Capitalism has always been a tension between capitalists, who want maximum return on capital and workers, who want pesky things like a living wage, sick leave or safe work conditions.
For the longest time, the only power labor has had to get those things was the power of collective bargaining. No agreement with your workers meant no production happened.
Now, there's finally a chance at salvation. The capitalist Messiah is AGI and it will finally deliver them from those annoying laborers.
This ideological bent is why they're putting everything they have into AI. It's why VCs and their fellow capitalists are going so crazy.
They see it as a way to finally solve the contradictions of their ideology, but in reality it'd only create a new one: If everyone's out of a job, who will buy their products?
AI will make human thought economically useless. In the new economy, the one economically useful thing we will be able to do is legal property ownership.
The underlying purpose of AI is to allow wealth to access skill while removing from the skilled the ability to access wealth. (read on HN, not my words)
It doesn't matter that I can't do it. They'll pay me lots of money if they think I can.