New: Try my AI Bot new film

TAG

Economic inequality

Why Capitalism as we know it is unfit for the Future

Covid-19 Has Accelerated the Demise of Traditional Capitalism 2019 was a year of great prosperity and innovation, with stock markets booming, democracy thriving (well, maybe not quite in the US;), and unemployment at near record lows throughout much of the developed world. But then, Covid-19 struck and changed everything as half the world went into lock-down, economies and supply chains ground to a halt, unemployment skyrocketed, and the world suffered its greatest health/humanitarian crisis since World War II.

Read More

Artificial Intelligence And Income Inequality (via HuffPo)

“Income inequality is a well recognized problem. The gap between the rich and poor has grown over the last few decades, but it became increasingly pronounced after the 2008 financial crisis. While economists debate the extent to which technology plays a role in global inequality, most agree that tech advances have exacerbated the problem.

In an interview with the MIT Tech Review, economist Erik Brynjolfsson said, “My reading of the data is that technology is the main driver of the recent increases in inequality. It’s the biggest factor.”

Which begs the question: what happens as automation and AI technologies become more advanced and capable?”

Artificial Intelligence And Income Inequality
https://www.huffingtonpost.com/entry/artificial-intelligence-and-income-inequality_us_58cafe92e4b07112b6472beb
via Instapaper



Read More

newsletter

* indicates required
latest book