😨 The Digital Revolution of Artificial Intelligence: Beneficial Economic Creative Destruction or Systemic Dehumanization

science

“The opening up of new markets, foreign or domestic, and the organizational development…incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one. That process of creative destruction is the essential fact about capitalism.“Joseph Schumpeter(1883-1950), American economist and political thinker of Austrian origin, in his bookCapitalism, Socialism and Democracy, 1942. “Every change is a menace to stability.That’s another reason why we’re so chary of applying new inventions. Every discovery in pure science is potentially subversive; even science must sometimes be treated as a possible enemy. Yes, even science.”Aldous Huxley(1894-1963), British author of the 1932 … → The post

Lew Rockwell     Mar 09, 2024