
1 year ago… I’ve always thought that the only way to rationalize AI is for AI usage to subsidize unemployment/UBI. There have been very public negotiations around what happens to AI from here in the form of headlines and truth social posts… AI wants regulatory capture, while People do not want to give it and more so want economic and job security. My take is that Trump and team want to see this sort of thing (AI to contribute economic benefit to citizens to counteract job displacement and economic impact). The fear mongering headlines of previous weeks surrounding AI have been an attempt for AI companies to be granted regulatory capture. AI boosts productivity. Long term definitely net positive. The short term effect is undoubtedly net negative. Look at Adobe, and their entire suite of products getting recreated and open sourced. It’s only just begun. Renaming Artificial Intelligence to Super Intelligence is a distinction surrounding AI to replace people vs AI to empower people. I suspect that this will conclude with a US sovereign wealth fund owning significant stakes of US AI companies, which, is a far better middle ground than regulatory capture. And this idea goes far beyond AI. Because everyone knows Social Security is a scam and we can’t trust the government with anything related to money. Government and Fed is also far too slow and often wrong about what changes to make and often can’t even agree on the changes to be made, even if they’re beneficial… if instead, US social benefits are directly tied to the very companies that make up America, through a sovereign wealth fund, we aren’t trusting the government to provide benefits, we are trusting the markets ability and share in the upside. That is why Trump accounts are important. And ultimately, how you end wokeism… by providing the people who think communism is cool a new incentive structure which actually makes them care about the companies that make up the country they live in… because they benefit from said companies. It also prevents fraud and abuse, since there is no middle man or legislature required to improve or change benefits… when American companies succeed, the program benefits improve proportionately. Not to mention, the amount of scrutiny surrounding public companies far exceeds the scrutiny individuals can place on government operations and arms length shell companies run by politicians or their family. The politicians can’t single-handedly change how markets perform significantly and to their benefit.
