The difference between the AGI takeover and capitalism is just the choice of metric to optimize on.
Not specific to capitalism. The same thing occurs with any government/economic structure that is optimizing for a metric. Think of a communist government using “happiness” to drive decisions that just silently kills or drugs everyone who isn’t happy.
The fundamental difference of capitalism vs the other instrumental forces you are describing or intimating is that capitalism is self-reproducing. Through the explosion of the profit motive and the harnessing of wage labour it continually opens new markets, and demolishes limits to growth.
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Not specific to capitalism. The same thing occurs with any government/economic structure that is optimizing for a metric. Think of a communist government using “happiness” to drive decisions that just silently kills or drugs everyone who isn’t happy.
The fundamental difference of capitalism vs the other instrumental forces you are describing or intimating is that capitalism is self-reproducing. Through the explosion of the profit motive and the harnessing of wage labour it continually opens new markets, and demolishes limits to growth.
I agree with you that this isn't really specific to capitalism, and is specific to using metrics as proxies for values.