Comment It has a great potential. (Score 1) 71
For now, I know it will be plagued with problems. High costs, lots of bugs, etc.
But it's just matter of time it will work well.
Then what?
Then it depends in the next bottleneck. What limits our consumption?
There are different possible bottlenecks. One is wealth distribution. It doesn't matter if there are lots of people if robots owners accumulates most of the wealth so consumption of the most is limited or reduced, so the total consumption doesn't increase. That's turn into a dystopia.
Another is resources. We are in a transitional model from limited resources using in a inefficient way towards a new close circle renewable usage of resources. In the meantime, resources can limit the total production capability. In fact, massive automation can make this worse, so it's need to advance here as quickly as possible.
An third is just human desires. A different way of living and culture can just limit our own consumption.
If the three occurs. Wealth redistribution, sustainable resource usage and a rejection of consumerism culture, then the consumption per person in Earth can peak. And if population peaks, also peaks the total production. And as AI and robots advances, our society will need to change as the old job centered model won't work anymore. We won't produce to consume. Robots can do that. We will only work for enjoyment and self-fulfillment, because it's healthful for us (in a moderate level).
There are multiple dystopian futures, but also utopian futures as well, where our moral values changes and humankind can refocus to new goals and ways of living.
I don't expect a soft transition, but still I'm optimistic with the final outcome after some social tensions. More like the previous century. (Let's hope it doesn't include World Wars)