extremes.
• 5:55
  Everything's going to be just nuclear holocaust and everybody,
• 5:57
  the AI is going to just destroy us or everybody's going to lose their jobs and
• 6:01
  it's going to be terrible.
• 6:03
  Or it's going to be just super hyper abundance and everybody's going to have more than they need.
• 6:08
  You know, you're just going to be able to, what do you actually want to do?
• 6:11
  You don't need a job anymore. You're just going to have it rolling into you.
• 6:15
  I would prefer the latter, that everybody just has more than they need and we
• 6:20
  can just do what we actually want.
• 6:21
  We can just create things we're not just held to. Oh, I need to earn.
• 6:25
  I need to make money. Otherwise, I can't pay my bills, you know,
• 6:28
  and just this stress level.
• 6:30
  Like ai could relieve a lot of these things and but it does seem like the pie
• 6:35
  in the sky sky it would never actually happen that it gets funneled down to
• 6:39
  everybody regular people,
• 6:41
  because in this fallen world in this messed up world it does seem like it always
• 6:46
  will concentrate on the people who have the means and the abilities to control
• 6:50
  the powers to pull the levers.
• 6:53
  Elon musk he has more money than he could ever dream of and he does seem like
• 6:57
  a guy that he wants to spread the wealth He,
• 7:01
  at least rhetorically, he talks about it.
• 7:05
  He has that mindset. I would almost trust that he would want to share it because
• 7:09
  he understands money doesn't buy happiness.
• 7:12
  Money is not everything. It's like, it's just fuel. It's just building his business.
• 7:17
  And he would actually share the wealth if he could. But it's like,
• 7:19
  but you think people say, oh, well, we just need to take from him. We need to take from him.
• 7:25
  But then it's just going to go to a government that doesn't do crap with it
• 7:27
  and just messes it up and just blows it all.
• 7:30
  Doesn't know how to use it efficiently. Just blows it up and foreign wars or
• 7:35
  just somehow just gives it to random people or to the elites at the top.
• 7:39
  And it never actually gets to regular people.
• 7:41
  Your lives, our lives never get actually better.
• 7:45
  We always talk about affordable income. It's just like people making things,
• 7:49
  but all we do see is just things getting higher in price and the things that
• 7:53
  you want, it's just harder and it's farther out to actually have, to be able to attain it.
• 7:59
  So how do we realistically get from here to there? So my struggle is I don't want communism.
• 8:05
  I, and I've always been a person that I like capitalism. I like free market.
• 8:09
  I look at my socks and I think, well, somebody can make a better pair of socks
• 8:13
  and there's incentive who's going to make the best pair of socks to,
• 8:16
  put it on anything you could say the better computer the better tv better car anything like that
• 8:20
  there's got to be that incentive that struggle that competition so i get that
• 8:24
  so if everybody's handed everything it does remove that incentive you do become
• 8:28
  like communist china where you just rip off the united states and do it your
• 8:32
  own thing you just take it you steal and but
• 8:35
  but there is some some type of social net,
• 8:38
  that they have over there so there's elements that i don't i don't want to set
• 8:41
  it up necessarily as capitalism versus communism i think it needs to be something
• 8:45
  a little bit down the middle between those roads.
• 8:49
  And i'm gonna i'm just gonna say brandonism i'm just gonna call it brandonism
• 8:52
  just to put a label on it because this is my this is what i'm thinking we need
• 8:56
  to pull the ideas the thoughts from capitalism and the thoughts from.
• 9:01
  Communism just i mean i throw out those labels but this those ideas those distribution of wealth,
• 9:07
  Because if we just get, if we, if we're all just the free market,
• 9:11
  we're not, if we're all just the, whoever has the capital, you know,
• 9:15
  that, that competition, you know, it just, it will just leave people high and
• 9:18
  dry. They, they will not be able to get into it.
• 9:21
  It'll just be just talking points that it actually, people will not actually
• 9:25
  be able to benefit from AI.
• 9:29
  These will just be just things that, oh, it was just in theory,
• 9:33
  people could hypothetically could start, it could get some money from it.
• 9:37
  They could get some type of high income, but it is not actually going to take
• 9:41
  place. It's not going to filter down to regular people.
• 9:45
  The ultra wealthy are going to get more wealthy and it's going to become more
• 9:49
  and more slim, more concentrated.
• 9:50
  We got one guy on earth that he could lose a trillion dollars and still be the
• 9:54
  richest person in the world. And that's right now.
• 9:57
  That's right now. Think about it. I mean, going to AI that we get even further
• 10:02
  along this, like it's going to become narrower and narrower.
