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if most countries will not be able to tax ultra-profitable A.I. companies to subsidize their workers, what options will they have? I foresee only one: Unless th
by T-A 9y ago
if most countries will not be able to tax ultra-profitable A.I. companies to subsidize their workers, what options will they have? I foresee only one: Unless they wish to plunge their people into poverty, they will be forced to negotiate with whichever country supplies most of their A.I. software — China or the United States — to essentially become that country’s economic dependent, taking in welfare subsidies in exchange for letting the “parent” nation’s A.I. companies continue to profit from the dependent country’s users
Or they could just require that services targeting their residents be provided by locally incorporated and taxed subsidiaries. China itself already does so with its Great Firewall and requirements that foreign companies partner with local ones; Russia's rule that personal data be kept on servers in the country is another example.
In that light, the "real threat" is nationalization and compartmentalization of the once global network as its growing economic importance makes a hands-off approach politically untenable.
- maxander 9y agoRussia and China are giants, though, with substantial economic clout- and, further, it's not clear that measures like those would actually solve the capital flow problems the article describes. If you're a small country like Belgium or Finland, your realistic options will be even more limited.
- T-A 9y agoUnless you happen to be a member of the world's largest common market. Germany alone has 3x the GDP of Russia.