Stowe BoydIt is the elites – cut off in their dark-limo world – whose project looks as forlorn as that of the millennial sects of the 19th century. The democracySee more of riot squads, corrupt politicians, magnate-controlled newspapers and the surveillance state looks as phoney and fragile as East Germany did 30 years ago.
William L. AndersonIn a letter to the New Yorker on a review of a biography of Ayn Rand, Lisa Turner writes, “[C]apitalism, in its most extreme form, is the mirror imageSee more of Communism—cold, inhuman, inhumane, intractably greedy, and full of contempt for the individual, as well as for societal ideals as a whole.” I agree. [ reposted from http://bandstands.tumblr.com/post/271886996/on-unfettered-capitalism ]
Glyn BrittonWhich is possibly why management consultants are rattled, as the 'professional services' they've been selling at super-premium prices for 40 years are actually mostly about repeatable process, which be replaceable by machines.
Stowe Boyd> New AI techniques are poised to reinvent everything from manufacturing to healthcare to Wall Street. In other words, it’s not just blue-collar jobsSee more that AI endangers. “Several of the rock stars in this field came up to me and said: ‘I think you’re low-balling this one. I think you are underestimating the rate of change,'” McAfee says.
> That threat has many thinkers entertaining the idea of a universal basic income, a guaranteed living wage paid by the government to anyone left out of the workforce. But McAfee believes this would only make the problem worse, because it would eliminate the incentive for entrepreneurship and other activity that could create new jobs as the old ones fade away. Others question the psychological effects of the idea. “A universal basic income doesn’t give people dignity or protect them from boredom and vice,” Etzioni says.
> Also on researchers’ minds was regulation—of AI itself. Some fear that after squeezing immigration—which would put a brake on the kind of entrepreneurship McAfee calls for—the White House will move to bottle up automation and artificial intelligence. That would be bad news for AI researchers, but also for the economy. If the AI transformation slows in the US, many suspect, it will only accelerate in other parts of the world, putting American jobs at even greater risk due to global competition.
Worth your attention
Discover, save, and read the best links from around the web.