- Challenges in predicting post-singularity economics:
- Non-linear growth: Economic models based on historical data may break down.
- New economic paradigms: Traditional concepts of scarcity, labor, and value might need to be redefined.
- Rapid change: The speed of change could outpace human and institutional adaptation.
- Skepticism and counterarguments:
- Gradual transition: Some argue that economic changes will be more gradual and manageable.
- Human adaptation: humans have historically adapted to major technological shifts.
- Regulatory controls: governments might implement policies to slow or control the economic impact of AGI.