"Any human with above room temperature IQ can design a utopia. The reason our current system isn’t a utopia is that it wasn’t designed by humans. Just as you can look at an arid terrain and determine what shape a river will one day take by assuming water will obey gravity, so you can look at a civilization and determine what shape its institutions will one day take by assuming people will obey incentives."
-Scott Alexander, in
http://slatestarcodex.com/2014/07/30/meditations-on-moloch/
(Yes, I did just push this post twice in a day. It's really good, you should read it. :V)
More quotes!
"Once a robot can do everything an IQ 80 human can do, only better and cheaper, there will be no reason to employ IQ 80 humans. Once a robot can do everything an IQ 120 human can do, only better and cheaper, there will be no reason to employ IQ 120 humans. Once a robot can do everything an IQ 180 human can do, only better and cheaper, there will be no reason to employ humans at all, in the unlikely scenario that there are any left by that point."
"In the earlier stages of the process, capitalism becomes more and more uncoupled from its previous job as an optimizer for human values. Now most humans are totally locked out of the group whose values capitalism optimizes for. They have no value to contribute as workers – and since in the absence of a spectacular social safety net it’s unclear how they would have much money – they have no value as customers either. Capitalism has passed them by. As the segment of humans who can be outcompeted by robots increases, capitalism passes by more and more people until eventually it locks out the human race entirely"
"(there are some scenarios in which a few capitalists who own the robots may benefit here, but in either case the vast majority are out of luck)"