Good points from James Gilliland
It pains me to say this, but if we actually “get AGI,” the resulting boom in industrial capacity from robotics and massive society-wide wealth creation will look like a total vindication of neoliberalism. The discourse about financialization and offshoring being a generational mistake may be replaced by a very different historical interpretation: that the late […] The post Good points from James…
James Gilliland expresses a contrasting perspective regarding the advent of Artificial General Intelligence (AGI). He posits that the proliferation of robotics and the ensuing surge in industrial capacity could be seen as a vindication of neoliberal economic policies. This could lead to a reinterpretation of history, viewing the late 20th and early 21st centuries as a phase of significant capital accumulation.
This accumulation, Gilliland suggests, could have facilitated the deployment of vast pools of liquid capital to fuel an unprecedented technological leap. For him, the perceived deindustrialization and perceived betrayals of the period may be seen as necessary precursors to a reindustrialization on an unimaginable scale. He cautions that this scenario is not a foregone conclusion, and China, as well as the risk of unintended consequences from AGI, pose major contingencies.
Despite these uncertainties, if this outcome comes to pass, Gilliland believes the history of the last five decades would be viewed markedly differently. The full post is available on Marginal REVOLUTION.
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