> If AGI is actually reached, capital as we know it basically becomes worthless
I see it as capital becoming infinitely more valuable and labor becoming worthless, since capital can be transmuted directly into labor at that point.
Labor will never become worthless until you have physical robots with AGI and the dexterity to do what an average human can.
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if agi is commoditized and labor is useless, what does anyone need capital for? paying ad time on monopolized social media channels?
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