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Om Malik is a San Francisco based writer, photographer and investor. Read More
On the eve of our Independence Day, I can’t help but think of our current political challenges. It doesn’t matter which side of the political aisle you walk. After all, the reality of our collective future doesn’t change, one way or the other. The challenges facing our society, economy and country don’t change with political affiliation.
If not this decade, then soon there after, we will be heading into an unknown technological future. I’m not sure anyone knows if the current architecture of our social norms, rules and regulations is likely to survive a future where we humans have to coexist with what you can colloquially call aware machines. What happens when the core norms of current economic systems are eroded because fewer humans are needed for production? Is it time for a post-capitalist economic ideology?
These are unanswered (and admittedly not fully formed) questions. Yet a version of this future is approaching — this is not dystopia, but rather a reality we are heading into. For this future, every country, not just America, needs a different kind of leadership — technologically adept, adaptable and more willing to go beyond established ideologies.
Happy Fourth of July everyone!
“So many people think that computing starts and ends with garages in California and dorm rooms in Massachusetts, and that’s not the case. It really is a highly dispersed story with many interesting places, and Utah is one of those early centers of creativity.”
Andrew Meade McGee, curator of computing, Smithsonian’s National Museum of Air and Space
What Are My Field Notes: Notable pieces of information gathered during Internet travels. Field notes record observations and activities encountered or participated in during fieldwork. Internet is my fieldwork. John Naughton inspired this format. Published on Wednesday and/or Sunday.
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I believe that capitalism has a couple of logical outcomes if it can avoid nation-to-nation wars (its biggest liability as a system).
First, human productivity goes to infinity – that is the replacement of labor time by automation is baked in. all capitalists want to reduce labor costs.
Second economics tends to be global and all parts of the world eventually have access to the same technology.
With this in mind, capitalism can produce a world free of the need for labor. The wealth (measured in free time and “things”) will be limitless.
So then it comes down to sustaining life via distributing the wealth to all. Universal basic income is championed. Blockchains like Worldcoin are more and more realistic to execute. Ownership of production does not necessarily mean ownership of what it produces.
So, some big questions, but capitalism drives progress to force us to answer them.