There are people in the UK Gov who should read this!
Their understanding of the context and direction of AI deployment seems surprising shallow, almost totally lacking, sadly.
We are poised with an opportunity to be rid of both the poor a d the rich simultaneously by way of ridding ourselves of the economic system and money altogether.
It’s time for the best philosophers to consider what a post-capitalist world would look like.
I found your thoughts on "Shared prosperity cannot be achieved just with redistribution" particularly important, especially in contrast to discussions on universal basic income.
UBI is imperative to achieving shared prosperity, but it is the foundation of the structure, not the entire structure. Daron underestimates the importance of UBI.
This is partly motivated by the fact that I have received questions from several people on these issues, and I feel like it may be useful to lay out my thinking in simple terms in one place.
We are also about to have a new administration in the United States, so perhaps it’s a good time to think about some aspirations (even though I view it very unlikely that the incoming administration will move us in this direction).
By shared prosperity I mean economic growth from which most groups (e.g., men vs. women, different ethnic groups, different education groups, different regions, etc.) benefit more or less in the same way (e.g., their incomes growing at similar rates).
This is mostly an ethical precept, but it can also be justified because a peaceful, harmonious society does require shared prosperity. It is also a realistic one. It does not require that all inequalities are wiped away at one fell swoop.
2. Shared prosperity cannot be achieved just with redistribution.
It needs to be rooted in the labor market, in (good) jobs and in wage growth. The safety net and some amount of redistribution are important. But these are not sufficient to generate shared prosperity.
Comments
Their understanding of the context and direction of AI deployment seems surprising shallow, almost totally lacking, sadly.
We are poised with an opportunity to be rid of both the poor a d the rich simultaneously by way of ridding ourselves of the economic system and money altogether.
It’s time for the best philosophers to consider what a post-capitalist world would look like.
By shared prosperity I mean economic growth from which most groups (e.g., men vs. women, different ethnic groups, different education groups, different regions, etc.) benefit more or less in the same way (e.g., their incomes growing at similar rates).
How does the depreciation of consumer junk fit into that?
Made to Break (2006) by Giles Slade
It needs to be rooted in the labor market, in (good) jobs and in wage growth. The safety net and some amount of redistribution are important. But these are not sufficient to generate shared prosperity.