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 that society has been progressively homogenizing...
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 say what the market really was,...
Since the 1960s, when computers first appeared, a machine that can think just like humans was claimed to be just a few years away. This idea has been called Artificial Intelligence (AI) and it reappears every few years in a new form, the latest being the brouhaha around “Machine Learning”, “Deep Learning”, etc. The algorithms and techniques underlying these trends have...
