Algorithms trade., Algorithms., Artificial Intelligence., Big Data, Capitalism, Capitalism and Greed, Inequility, Technology, The Future of Mankind
( A five-minute read)
At the moment with AI and its algorithms, the forces of change driven by machines that use them are unpredictable.
Previous industrial revolutions changed human labor with machinery this time it’s our mental functions that are being replaced.
Our ability to make predictions and make decisions are more and more being controlled by our general acceptance of allowing our living data to be analyzed by computers.
AS A RESULT, IT IS PLAIN TO SEE THAT CAPITALISM IS MAKING A TRANSITION TO AN ECONOMY DRIVEN BY SMART MACHINES BASED ON ALGORITHMS THAT ARE BASES ON BIG DATA.
This process owned by monopolies on internet platforms is rampant and unregulated.
When it should be subject to careful oversight by a new world governing body that ensures transparency, responsibility, with the right framework to make decisions as to whether all our common values are being protected.
Should we be concerned?
Yes, we should be.
We are already living in an economic system that is not working for people with the gaps of inequality becoming wider and wider. As each and every day goes by with our politicians turning a blind eye to the long-term social effects.
We are seeing the rise of short-term populist politicians who are in effect ( and more than likely than not in denial) representing to days social media’s bad side which is run on monopoly platforms.
The overriding aim of these present-day monopolies is to make a profit.
Therefore, theoretically, a capitalist free-market economy may not be ideal for the future AI and robot world, for capitalism is primarily driven by human greed.
Don’t expect these tech overlords who invent and own robots or AI to share the benefits with the rest of us.
Governments cannot afford to let selfish profit-seeking big corporations rule the roost.
If we are not vigilant the one percent of the world upper class- those in control of the robots will build empires that will govern and dictate the AI and robot economy.
For the present, there is little concern that we are in danger of becoming technological slaves, but the concept of self is almost lost.
Without technology and our mobile phones, in particular, we feel naked, stripped and alone. Vacations now include a laptop. What’s a trip without photos that we immediately upload to Facebook and Instagram? It’s like it didn’t happen, at least if we don’t share them in real-time.
Human- level Ai might well be centuries away but it is no wonder that there have been voices calling for taxes on AI and robots, so as to use the money collected to make society more egalitarian.
However, this is not the ultimate solution, because big sleazy corporations can always find ways to avoid paying tax. Therefore, we may need a fundamental change in our economic structure and society.
If the government is going to have to look after the millions of idle human workers deprived of any means to support themselves and their families after they are replaced by AI and robots.
Perhaps a sort of planned economy is one of the answers?
IT’S TIME TO WAKE UP.
A business must have a conscience as well as a counting algorithm.
All human comments appreciated. All like clicks chucked in the bin.