Economic policy for AGI

jaggederest

My read, but the effective policies are infeasible, and the feasible policies are largely business as usual. Pretty much precisely as expected, honestly. I struggle to see how anything like this is going to be implemented without business as usual changing in ways that the current system is extremely resistant to.

dyauspitr

Though AGI isn’t here yet (and in my opinion will only be marginally useful until we have physical AGI), we need to speedrun the painful bits so we can get to the other side in one generation. We need to bear the brunt of it and be the sacrificial generation.

312iuz

I'd rather read an analysis from the World's Socialist Website than from the perpetrators. What are your concrete plans now for the 30,000 Oracle employees that have been fired because Larry got overly ambitious with AI?

arbirk

Embodied robots is the most significant threat imo. Capital can be taxed but for now we have few general policy frameworks for the "who gets to walk and drive on the street" question

SoftTalker

> Yet in the short term, significant transformations have often also produced lower wages for many, hollowed out regional economies, and deepened inequality. "Short term" being rather loosely used? Most industrial regions have never recovered. Look at Gary Indiana, Detroit and surrounding towns, Toledo, other regions that were dependant on manufacturing or mining. Most have been stagnating for decades; few have found a path back to a thriving economy.

mschuster91

> Amid this uncertainty, there are at least a few reasons for hope that society can better manage a disruptive technological shock this time around. In the past, policymakers were limited by weaker and less knowledgeable institutions than we have today. Social science has made strides in understanding how technological shocks unfold and how to measure the impact of new innovations on labor markets. We also know more about the toolkit governments have to implement policies and how to scale them quickly. We as in "humanity as a whole" might have the knowledge and the tools... but only in theory. In practice, most Western governments are falling to the far-right / ultra-libertarian populist crowd. They will not apply what should be done (tax the rich profiting off of AI and redistribute that) simply due to it running contrary to their ideology. And on top of that, most Western countries never came off of the debt they took on during 2007ff, instead adding much more debt during and after Covid and now the Russian war against Ukraine, and probably at least some will also finance urgent aids for the people due to the Iran War with debt.

peter-m80

What about socializing the means of production???

jay_kyburz

I think this is a very interesting topic to discuss, and its a shame there is not more detail about how each policy is implemented, or how they might interact with the many other compounding issues we are dealing with. I would love an opportunity to take my pet ideas and tune them for better scores. To take the data and run it through the AI again over and over. I would also like to tune the scenario to consider the consequences of thousands of competing AGI's, getting serious about fixing the climate, and the danger of idle hands.

misano

We are moving closer to the future Marx envisioned as a utopia—not through a workers’ revolution, but through capitalist productivity.