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Everything Is Possible, Nothing Is Inevitable: Why AI Might Be the Ultimate Scarcity Trap

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Sinopsis

Is the promise of AI abundance Silicon Valley’s biggest lie? That Was The Week publisher Keith Teare argues that while AI will inevitably reduce human labor and increase productivity, the real question isn't economic—it's about distribution. Who, exactly, benefits from all this abundance? Currently, it’s private companies like OpenAI and Google that own the technology; not you and I, the public. This creates what Keith describes as a fork in the road: either a techno-feudal nightmare where few own everything, or a techno-socialist cornucopia where everyone prospers. He points to points to experiments like Sam Altman's Worldcoin as potential solutions, but warns that without deliberate human action, abundance could easily become the ultimate scarcity trap.As you can tell from this conversation, I'm much more skeptical than Keith. While he sees inevitable productivity gains leading to a potential utopia, I see Silicon Valley's promises of abudance as largely self-serving fantasy. There is no fork in the road an