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Imagine an AI with the power of computation and prediction such that it could centrally plan an economy better than capitalism, communism, or anything else in b

Imagine an AI with the power of computation and prediction such that it could centrally plan an economy better than capitalism, communism, or anything else in between or more extreme, by whatever measure you pick. That same predictive power would let it compute price movements in an open market better than humans too. By doing so it could accumulate the financial, and then the political power required to in fact control the economy. So if an AI with such power comes to exist, whether we choose to let it distribute society's resources may not matter.

bergenty 4y ago
I’m sure an AI that can do that is not all that far away. The problem is how do you wrench power away from the rich and powerful. Some people just want to feel superior to others so we’re going to have to provide another way of making that happen. That’s a whole paradigm shift and only then will people accept what the AI is telling them.
- bequanna 4y ago
  Why would you need to “wretch power” at all? AI is better at determining the right price? Beat the capitalists at their own game and speculate (buy/sell) in the free markets. Reinvest the profits and soon the AI will just own everything. Before you know it, we’ll hit that sweet singularity and all be back in our 21 year old bodies sipping corona on the beach.
  - frozencell 4y ago
    What will we do?
  - FastMonkey 4y ago
    Ha, aren't you describing wall street right now? We're already living this!
    - bequanna 4y ago
      So you're saying the most efficient capital allocators are getting more capital to allocate. Huh. If only we could build a system around that idea... ;)
  - daniel-cussen 4y ago
    I think this is why Millennials don't own any land. If you COULD come up with AI the middle-school dream is using it to buy a lot of land. There's a social dimension to this. I have heard through rumors of 2 people "buying" (ie with a mortgage, not really buying because there is a commensurate loan and they're not net ahead) a house. 2. Out of thousands, like it's impossible. No, let's see, no there's 3. Yeah 3 out of like six thousand. The 99.95% can buy a house. Well I haven't tracked the really rich friends from among them, the heirs, but that's exceptional. Dude it's a shitshow. Everyone born after like 1981 is just getting fucked out of rent every month. Always behind on the landlord's allowance. Behind on his monthly rape. It's literally that, pay up or you're on the street getting raped, it's literally that for women (my sister worked in a nonprofit that helped evicted women they were getting fucked) and that's why broke beautiful women don't live in California, they leave. Get evicted, morally can't become a prostitute, packs her shit. I witnessed this, the party scene in SF sucks compared to 2011-2012. Gorgeous girls don't give it a chance because the rent is disgusting. You literally get government help if you make under $120000 a year, because the rent is extortionate. Rape extortion. Because cops don't help the homeless, and the homeless is whoever is behind on rent.
- mattwilsonn888 4y ago
  You may understand AI but you certainly demonstrate little understanding of basic economics.

bergenty 4y ago

I’m sure an AI that can do that is not all that far away. The problem is how do you wrench power away from the rich and powerful. Some people just want to feel superior to others so we’re going to have to provide another way of making that happen. That’s a whole paradigm shift and only then will people accept what the AI is telling them.

bequanna 4y ago
Why would you need to “wretch power” at all? AI is better at determining the right price? Beat the capitalists at their own game and speculate (buy/sell) in the free markets. Reinvest the profits and soon the AI will just own everything. Before you know it, we’ll hit that sweet singularity and all be back in our 21 year old bodies sipping corona on the beach.
- frozencell 4y ago
  What will we do?
- FastMonkey 4y ago
  Ha, aren't you describing wall street right now? We're already living this!
  - bequanna 4y ago
    So you're saying the most efficient capital allocators are getting more capital to allocate. Huh. If only we could build a system around that idea... ;)
- daniel-cussen 4y ago
  I think this is why Millennials don't own any land. If you COULD come up with AI the middle-school dream is using it to buy a lot of land. There's a social dimension to this. I have heard through rumors of 2 people "buying" (ie with a mortgage, not really buying because there is a commensurate loan and they're not net ahead) a house. 2. Out of thousands, like it's impossible. No, let's see, no there's 3. Yeah 3 out of like six thousand. The 99.95% can buy a house. Well I haven't tracked the really rich friends from among them, the heirs, but that's exceptional. Dude it's a shitshow. Everyone born after like 1981 is just getting fucked out of rent every month. Always behind on the landlord's allowance. Behind on his monthly rape. It's literally that, pay up or you're on the street getting raped, it's literally that for women (my sister worked in a nonprofit that helped evicted women they were getting fucked) and that's why broke beautiful women don't live in California, they leave. Get evicted, morally can't become a prostitute, packs her shit. I witnessed this, the party scene in SF sucks compared to 2011-2012. Gorgeous girls don't give it a chance because the rent is disgusting. You literally get government help if you make under $120000 a year, because the rent is extortionate. Rape extortion. Because cops don't help the homeless, and the homeless is whoever is behind on rent.
mattwilsonn888 4y ago
You may understand AI but you certainly demonstrate little understanding of basic economics.