Mind Matters Natural and Artificial Intelligence News and Analysis

Tagcapitalism

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money, piggy bank, finance

Destructing the Creative Destruction Myth

Debunking the argument that the Fortune 100 list is evidence of the productive vitality of capitalism

Joseph Schumpeter argued that capitalist economies are not stagnant and calcified but, instead, by nature a form or method of economic change and not only never is but never can be stationary. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 1950 He believed that embedded in capitalism is an engine of change that revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. This process of Creative Destruction is the essential fact about capitalism. It is what capitalism consists in and what every capitalist concern has got to live in. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 1950 Schumpeter was no doubt influenced by Charles Darwin’s theory of evolution. Darwin had written that the “extinction of old forms is the almost…

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Should Robots Pay Taxes?

Taxing artificial intelligence is the latest proposal to expand centralized control of human life

In June 2021, we started considering the provocatively titled podcast transcript, “Can a Robot Be Arrested? Hold a Patent? Pay Income Taxes?”, posted on the IEEE Spectrum site. Steven Cherry interviewed Ryan Abbott, physician, lawyer, and professor, about these topics and referencing his 2019 book, The Reasonable Robot: Artificial Intelligence and the Law. We’ve discussed whether artificial intelligence (AI) systems could be charged with crimes or can hold a patent. Whether “robots should pay taxes” turns out to be the scariest question yet. Touching upon the subject only lightly in the podcast, Abbott details the problem of taxing AI in Reasonable Robot, following this thought process: Automation using AI threatens to increase human unemployment. Current U.S. tax law encourages automation through favorable treatment…

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technology and socialism

“AI is fastest path to Communism,” says Elon Musk’s partner

In a viral TikTok video, the singer/songwriter said AI will lead us to a world of leisure and no work

Social media was aflood yesterday with confusion and intrigue when Grimes – a Canadian singer/songwriter and 3-year partner to technological entrepreneur Elon Musk – said that “AI is actually the fastest path to communism” and encouraged communists to embrace the technology if they want to see their political dreams come true. Grimes (born Claire Elise Boucher) posted a short video to TikTok on Thursday, proposing that artificial intelligence could lead us to a utopia in which no one has to work and everyone lives in leisure: “I have a proposition for the communists. So, typically most of the communists I know are not big fans of AI. But if you think about it, AI is actually the fastest path to…

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Department store shop class luxury, near the Red Bridge, historical buildings of Saint-Petersburg. In the background the city and St. Isaac's Cathedral dome of golden color, in the evening at sunset.

Russia Aims to Close the Technology Gap With the United States

Independent since 1991, the vast nation offers a government version of Silicon Valley culture

In this week’s podcast, “AI development in Russia, Part 1,” Walter Bradley Center director Robert J. Marks talks with Samuel Bendett about Russia’s struggles to develop AI for entrepreneurship and free enterprise, rather than military uses. It turns out to be mainly a cultural struggle, as historic institutions must adapt to an environment where market dominance is more important than military dominance. Mr. Bendett, who is fluent in Russian and English, is an advisor to the Russia Studies Program and the Center for Autonomy and Artificial Intelligence of the CNA Adversary Analysis Group. And how is Russia faring? https://episodes.castos.com/mindmatters/Mind-Matters-103-Samuel-Bendett.mp3 From the transcript: (Show Notes, Resources, and a link to the complete transcript follow.) Robert J. Marks (pictured): What I want…

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gray vehicle being fixed inside factory using robot machines

Bingecast: Jay Richards on The Human Advantage

Will machines take over human jobs? Jay Richards discusses artificial intelligence, virtue, job displacement, and collaboration using technology with Larry L. Linenschmidt. This interview is about Jay’s book, The Human Advantage: The Future of American Work in an Age of Smart Machines. This interview was originally aired by the Hill Country Institute and is included here in its entirety. This…

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Jay Richards on the Greatly Exaggerated Death of Human Jobs — Part I

Rumor has it, artificial intelligence and robotics will make humans obsolete. Larry L. Linenschmidt discusses artificial intelligence, job displacement, virtue, and machines with Jay Richards. This interview is about Jay’s book, The Human Advantage: The Future of American Work in an Age of Smart Machines. This interview was originally aired by the Hill Country Institute and is included here in…

People running away from an invisible hand

Does Technology Favor Tyranny?

Part One: Deconstructing Yuval Harari’s Silly Forecast of AI’s Future Impact

Will infotech and biotech erode human agency, subvert human desires, and render free-market economics obsolete?  At first glance, there looks to be a wide gap between the future of AI and the destruction of democracy. Some futurists claim to have jumped that chasm. In a cheery little column published by the Atlantic, Yuval Noah Harari posits AI will ultimately destroy…