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November 11, 2013


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Do not fear Core Mind. That way lies only pain.

Doug M.

OTOH, I'm pretty skeptical about AI. OTOH, the world doesn't need it for massive tech-driven income equality. What we have right now will do just fine.

However, I think there's a hidden assumption in that line of thought that should be brought out.

For about the past two hundred years capital has been scarce, both in the sense that loans were expensive and that manufacturing equipment was ditto. That's still true, but is it still as true as it was in 1860? Or are things like 3-D printing and Internet promotion reducing the barriers to entry to industrial entrepreneurship?

If so, the future might not be as winner-take-all as the recent past.

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