Orwell's 1984 is often quoted and cited as a predictive novel. Few have even heard of, let alone read E.M Forster's short story THE MACHINE STOPS. It is set further into the future than 1984, but I feel on many levels this it is where we are heading, if we are not careful. In the interim, the levels of homelessness as a result of unemployment is going to skyrocket, which I wrote about in the following article: https://gavinchalcraft.substack.com/p/chairman-maosk-and-the-global-pussy?r=s3qz0
"Governments must act." Yes. And the first thing every government should do is take back control of the money-supply from the banks - and issue their own currency without debt and interest.
The issue of monetary policy, for sure is an interesting thought! It's definitely a crucial aspect to consider when discussing government action in response to AI's economic effects. But, as you know, the idea of governments taking back control of the money supply is a complex one, with potential benefits and drawbacks. Although, it is definitely worth exploring further how such a system might interact with the changes brought about by AI, such as potential shifts in labor markets and wealth distribution.
I wonder if Trump and Must et al have this in mind with the government crypto? I will ask some colleagues for their thoughts... have you seen anything on this? Of course it would initially be very disruptive.
In the late 1980s I became aware of 'where money comes from' (out of thin air) and wondered why this was and how this came about historically. The Goldsmith's Tale on youtube is quite informative in this respect.
It made no sense to me that governments - supposedly acting on behalf of the common good - would borrow money from a private banking system and pay interest on top as well. It seemed like the perfect system (for the banks that is) to call the shots on global affairs, with the common good not particularly figuring much on their agenda.
But since 'control' seems to be high on their agenda, then what they have in mind for AI as a powerful tool is likely to be pushed in direction that favours their current power-position.
I don't know much about crypto-currencies - if I see anything on this, I'll ket you know.
And we need to move away from a profit-centric economy to a value-based economy which for want of a better word is holistic. In other words, it must be of benefit to all levels of society and the impact it has on its surroundings. How the world has managed its fisheries is an excellent analogy as to how we have and are managing society. When we overfish one species it creates a massive imbalance in the overall ecology. If we strip this back further, it is simply the human condition which gets in the way. Until we evolve to a Higher Plane of consciousness we are little more than an invasive species. God should have thought twice before allowing the opposable thumb on such a dumb creature!
I have been thinking for a few years about the idea of a value-based economy and how AI could potentially challenge our traditional ideas about value and profit.
The analogy with overfishing is a powerful one. It highlights the potential for AI to create imbalances and unintended consequences if we focus solely on maximizing profit without considering the broader impact on society and the environment.
The idea that we need to evolve to a "higher plane of consciousness" is wise, but my dystopian view is that 10, maybe 20% of the population would and the rest will go to gladiator style arenas... Incidentally, the report does emphasize the need for a shift in our thinking about work, purpose, meaning and value in the age of AI.
Perhaps AI could even be a catalyst for this kind of evolution by freeing us from the constraints of traditional labor and allowing us to focus on activities that contribute to a more holistic sense of well-being.... as I say I only believe a smaller percentage may pursue this - but it might be enough of a catalyst.
As for the opposable thumb point... it does raise the question of whether we, as humans, are truly prepared for the power that AI is giving us?
I do think that AI has the potential to free us up, but I am not sure we are prepared for that as a society which is already so financially unequal, and how much good it does depends on how it was designed to learn in the first place, and that train has already left the station. Humanity has a habit of making advances believing it will sort out any negative impact down the road. Nuclear power is a perfect example. You also raise a serious question to my somewhat flippant comment about AI and opposable thumbs and it is an excellent question.
Yes, this is my deep concern - I remember writing about these levels in 2014 when the famous 47% of jobs paper was released - then even McKinsey said there would be massive civil unrest!
Orwell's 1984 is often quoted and cited as a predictive novel. Few have even heard of, let alone read E.M Forster's short story THE MACHINE STOPS. It is set further into the future than 1984, but I feel on many levels this it is where we are heading, if we are not careful. In the interim, the levels of homelessness as a result of unemployment is going to skyrocket, which I wrote about in the following article: https://gavinchalcraft.substack.com/p/chairman-maosk-and-the-global-pussy?r=s3qz0
"Governments must act." Yes. And the first thing every government should do is take back control of the money-supply from the banks - and issue their own currency without debt and interest.
The issue of monetary policy, for sure is an interesting thought! It's definitely a crucial aspect to consider when discussing government action in response to AI's economic effects. But, as you know, the idea of governments taking back control of the money supply is a complex one, with potential benefits and drawbacks. Although, it is definitely worth exploring further how such a system might interact with the changes brought about by AI, such as potential shifts in labor markets and wealth distribution.
I wonder if Trump and Must et al have this in mind with the government crypto? I will ask some colleagues for their thoughts... have you seen anything on this? Of course it would initially be very disruptive.
In the late 1980s I became aware of 'where money comes from' (out of thin air) and wondered why this was and how this came about historically. The Goldsmith's Tale on youtube is quite informative in this respect.
It made no sense to me that governments - supposedly acting on behalf of the common good - would borrow money from a private banking system and pay interest on top as well. It seemed like the perfect system (for the banks that is) to call the shots on global affairs, with the common good not particularly figuring much on their agenda.
But since 'control' seems to be high on their agenda, then what they have in mind for AI as a powerful tool is likely to be pushed in direction that favours their current power-position.
I don't know much about crypto-currencies - if I see anything on this, I'll ket you know.
And we need to move away from a profit-centric economy to a value-based economy which for want of a better word is holistic. In other words, it must be of benefit to all levels of society and the impact it has on its surroundings. How the world has managed its fisheries is an excellent analogy as to how we have and are managing society. When we overfish one species it creates a massive imbalance in the overall ecology. If we strip this back further, it is simply the human condition which gets in the way. Until we evolve to a Higher Plane of consciousness we are little more than an invasive species. God should have thought twice before allowing the opposable thumb on such a dumb creature!
I have been thinking for a few years about the idea of a value-based economy and how AI could potentially challenge our traditional ideas about value and profit.
The analogy with overfishing is a powerful one. It highlights the potential for AI to create imbalances and unintended consequences if we focus solely on maximizing profit without considering the broader impact on society and the environment.
The idea that we need to evolve to a "higher plane of consciousness" is wise, but my dystopian view is that 10, maybe 20% of the population would and the rest will go to gladiator style arenas... Incidentally, the report does emphasize the need for a shift in our thinking about work, purpose, meaning and value in the age of AI.
Perhaps AI could even be a catalyst for this kind of evolution by freeing us from the constraints of traditional labor and allowing us to focus on activities that contribute to a more holistic sense of well-being.... as I say I only believe a smaller percentage may pursue this - but it might be enough of a catalyst.
As for the opposable thumb point... it does raise the question of whether we, as humans, are truly prepared for the power that AI is giving us?
I do think that AI has the potential to free us up, but I am not sure we are prepared for that as a society which is already so financially unequal, and how much good it does depends on how it was designed to learn in the first place, and that train has already left the station. Humanity has a habit of making advances believing it will sort out any negative impact down the road. Nuclear power is a perfect example. You also raise a serious question to my somewhat flippant comment about AI and opposable thumbs and it is an excellent question.
Yes, this is my deep concern - I remember writing about these levels in 2014 when the famous 47% of jobs paper was released - then even McKinsey said there would be massive civil unrest!