In the last post, I discussed the implementation of AI and its use for controlling markets, governments, and people. In this post, I will do the opposite: Talk about why AI is deficient. To reconcile these two seemingly contradictory positions, we will then discuss how AI becomes powerful if society becomes homogeneous. The fact is …
In classical economic theories, the “market” is an abstract entity, used by everyone, but owned by no one. It could be regulated by a government by enacting the rules and regulations of market transactions, but even the government did not own the market (unless it was the sole producer and consumer). In fact, nobody could …
Many people realize at present that there are problems with capitalism, but opinion is divided on what should be done about it. This post explores the alternatives to capitalism and their problems. The reality is that there are no provably stable economic models today. Centuries of economic studies have failed to provide a theory or …