• 10:07
  And the people that are the billionaires, they're going to just go off,
• 10:10
  you know, like fly, you know, like a rocket ship.
• 10:13
  And the people that are at the bottom are just going to be cogs or they're not
• 10:18
  going to be able to do anything. They're just going to have nothing.
• 10:20
  And it's like, that's where we need that, like that, the government to step in to do something.
• 10:26
  Because I wouldn't normally to say like of this distribution of wealth and spreading
• 10:30
  it like this, but it's like, as we step into AI, it kind of makes sense.
• 10:33
  Like we need something there that can pull both sides, the free market,
• 10:38
  keep that innovation incentive that we're,
• 10:41
  that competition, but that, but we also have the overall umbrella and foundation
• 10:47
  that it's going to be equally distributed.
• 10:50
  It's going to be spread to everyone.
• 10:53
  And that people will be able to do what they want. They will be able to create.
• 10:57
  They will have that freedom to create, not just to be a hamster on a wheel trying
• 11:02
  to run and churn out some type of money or churn out something that they can survive.
• 11:08
  Because it is just a pie in the sky. I see it so clearly.
• 11:12
  It's not actually, Elon Musk can talk all day long that we're gonna have universal
• 11:17
  basic income and everybody's gonna be wealthy. It's gonna be so abundant more
• 11:22
  than ever before but that's actually not going to happen.
• 11:25
  That will not happen because we see over and over that people come up with things
• 11:29
  and then it just gets squelched.
• 11:31
  And like they create something that like, it's going to be, I don't know the
• 11:35
  car, the car that runs on water. You know, you're always hear those stories or things like that.
• 11:40
  But then these billionaires or these rich people that are pulling the strings
• 11:44
  at the top, they're not going to allow it. They're not going to,
• 11:46
  because when you get to the top, it's not about having wealth because they got
• 11:50
  the wealth. They got all that. They just want more than you.
• 11:53
  And they don't want you to be a part of their game this this is clearly what
• 11:58
  it is and i think everybody down deep down feels like this they understand that
• 12:02
  there there's some there are people at the top that they have these,
• 12:05
  they can silence you they can and they can take all your,
• 12:10
  opportunities they can give you the opportunities but they're the ones they're
• 12:14
  the ones pulling the strings and controlling all this so how does the wealth
• 12:17
  actually reach ordinary people.
• 12:21
  So we need these things. So I don't want communism. I don't want government
• 12:24
  controlling innovation.
• 12:27
  I believe competition creates progress. But how does this wealth actually reach the ordinary people?
• 12:33
  So we need incentives. Without incentives, less innovation, less entrepreneurship,
• 12:38
  less risk-taking, less competition.
• 12:40
  Too much redistribution can kill the engine that creates.
• 12:45
  So we need that. We still need that capitalism aspect, that free market.
• 12:49
  Let it fly. you know that's what america has right we got the freedom of speech
• 12:53
  and we got the freedom to create and go out there and just make it happen like
• 12:58
  if you're at the bottom rung of society you can become a billionaire in your
• 13:02
  lifetime it's like you can,
• 13:04
  go from you know the the the lowest of society to the highest you know just
• 13:09
  materially or whatever you know,
• 13:11
  but without distribution wealth keeps concentrating it's going to get more slimmer
• 13:16
  and slimmer to the select few they were ahead of the game.
• 13:19
  You know, that's this tidal wave that's coming that everybody's going to just be swept under.
• 13:24
  The people that are on top, they're ready to game the system.
• 13:28
  They know what's coming.
• 13:29
  They're going to be able to thrive in it. But I'm just talking about the regular
• 13:32
  people. It's not going to funnel down to everybody.
• 13:35
  Unless you are in that very small niche of society, you're not going to benefit
• 13:39
  from this. It will not happen at all.
• 13:41
  We can talk about that everybody's going to have everything they need.
• 13:44
  But unless we do something where we pull from both sides, like the free market,
• 13:48
  as well as the social distribution.
• 13:50
  Like, but I just see it like the Democrat side, what they're doing.
• 13:55
  If they, if it feels like they're like, they just want to steal,
• 13:59
  they want to take from the rich. I'm not, I'm not talking about that.
• 14:02
  I'm not just saying just take from people that have and just give it to people
• 14:05
  that don't, but set up things in place that everything gets equally distributed.
• 14:10
  Because we can do this with AI on the horizon, AI just coming on the scene that
• 14:15
  it's going to take over. if we don't have these mechanisms in place,
• 14:19
  it's only going to concentrate to the select few, the super rich.
• 14:23
  So maybe both ideas existing, free market, competition, entrepreneurship,
• 14:27
  innovation, and then add some mechanisms. So AI prosperity reaches everyone,
• 14:33
  not equal outcomes, but broad participation. So everybody's a part of this game.
