"We need to rethink the very basic structure of our economic system. For example, we may have to consider instituting a Basic Income Guarantee." - Dr. Moshe Vardi, a computer scientist who has studied automation and artificial intelligence (AI) for more than 30 years

The thing about the digitizing and automation we're seeing right now is that wealthy people have a lot of interest in finding reforms as well. Our economic system is build around the consuming power of the middle class. I mean, there are a lot of beneficial sides to having wealthy people, but a person with a fortune comparable to a 100 million members of the middle class won't be ordering 100 million pizza's on a friday night. Or put bluntly, wealthy people rely on poor people to remain wealthy.

There are a lot of different political systems which allow exploitation of the poor, but most of them are fairly unsafe or unstable. In Russia quite a few former Billionaires are rotting away in prisons because they didn't play on team Putin. We've seen a bunch of dictators get overthrown in the middle eastern region, Africa and Asia in recent years, and with those went a lot of the elite. Basically the only way for a dictatorship to work is for it to have oil and play ball or own nuclear weapons. The oil bit isn't a good strategy considering it ties your stability to the oil consumption of the international middle class.

Which means that if we want a free society with something that resembles a free market, then we're going to need economic reform and it's something you should be interested in regardless of which end of inequality you're on. It would be nice if we somehow managed to combat inequality in the process, and that alone might be enough to get the wealthy involved.

I doubt we're going to do any meaningful change in time though. I mean, we've been perfectly fine doing nothing about climate change for more than 30 years and that stuff is killing only the habitable planet we know of. If you ask me, our future is going to be worse than what you find in the darker cyberpunk.

/r/Futurology Thread Parent Link - huffingtonpost.com