Computers are the malignant exception. Up to 1975, the enormous value created by the agricultural and industrial revolutions, electrification era, transport and

Computers are the malignant exception. Up to 1975, the enormous value created by the agricultural and industrial revolutions, electrification era, transport and communications revolutions, etc were broadly shared by ordinary citizens and the owners of capital. Standards of living skyrocketed. It paid for things in the US like the TVA, social security, and the national highway system. Since the computer revolution in 1975, capital captured all of the value creation. Wages are flat. Standard of living declining. Inequality at its worst since the gilded age. The staggering wealth created by the computer revolution could have easily paid for universal healthcare and lowered the SS retirement age in the US, while leaving mountains of value intact for capitalists. Now we’re going to do the same thing with AI? This 50 year experiment in market fundamentalism has been bad for society and needs to come to an end.