The last message Stephen Hawking posted to a public internet forum was an answer to a question in a Reddit AMA, querying how humanity will weather an age of technological unemployment.
Professor Hawking's answer said that there was no problem with robots taking jobs -- only with the dividends from that robotic efficiency accruing solely to the capital classes thanks to market dynamics, rather than being broadly shared through redistributive state intervention.
(See also: Why Socialism? by Albert Einstein)
If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever-increasing inequality.
Stephen Hawking AMA [/r/science/Reddit]
(via Late Stage Capitalism)
Kudos to the Gates Foundation, seriously: after spending $775m on the Intensive Partnerships for Effective Teaching, a Big Data initiative to improve education for poor and disadvantaged students, they hired outside auditors to evaluate the program's effectiveness, and published that report, even though it shows that the approach did no good on balance and arguably […]
San Francisco is one of the most expensive places in the world to live -- six figure incomes are considered "low" and even the tiniest homes are farcically expensive.
When Erin Winick was a sophomore, she got a summer internship at a company where her manager offered her the opportunity to use her passion for 3D printing to streamline the company's mold-making process; but when she started consulting with "Gary," a 34-year veteran of the company who was responsible for the complex molding process, […]
Facebook is good for more than just keeping tabs on your high school friends. In fact, the platform has become an invaluable tool for marketers and entrepreneurs building their brands online. So, whether you’re looking to launch your own venture or climb the ladder in your current operation, the Facebook Ads & Facebook Marketing Mastery Course […]
While it’s fun to watch Hollywood action heroes hack into cameras to spy on their targets, the thought of an actual cybercriminal using our own security devices against us is chilling for most. That’s what makes the iPM World HD 360 Degree 1080p Wireless IP Camera essential for anyone looking to deter digital and physical intruders […]
Spring came and went, but we’re not here to judge if you didn’t get around to cleaning up your living space. After all, taking the time to vacuum your floors can stretch out into a lengthy task when you’re constantly switching between power outlets and trying to jam your machine into those tight corners. With […]