In fact, one outcome of AI and automation may well be a revival of manual labor and of the traditional working class — maybe becoming more like an artisan class again.
READ MOREAmerican railways are the envy of the world. Many might shake a collective head at that statement. In the case of passenger rail that is an appropriate reaction. Since it was pieced together – a government-constructed Franken-rail system built of …
READ MOREWhat automation of any kind does is to make work more productive and hence to free up time and resources by increasing the intensity of the use of resources.
READ MOREIs the “popularity” contest that has become vanity platforms like Instagram contributing to the content experience? Or is it just introducing social pathologies?
READ MOREHaving lived abroad for most of the last seven years, I am painfully aware of the challenges that emerge from having incomes, assets, and costs in different currencies. Sometimes that yields you unexpected windfalls, like when the British pound (GBP) b …
READ MOREA central plan is not a business plan. Even a private sector central plan is doomed to fail.
READ MOREWe shouldn’t let our inability to measure increased wealth convince us that we aren’t making progress.
READ MOREShould Senator Warren or others choose to apply a decades-old rulebook to split up or regulate Amazon and Google, their lack of innovation risks costing consumers dearly.
READ MOREThe success of this product should humble us into questioning what we think we know for sure, and, further, introduce doubt about the ability of intellectuals and planners perfectly to anticipate and control the world.
READ MOREInnovation does not, despite appearances, conform to narratives — fortunately for all of us.
READ MOREThe surest way to discourage innovators is to treat them and their inventions as guilty until proven innocent.
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