That said, some people are now discussing a “societal singularity” wherein society breaks before the actual emergence of AGI. I believe this is the trajectory we are on. The question is what happens to the unemployed. Democracies will not tolerate mass permanent unemployment, as we’ve seen over and over again.

UBI is a scam, many middle class folks would be worse off under UBI than they are under the current system. They will fight to defend the economic status quo.

In the end, I think capitalism is incompatible with the emergence of AGI, and I think an aligned ASI will smash the capitalist system simply out of pure egalitarianism. (Note: I was previously a proponent of capitalism.) I think many people will die trying to defend capitalism. We’re at the beginning of the AI wars.