Capitalism vs. Robots – which is more terrifying?

An excellent article here for your consumption.

Science, Technology, + Culture

In an article that recently resurfaced on Reddit, Famed Astrophysicists Stephen Hawking argues that we should fear capitalism more than robots. I think the timing of this is somewhat interesting, being an election cycle and the two populist candidates are opposites in many regards especially in terms of Democratic Socialism vs. Crony Capitalism (Sanders v Trump). In the broader context of emerging technology this is important as well though, as many other technology leaders have expressed fear of AI, such as Elon Musk, while other leaders are running full steam ahead towards more and more automation.

Hawking isn’t the only person thinking about the economy and technology though. Warren Buffet just released Berkshire Hathaway’s annual report with some pretty stark warnings about the future of capitalism in action at the corporate level. Indicating that innovation does have a darkside. While he’s speaking as a manager, there are economists looking into…

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