It's almost hilarious if you think about it. The 'Abundance' narrative that 'nobody will need money any more after AI takes over'.
The AI industry is spending billions on ads, propaganda, & lobbying trying to convince middle-class Americans that after we lose our jobs to AI, there will be such an era of 'Abundance' that we won't need any income or any money to pay our mortgages, property taxes, medical bills, or child care fees.
Meanwhile, they're spending exactly zero dollars trying to convince
- banks that they won't need to keep charging principal & interest on the mortgages they've issued
- local counties that they won't need to keep collecting property taxes
- hospitals that they won't need to keep charging copays or billing insurance
- child care centers that they won't need to keep charging parents, or paying child care workers
- investors that they won't need to see any dividends from AI stocks they own
- AI developers that they won't need to be paid by AI companies
- AI executives that they won't need to worry about their equity stakes in their companies
This is how stupid & naive they think we are.
They only try to sell the 'Abundance' narrative to workers facing unemployment -- not to any other civilizational stakeholders.