> Artificial intelligence is spurring intense innovative activity, and crucially promises to improve productivity. If the future of capitalism is anything other than mercantilism, it will rely on AI to make us more productive.
Damn, that's bleak. I think AI is more likely to tank capitalism than to reinvigorate it.
The only real problem about capitalism (and the rise of the right, as well as far left in some countries), is that everyone and their dog can vote.
If voting was limited to property owners that have individual economic agency not being dependent on earned income, like it was in the old days, democracy won't be threatened at all with periodic, normal and unavoidable economic crises, and these crutches supporting capitalism won't be needed.
Just take inflation. It is utterly irrational that inflation causes political upheaval it does. Because it is economically neutral - it's simply a convenient tool for the crooks to manipulate the masses by brewing their anger. If only the economically independent property owners could vote, inflation won't be a concern at all and economy could develop a lot better.
Yes right, it's one option. I think those made the best corpus of voters imaginable, i can't see any extreme party gaining any visibility with those people being in charge - neither woke nor MAGA. Most importantly these should be economically independent people because without economic independence there's no independence of thought.
> Artificial intelligence is spurring intense innovative activity, and crucially promises to improve productivity. If the future of capitalism is anything other than mercantilism, it will rely on AI to make us more productive.
Damn, that's bleak. I think AI is more likely to tank capitalism than to reinvigorate it.
https://archive.ph/9joCq TLDR: the "One Possible Fix" proposed is UBI
The only real problem about capitalism (and the rise of the right, as well as far left in some countries), is that everyone and their dog can vote.
If voting was limited to property owners that have individual economic agency not being dependent on earned income, like it was in the old days, democracy won't be threatened at all with periodic, normal and unavoidable economic crises, and these crutches supporting capitalism won't be needed.
Just take inflation. It is utterly irrational that inflation causes political upheaval it does. Because it is economically neutral - it's simply a convenient tool for the crooks to manipulate the masses by brewing their anger. If only the economically independent property owners could vote, inflation won't be a concern at all and economy could develop a lot better.
Is this some kind of weird trolling attempt or genuine ignorance?
I think "landed gentry" was the term you were looking for.
Yes right, it's one option. I think those made the best corpus of voters imaginable, i can't see any extreme party gaining any visibility with those people being in charge - neither woke nor MAGA. Most importantly these should be economically independent people because without economic independence there's no independence of thought.
Okay dude. Time to log off