Why AI will break capitalism

https://medium.com/@HenryInnis/why-ai-will-break-capitalism-14a6ad2f76da#.a0fk31nab

by doener • 10 years ago

10 13 10 years ago

rmason• 10 years ago

When he posited the Luddites had a point he lost. AI is not going to endanger capitalism. Maybe someday a better system will be invented to replace it - but it won't be Socialism.

adam419• 10 years ago

One of my favorite quotes I think is relevant to this whole business of capitalism as good/bad/whatever:

"Capitalism is not a system, it's a word invented by some 19th century hipster to describe a situation where people freely buy and sell things" -abbreviated and author unknown

Point being capitalism is not a system....it is THE natural system. All else is a hinderance to it.

doener2• 10 years ago

If it is the "natural system" why did it emerge only in the 19th century after thousand of years of societies ruled by feudalism and other systems?

King-Aaron• 10 years ago

it is THE natural system

This is why almost all other group/pack species in the animal kingdom all have a central leader, because............ it's not the natural order of things. The idea of people being equal enough to contribute is only a recent concept to be fair.

woodandsteel• 10 years ago

Actually, what is natural to the human species is foraging by small bands, which is basically cooperative. Capitalism became dominate only when industrial technology made it possible to vastly increase wealth through large economic enterprises. Now with AI technology it looks like capitalism may soon no longer be the way to go.

DrPsyker2• 10 years ago

My intent (this is my article) with the Luddites was to show that technological change also drives social change. In the case of the Luddites, they accurately recognised that automation will eventually kill "jobs" (at least as we understand them). It's fairly logical that new governance emerges as conditions in society change.

mpbm• 10 years ago

But isn't that the whole point of technology? Ultimately we want to fulfill all our needs without any more effort than physics requires. As we get closer to that we have to shift society around, but isn't that a good thing?

bricss• 10 years ago

It depends on human ego who the win - capitalism, socialism or whatever.. But in this days we all servants, aren't we?

Why AI will break capitalism

Related Stories