Can we imagine a courageous state, rising to the challenge of creating employment to meet need?
Might tax be appropriately reformed?
The problem stems from this:
I also recognise that this means that some jobs are at threat. I also know vast amounts of work is currently not done: there are no shortages of opportunity for gainful work in society.
And, of course I recognise the risk from ‘super-intelligence’, most especially within politics, where ‘normal-stupidity’ is commonplace.
More particularly, the risk of further concentration of economic power in the hands of a few corporations is especially worrying.
The continued absence of effective means to properly tax IT companies might become an ever-bigger issue.
That will be exacerbated by the growing need of government for revenue, most especially as it becomes the major source of new employment in the essential public services that will be the real foundation of this new economy.
He’s assuming that only the state, those public services, can do any of the new stuff. As opposed to the usual economic idea that it is entrepreneurs who figure out new combinations of economic assets to meet human desires. Or, the same statement, hoping the bureaucracy is going to do this is like waiting for Godot.
It’s precisely because we don;t know what AI can and will be used for, what other human wants and desires can be met, that we need to use market experimentation to find out.