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Stratechery has many insightful posts but I don't think this one is accurate. The author writes that the new order will be made up of government, tech and indi
by IsaacL 10y ago
Stratechery has many insightful posts but I don't think this one is accurate.
The author writes that the new order will be made up of government, tech and individuals. "Corporations" are intentionally absent from the new order. But people will still need to form organisations to achieve collective goals, which will need legal documents stating their purpose and governance, i.e. "corporations". Corporations will still have to be funded by either selling goods and services, donations, or state funding, ie be for-profit, nonprofit, or governmental.
I don't think the gig economy is a replacement. Unless AI gets much, much better than the state-of-the-art, I don't see skilled professionals or managers being replaced any time soon. All this automation/AI/DAO hype assumes that AI is much more capable than it really is and that most jobs are much simpler than they really are. For a concrete example, visit a large and busy McDonalds and notice how much work the shift managers have to do to deal with surprise situations and blockages (there's a rulebook they follow, but it's nontrivial to apply to reality). That's just one job which couldn't be handled by a deep learning algo. And McDonalds is a well-oiled machine, most businesses are much more error-prone and inefficient.