Tuesday , November 5 2024
Home / Mike Norman Economics / RT — AI to choose your news? Microsoft to get rid of journalists & replace them with ROBOTS

RT — AI to choose your news? Microsoft to get rid of journalists & replace them with ROBOTS

Summary:
Coming to a job near you soon? Interestingly, there is push on the "far left" to completely automate and robotize, making wage workers obsolete.* These "futurologists" see this quantum leap in technological innovation and its scaled application as a "new mode of production" in the Marxist sense of making possible "new relations of production" based on treating technology as a public utility under public control and operated for public purpose rather than subject to private ownership. No Luddites allowed. MMT would suggest that this transition from private investment as the driver to public investment as entirely possible since the constraint is availability of real resources rather than finance. This also accords with R. Buckminster Fuller's vision of design science as doing

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.


Coming to a job near you soon?

Interestingly, there is push on the "far left" to completely automate and robotize, making wage workers obsolete.* These "futurologists" see this quantum leap in technological innovation and its scaled application as a "new mode of production" in the Marxist sense of making possible "new relations of production" based on treating technology as a public utility under public control and operated for public purpose rather than subject to private ownership. No Luddites allowed.

MMT would suggest that this transition from private investment as the driver to public investment as entirely possible since the constraint is availability of real resources rather than finance.

This also accords with R. Buckminster Fuller's vision of design science as doing more with less, his systems approach through the world game, and his view that while material resources may be finite, "metaphysical resources" (his words), that is, knowledge and know-how, are infinite in potential and only need to be developed through education in the broadest sense. While physical (biological) evolution underlies individual reproduction, psychic evolution underlies social reproduction.

RT
AI to choose your news? Microsoft to get rid of journalists & replace them with ROBOTS


* Aaron Bastani, Fully Automated Luxury Communism – A Manifesto (Verso). Short review here.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *