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This will only be good for our economy, any argument against is arguing against the entire trajectory of human technological advancements and its benefits to ec
by mindcrime 4y ago
This will only be good for our economy, any argument against is arguing against the entire trajectory of human technological advancements and its benefits to economic growth.
But that's not as big a deal as one might think. In many ways this is just restating the Problem of Induction[1]. We don't know that the future will always resemble the past, or that trajectories will remain the same over time. An exponential function, for example, looks linear if you zoom in sufficiently. Without the broader perspective, how can you know you're on an exponential curve (or whatever). It's not so different from how you can't easily tell that the Earth is spherical by just glancing out of your window.
This is creative destruction and it is the engine that drives economic growth. It can only be a good thing.
Don't get me wrong... I'm a Libertarian and very pro-Capitalism and generally agree that Creative Destruction has been and likely will continue to be a force for productive change. But even I won't go as far as saying that it can only be a good thing. Who knows what kind of Black Swans[2] are waiting around the corner?
[1]: https://en.wikipedia.org/wiki/Problem_of_induction https://en.wikipedia.org/wiki/Problem_of_induction
[2]: https://en.wikipedia.org/wiki/Black_swan_theory https://en.wikipedia.org/wiki/Black_swan_theory