I'll agree with his assessment on AI but go a step further.
When you attempt to automate all of manufacturing, you eliminate millions of jobs. Millions of jobless people can't go get car loans. Car manufacturers can't survive without millions of people being able to get car loans and buy cars.
Maybe Elon is scared that with AI, all his factory robots will rise up one day and rip themselves from their pedestals and try to kill the human threat. Plus robots don't buy electric cars.
It's feedback loops everywhere you look in this type of economy and when one of the participants in that loop gets out of tenous balance, the whole thing crashes in in itself. So I think he only understands part of the problem with not only AI, which is highly dangerous, but total manufacturing automation as well. The maddening pursuit of continuous profit growth will eventually eat itself.
The idiots offered solution to this quandary is to "re-educate everyone in manufacturing" ....which simply shifts the imbalance into other career fields....the solution for that imbalance?...."well we will give everyone a basic income or some sort of stimulus money to prop up the economy" (which means free money print so that the lower echelon of society can continue to feed the beast that is the upper echelon and protect their completely irresponsible standards of living....and pray it "trickles down".....funny because not all of this stimulus will EVER trickle down as alot of it is just hoarded at the top. People keep believing that nonsense though.
And no, I'm not a Communist by a long shot. F@#K Marxism.... I believe in a balanced, fair, AMERICAN CENTRIC capitalist economy being the best idea... I don't subscribe to the whole "no regulation and yes free trade in a free market" Libertarian ideology either.
That's like saying the 21st Amendment solves alcohol abuse and all the trouble it causes. Ron Paul smokes the crack.
Sorry Fabs, I got off the road a bit
However this relevant to your comments popped up in my YT suggestions and Elon is in it
https://youtu.be/Cltgr0jfWE4
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