Multi-Billionaire Worried by AI and Unemployment, Says Wealth Gap Will Lead to Social Warfare, ENDORSES book by a Steemit Creator!
Hi Steemit,
Multi-Billionaire Johann Rupert, CEO of luxury giant Richemont, speaking at the Financial Times Business of Luxury Summit, took a stance against the growing wealth gap, calling it 'unfair' and 'unsustainable'.
I was probably even more surprised than you when he urged people who didn't believe him to read my book "Robots Will Steal Your Job, But That's OK" (which I published on Steemit two month ago) as proof of the next wave of unemployment brought by Artificial intelligence and automation.
In this video I analyze the motivations that might have led him to be so outspoken, and what this means for society.
The #SteemTubeExperiment
This is the second post of the series "The SteemTubeExperiment: bringing YouTube superstar creators to Steem".
I'm a best-selling author, internet creator and I manage a community of hundreds of YouTube superstars.
- I will post a selectio of my YouTube videos on Steem (#SteemTubeExperiment), recording the results and feedback
- I will document the process and challenges I find as a creator on Steem
- If my experience on Steem is positive, I will tell other superstar YouTubers about it
Do you like what I write? Consider upvoting this post on Steem :)
Where to find me:
Looking forward to watching this play out.
I think it could win some serious converts pretty quick.
Provided the YouTube stars understand the value of investing BACK into the platform by PowerUps and voting, the value proposition should be clear for anyone intelligent enough to build a brand on YouTube that earns a living.
Great stuff! Upvoted!
That Steemit got your work recognized two months after publishing is a feat on its own. I'm looking forward to the experiment, and to reading your work.
Great post.
Read Jeremy's book many years back and knew he was right - that was before Satoshi ;-) - Looking forward to read your book as well VERY soon ;-)
https://www.amazon.ca/End-Work-Decline-Global-Post-Market/dp/0874778247
There are good points in this video , Thanks for sharing
Absolutely spot on. This is the great contradiction of capitalism - favouring automation technology as the logical way to reduce cost, increase efficiency, become more competitive (the core driver behind our economic system), means increasing technological unemployment which leads to increasingly fewer consumers able to buy the stuff they were laying people off to make more cheaply in the first place. That's why planned obsolescence exists. What we're seeing is technology indirectly destroying the thing that it enables. The irony is both hilarious and disconcerting.
I am happy to have you here federico,especially when it comes to the topic of basic income here on steemit. Keep up the good work!
The only way to avoid the social war is the universal basic income, very interesting article, thank you for share
Have you read the work of James Albus? Basic income, passive income, are all within the solution space. To narrow it down, we have to in my opinion ultimately separate "employment" from income. Employment based income is what is becoming outdated due to automation but income itself can exist without employment.
Residual income, passive income, the income people get from royalties, the income bloggers or Youtubers get, the income advertisers get, none of this kind of income is employment based or salary based income. The future involves moving away from employment and toward working for personal self sufficiency and resilience.
I'll sum it up, using technology and intelligent agents we will go back to being farmers only we will be digital farmers who farm bots (intelligent agents) instead of chickens. As long as we can secure ownership rights of shares in automation or of the bots which sustain us then we'll be able to reduce poverty over time by technical means.
My blog on the subject details my views and ideas on a solution but we agree on the problem anyway.
References
Really interesting dana, totally agree with your vision, but i am a little worry about: "As long as we can secure ownership rights of shares in automation or of the bots", i think there are giant powers for monopolize this rights.
Those giant powers don't control cyberspace as you can see with Steemit. You can own portions of cyberspace in ways the traditional powers have yet to figure out or understand. Self ownership is the start and when I speak of the self I'm talking the digital self.
Interesting article
Technological unemployment is a legit problem. Technologically enhanced basic income is a potential solution to address that problem.
One way to address the problem is through technologies very similar to Steemit where anyone can earn cryptocurrency with a very low barrier to entry. In other cases you can go to the idea of voluntary basic capital where equity in automation is widely distributed as part of the culture similar to the free software movement etiquette.
I don't think the problem will be solved by politics. Politics created poverty, created the problem, and I think engineers will solve it rather than politicians. It's a technical problem not a moral problem. There is no "wealth gap" because the poverty is mostly artificial and created by politics.
Human beings have wealth. You have a mind. You have beauty. You have a body. You have personal property and if you have self ownership then your wealth starts there. The problem is that corporations do not respect the personal space or digital self ownership rights of netizens. We could use Facebook and companies like it as an example where they want to sell our eyeballs by using legalese in the form of terms of service. Yes we sign it but only because there wasn't an alternative to Facebook available to allow us to keep our wealth and use the platform.
Attention is scarce and is valuable. Most people currently give away their attention for free and are giving their wealth away. The data that corporations want? People give that away for free. So technologies which help people build wealth, while also help people protect their personal property, is one way to solve the problem.