Galbraith's 1958 diagnosis of a society that had solved the problem of production and discovered, to its considerable discomfort, that solving production did not solve living.
The affluent society was Galbraith's name for postwar America: a civilization whose factories hummed, whose shelves were stocked, whose automobiles gleamed in driveways stretching into horizons of private abundance. And whose inhabitants, by every measure of psychological well-being available, were not discernibly happier than their grandparents had been. The paradox was not mysterious. The affluent society had confused the means of living with its purpose. Production, which had begun as the instrument of human welfare, had become an end in itself. The economy did not produce to satisfy needs; it produced in order to produce, and it manufactured the needs required to justify the production. The AI economy reproduces this paradox at an accelerated tempo and with an intensity that would have impressed even Galbraith.
The Affluent Society
In The You On AI Field Guide
Consider the twenty-fold productivity multiplier. Twenty engineers, each operating with the leverage of a full team. The output is extraordinary; the capability expansion is genuine. But the question the multiplier raises —