The rich and powerful have hijacked progress throughout history, says Daron Acemoğlu. They did so back in the Middle Ages and also now in the age of artificial intelligence. In an interview, the MIT economist dives into the question of whether Silicon Valley is plunging humanity into destitution.
Getting rid of capitalism is the first step to a better future. AI advances and productivity are completely and utterly incompatible with capitalism.
UBI and near 100% tax on all AI productivity gains are critical to avoiding the worst of the worst dystopian hellscapes.