> When everything gets automated, the 99% become capitalists and the 1% are labor.


Hmm, wow. Gotta think on that.https://twitter.com/balajis/status/1354012705003249664 …
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Replying to @MorlockP
I'm visualizing a lot of those "capitalists" as winding up like the noble aristocrats who kept their titles while losing their fortunes. Form, no substance.
1 reply 0 retweets 3 likes -
Replying to @KarlKGallagher
the way I interpreted it (and
@balajis plz correct me if I'm wrong) is that as automation means we need fewer and fewer star athletes / stock traders / celebrity lawyers, 1% of pop ends up doing those jobs (or any jobs) and the other 99% own fractional shares of complement tools3 replies 0 retweets 4 likes -
I'm visualizing the low-IQ end of the 99%s losing their shares gambling or whatever. We'd re-sort into 1% workers, 69% capitalists, and 30% penniless.
2 replies 0 retweets 3 likes
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