Just listen to what the SV ownership class says out loud. They openly discuss how China cannot "win the AI arms race" and how China's development is existential. Existential to who? It's impossible to fully subjugate people with agency.
A friend of mine asked me if I was optimistic about AI. I told him, it depends on who owns it. If the people own it, I'm optimistic. If the oligarchs own it, I'm pessimistic.
What will happen? Massive. Deflation. What will you pay for an oil change? Corn? Meals? Everything is about to be free. But tokens will be expensive!! Sure but, you wont do white collar work anymore so it wont matter what tokens cost.