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I can guarantee the opposite will happen. Just have to read some history. A great example is the Gilded Age and what followed after the peak. Why didn't the g
by jasdi 2y ago
I can guarantee the opposite will happen.
Just have to read some history. A great example is the Gilded Age and what followed after the peak.
Why didn't the grand masters like Rockefeller, Carnegie, JP Morgan control where the story went? How did the system prop up an Ida Tarbell, Upton Sinclair or Teddy Roosevelt? Similarly when interesting characters like that don't emerge eg China or Russia the story goes in very different directions for the people who run Companies. Companies and what they are upto can look very mesmerizing but they really aren't. The British East India Company had more resources and land than the British Govt yet where are they today?
Firms (or any large grouping) and what ever they believe, are a part of much larger systems. They are not The System but part of the Ecosystem.
People inside and outside the firm forget that all the time. History is full of examples of what happens after that. Another great example is why did Central Banks emerge all around the world? What do you think was happening before when the power to issue Currency was in the hands of individual Banks or Kings?
If AI does replace jobs massively we will get UBI type systems just like we got Central Banks whose goal is Ecosystem Stability.
- chii 2y ago> If AI does replace jobs massively we will get UBI type systems wishful thinking. A more viable and realistic alternative is to let those who are useless post-ai to die. UBI only works if the production of resources is "free", and i do not foresee such a future until the entire globe is united under one gov't, and we become a type I civilization capable of harvesting all energy on the planet.