• 14:37
  Everybody's involved. As Americans, we link arms. We are together. We are a communal state.
• 14:44
  We work together. We take out the stress, the anxiety of just people.
• 14:48
  I need to survive with a job and then it just becomes your own by the corporation or whatever.
• 14:53
  And you're controlled by the corporation who's running and pulling the strings.
• 14:57
  But regular people are given the leg up. Everybody is equally given, you know, mass wealth.
• 15:04
  Because if we don't put things in place, it's not going to filter down.
• 15:07
  It's not going to spread to everyone.
• 15:09
  So then we, just like in history, we've seen these types of things.
• 15:13
  We've seen the industrial revolution.
• 15:15
  This is going to be the industrial revolution on steroids, bigger than steroids,
• 15:20
  with the AI, what's happening, electricity, internet, smartphones,
• 15:23
  everything changes over time.
• 15:25
  And this is going to be bigger than all those things combined.
• 15:30
  If we don't put things in place, stopgaps, a whole system in place. And it's not just talk.
• 15:37
  I don't know what, I'm just going to, the government, I'm just going to close
• 15:39
  my eyes and see what happens.
• 15:41
  If you really take a step back and think about it, we can see what's going to happen.
• 15:47
  It's either going to go concentrated to the super wealthy and they're going
• 15:50
  to get richer and richer and richer. And the people down below are going to like have nothing.
• 15:55
  And then there's going to be rising up and then people are going to be pissed
• 15:58
  off and, and fighting back. And then, you know, and then the ultra wealthy are
• 16:02
  just going to have to use their drones or robots and just control the people.
• 16:06
  But it's like, if we don't get ahead of that, that nuclear Holocaust Armageddon
• 16:11
  type of style thing in civil war, we don't get in place of that and think, think about how could we,
• 16:18
  harness this so that it equally gets spread to all Americans,
• 16:23
  to that all Americans can thrive together and we're not at each other's necks.
• 16:28
  We are happy that somebody else is getting all that they want and they can focus
• 16:33
  on what they're good at and great at and go more towards that.
• 16:37
  So the infinite energy idea, so we've seen this throughout history,
• 16:42
  that free energy, Nikola Tesla, water-powered engines, like we talked about,
• 16:45
  the cars, automobiles, that we hear about those things and then it happens and then that person dies.
• 16:52
  They go to a dinner and they get killed, you know, or we don't hear about them
• 16:55
  ever again. You know, they come up with this amazing innovation and it's going
• 16:59
  to give free energy to everyone, but then it actually never comes to fruition,
• 17:04
  never actually happens.
• 17:06
  So the the point is people monetize scarcity ai could eventually create abundance,
• 17:12
  and would our current incentives allow abundance to spread no they would not
• 17:17
  they would not they would not at whatsoever allow like the way that we have
• 17:20
  things set up it would it's not going to spread to everyone and i i just,
• 17:26
  i feel like i'm the only one saying this that nobody's actually thinking outside
• 17:30
  the box this is we can talk about even the smartest guy like eric weinstein or any Anybody that are,
• 17:36
  you know, Sam Altman, Elon Musk, these guys that are talking about the AI explosion
• 17:40
  that's going to happen, this massive tidal wave, it's going to sweep over everybody.
• 17:45
  We don't know what's, it's going to be either completely terrible or awesome.
• 17:49
  We're going into a golden age.
• 17:51
  But if you actually can read the writing on the wall.
• 17:55
  If we want to make it so that it becomes a golden age, we need to put things
• 17:59
  in place, a system that it's going to pull from the social distribution of wealth,
• 18:04
  of spreading these things, actually put them in place, that it actually happens.
• 18:08
  It flows to everybody equally or however you want to say it.
• 18:13
  But if we don't actually put these things in place and pull from both sides,
• 18:16
  we're going to be left in the dust. The people that's going to be concentrated
• 18:19
  and go to the super wealthy and the normies, The regular folks out there are
• 18:24
  just going to be, they're going to be screwed over big time.
• 18:28
  So the biggest thing, who owns AI?
• 18:30
  We need it. Like, should it, should AI ownership be decentralized?
• 18:35
  Should citizens receive AI dividends?
• 18:37
  Should we all as American citizens own AI?
• 18:41
  Like pull all these AI engines that are out there that are being created, chat gpt grok all of them,
• 18:49
  that are american and and put them together or however you want you want to
• 18:53
  keep them separate but the ai american citizens own them that we own them whatever
• 18:59
  they generate we own them,
• 19:01
  that's what that's what it has to be without it so that like otherwise the regular
• 19:07
  people out there the regular normal citizens are going to be screwed and left
• 19:11
  in the dust there it's there.
