One of the topics that is inevitably tied to the big digital transformation themes like AI, machine learning, robotics and digital transformation in general is the universal basic income (let’s call it UBI from here). Like it or not, it’s worthwhile considering which tools, mechanisms and concepts need to be adapted or created when this massive transformation will roll over us. I believe it would be naive not to assume that our political economy, and governance will desperately need new design patterns as we enter this new phase of the digital revolution. Continue reading “The Universal Basic Income discussion is not pointless. Period. (André Cramer)”
Machine Money and People Money — What’s The Future of Work? A Conversation about Universal Basic Income with John Maynard Keynes and Paul Buchheit (Tim O’Reilly)
At the outset of the Great Depression, John Maynard Keynes penned a remarkable economic prognostication: that despite the ominous storm that was then enfolding the world, mankind was in fact on the brink of solving “the economic problem” — that is, the quest for daily subsistence.
The world of his grandchildren — the world of those of us living today — would, “for the first time…be faced with [mankind’s] real, his permanent problem — how to use his freedom from pressing economic cares, how to occupy the leisure, which science and compound interest will have won for him, to live wisely and agreeably and well.”
It didn’t turn out quite as Keynes imagined…
Source: Machine Money and People Money — What’s The Future of Work? — Medium
Economic experts are trying to figure out a question that just two decades ago seemed ridiculous: If 90 percent of human jobs are replaced by robots in the next 50 years — something now considered plausible — is capitalism still the ideal economic system to champion? No one is certain about the answer, but the question is making everyone nervous — and forcing people to dig deep inside themselves to discover the kind of future they want…
Source: Will capitalism survive the robot revolution? | TechCrunch