AI Fortunes Are Reviving an Old Debate About Private Power(ai-updates.net) |
AI Fortunes Are Reviving an Old Debate About Private Power(ai-updates.net) |
What you need here is antitrust enforcement and lower barriers to entry so that there are more companies that are each smaller, and correspondingly more millionaires and fewer billionaires.
On a similar note I keep thinking that having your "content" used as training material for a model ought to entitle you to a proportional stake.
Sounds great! If I'm a worker who owns the means of production and I want to sell that stake to someone else, am I allowed to do so? If not, do I actually "own" anything?
You've really lost the plot.
We're not talking about widows with a pension who are just interested in dividends. This isn't some utility.
It seems like that just supercharges brain drain by incentivizing all the smartest and richest people to just move away to a place with lower taxes and less bureaucracy.
Free market capitalism won't save us from a future were automation reaches a point that it creates a large, unemployable underclass. And that's the future the tech and business elite have been promising us (at least until they belatedly realized that was the quiet part they shouldn't be saying out loud).
I'm going to take their word on those promises, when considering regulation to constrain them.
> Both have their issues, but nothing compared to communism. There's still time to correct course without that nonsense being involved.
I would like a communism that is basically capitalism, but with the capital more-or-less evenly distributed among the workers. Keep a lot of the economic system, but replace it with other things: mutuals, worker-owned businesses, maybe 50-50 JVs between labor and investors, some "all of the above" combination, etc.
Yeah, won't anyone think of the poor oligarchs, openly fantasizing about creating a permanent underclass?
And the only thing that didn't work out well in the past was central planning by state-owned businesses with 20th century technology. The structure I proposed is nothing like that.