It's similar to how, near the end of a Monopoly game, a player might indiscriminately hand over a stash of $100 bills to acquire Mediterranean Avenue, even though the property is mortgaged.
Which analogy(s) are you going for? The world is about to end so money is essentially worthless? The players with all the money are going to move on to something else soon? The game ceased to be fun for anyone so they all want to find other things to do?
I assume you are going for “there are no more useful resources to acquire so those with all the resources overpay just to feel like they own those last few they don’t yet own”.
I saw the ‘forgetting about money, moving on to other challenges’ thing happen about 30 years ago. A childhood friend sold his company for about 300 million (a billion in today’s dollar devaluation?). My friend and his wife continued to live in their same house. The only thing he did was to purchase eight houses for extended family members who didn’t own their own homes, he also got his daughter expensive horse back riding lessons and a horse, and he said he and his wife drank more expensive wine. He did continue to play “The Infinite Game” by staying in the tech industry - it seemed like he loved the game, the money was only to help other people in his life.
Yes but countries are run by governments, which are composed of people, who can be bribed. If you believe that AI will make you the richest person in human history, you presumably can see that the problem of government can be solved with enough money.
Presumably they think that, whatever chance they have of becoming kings if they get there first is more than the chance if someone else does. In we get AGI, we is doing all the work.
If capitalism breaks it will be to the benefit of very few.
Granted, capitalism needs maintenance.
Externalities need to be consistently reflected, so capitalism can optimize real value creation, instead of profitable value destruction. It is a tool that can be very good at either.
Capitalism also needs to be protected from corrupted government by, ironically, shoring up the decentralization of power so critical for democracy, including protecting democracy from capitalism's big money.
(Democracy and capitalism complement each other, in good ways when both operating independently in terms of power, and supportively in terms of different roles. And, ironically, also complement each other when they each corrupt the other.)
