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It appears like the logical conclusion of capitalism: the majority of people being made redundant due to AI/automation, and a small handful of corporations basically ruling the world.

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Compare this to the logical conclusion of capitalism that Marx put forward 150 years ago. For him, capitalism creates an ever-growing proletariat, a majority of the population being transformed into a commodity; individuals become interchangeable, and are payed only enough to have their basic needs met. The proletariat as a whole was a necessary condition though. Their labor produced value, the surplus of which went to the owning class.

Your take is similar, but instead now people will actually become redundant. Not even producing value anymore.

Things did not exactly turn out the way Marx thought they would. I certainly hope your prediction won't either!

my prediction isn't necessarily a gloomy one. once people become redundant in terms of their labour there are many possibilities. I see VR playing a leading role :)

Depends on us if that's the end of history, or just a stage though. ;)

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