• 19:13
  You'd have to be closing your eyes to not see that that will happen.
• 19:17
  So I know we always hear about the UBI, universal basic income.
• 19:21
  Could that actually happen?
• 19:23
  I don't think it would ever happen. I don't think that people are just going
• 19:25
  to vote on that. And if it is, it's just going to give them a little puh,
• 19:29
  you know, a little puh. Just give them a little something.
• 19:31
  And then I do like the, you know, the optimism that Elon Musk has to give them a high income.
• 19:38
  But I'm talking about if we wanted that golden age, we need to have like the
• 19:41
  government to pull like i'm just a voice but i feel like i'm the only ones that's even,
• 19:47
  at least vocalizing this saying this this isn't communism this isn't capitalism
• 19:52
  this is a new way of thought it's pulling from both communism is a terrible
• 19:57
  word i don't like it it's not ever going to work in a fallen world
• 20:01
  because it's just it's just it could not work it can't work,
• 20:05
  and socialism that just tries to redistribute everything try to pull a steal
• 20:09
  from people to give to others that doesn't work either.
• 20:12
  But if the government puts things in place that we are all on the same level
• 20:16
  playing field, we harness AI and we, and we take that wealth and it does equally
• 20:21
  get distributed to everybody.
• 20:22
  Everybody owns AI. American citizens own AI.
• 20:26
  These corporations that are controlled by whoever, even just their board of
• 20:30
  directors or whatever, or just this, the CEO,
• 20:33
  it's not going to, they should not be the ones that just like benefited from
• 20:37
  this system that we have, America has created, and then they just get crazy
• 20:41
  rich and they're just sitting on their throne while we peasants at the bottom
• 20:45
  are just trying to eat, trying to get crumbs.
• 20:47
  That's what will happen. I think everybody understands that and sees that that will happen.
• 20:53
  So this isn't capitalism versus socialism. The real question is how do we preserve
• 20:58
  the incentives that created AI while.
• 21:03
  America, if we get this further along to the world, humanity,
• 21:08
  but America, American citizens, instead of only to the people who own it,
• 21:13
  I would say that American citizens, American citizens,
• 21:18
  true-blooded, full-blooded American citizens, we should own AI.
• 21:22
  Whatever it benefits, whatever it creates, and it's like whatever's being pumped
• 21:26
  into it, these people that are giving all this money to it and putting all that in there.
• 21:31
  They're expecting a return on their investment and they're going to get a return
• 21:36
  on their investment, you know, big time, but they're benefited on the American
• 21:40
  system that we have in place.
• 21:42
  The wealthier are getting wealthier and they're going to get crazy,
• 21:45
  more like astronomically wealthier.
• 21:48
  And the people at the bottom, even just the normal, regular middle income or
• 21:54
  whatever, the wages or whatever, just, I just want to wipe out this wagey mentality,
• 22:00
  and just these corporations just owning people.
• 22:03
  If we really do want to harness AI, we need to get ahead of it and set up these
• 22:06
  structures that it does equally distribute to American citizens.
• 22:10
  American citizens have ownership in AI. It has to happen.
• 22:15
  So it's pulling from both sides the best of both, the best of the free market,
• 22:19
  the best of what you want, the bad word, the terrible word of communism,
• 22:22
  social, whatever you want to say of that.
• 22:24
  But just that I don't like that word, but just that equal distribution that
• 22:28
  American citizens should have more than enough.
• 22:31
  We shouldn't be just paying and just being screwed over. And I think that's
• 22:36
  what will happen if we don't get ahead of this.
• 22:38
  So I'm just saying this is Brandonism. This is my thought.
• 22:43
  And I think this is the only way that it is actually going to be beneficial
• 22:46
  and good for regular American citizens and even the wealthy.
• 22:49
  Everybody's going to get super wealthy. But I'm saying instead of just that
• 22:52
  select few that everybody gets crazy wealthy if you're American citizens. Right.
• 22:57
  That's where I would go with that. So that's my biggest thing.
• 23:01
  Let me know what you think about all that because I think this is the best way to go, Ward.
• 23:08
  It's instead of just being ideological that the free market,
• 23:12
  you know, that's it, that's it. Or, you know, capitalism, because those are
• 23:15
  what I would tend towards.
• 23:16
  But with AI, I think we have to pull in something of the equal distribution,
• 23:22
  the social distribution of wealth, of spreading that. We have to put something in place.
• 23:27
  All right, but we'll leave it at that. Drop a comment. Let me know what you
• 23:30
  think. And I'll see you on the next one. Have a good day.