I saw an interesting article on the pace of AI job dislocation and the need for Universal basic income here; https://thehill.com/opinion/finance/5713876-ai-displacement-and-ubi/
I've written about the need for Universal basic income and ecological economic transition for some years; with additional ideas about a need to change to ecological economics and to bring democracy in so people can vote on what sort of no net loss of ecosphere and entropy increase minimizing production businesses they want to allow to be capitalized.
One would need a cap on individual capital assets in order to keep democracy effective for wealth has political power with it. Yet society could vote for public capital to be allocated to business ventures to scale up proven models when they integrate well into overall social land-use and economic structures.
It is questionable if human workers will be needed for any jobs within ten or twenty years, and the ecosphere will need recovery from the economic maladjustments that have trimmed its health the last couple of centuries with pre-ecological economic knowledge methods. Voters may choose to elect representatives to manage AI created ecological economic planning and business models to actualize.
The form of an economic system that is created and operated by AI and robots may be separable, with sobriety, from democracy and the question of government management of the economy through the choices voters choose in their state and nation to field with AI, robots and natural resources. International relations to allocate resources to various business developments operated by AI and robots will be important- the asymmetric distribution of natural resources will mean that the standard of living in some nations and states may tend to depend upon their natural resources and the surplus value more efficient ecologically sustainable economic planning operated by A.I. may be able to create.
If there is a lot of efficiency such that export surpluses may be created without significant economic harm to sustainability then even resource poor nations may experience a substantial rise in their standard of living simply from a principle of sharing excess wealth.
An advanced peaceful civilization’s economy operated by A.I. and robotics may not be said to be capitalist or socialist antinomies; those terms tend more toward anachronism when an advanced ecological economic social structure and political economy become necessity and actually become a natural function of the environment people inhabit.
