Universal basic income vs jobs guarantees: which one will make us happier?

Two competing (or, possibly, complementary?) proposals for resolving income inequality and the hole that four decades of demand-side Reaganomics has dug us into are Universal Basic Income and a federal jobs guarantee (the former being a kind of "venture capital for everyone" that provides enough money to live without having to work for an employer; and the latter being a guarantee of a good, meaningful job of social value in sectors like infrastructure, education and caring professions). Read the rest

The emerging split in modern trustbusting: Alexander Hamilton's Fully Automated Luxury Communism vs Thomas Jefferson's Redecentralization

From the late 1970s on, the Chicago School economists worked with the likes of Ronald Reagan, Margaret Thatcher, Augusto Pinochet and Brian Mulroney to dismantle antitrust enforcement, declaring that the only time government should intervene is when monopolists conspired to raise prices -- everything else was fair game. Read the rest

Chinese law professor: AI will end capitalism

Feng Xiang is a prominent Chinese legal scholar with an appointment at Tsinghua University; in a new Washington Post editorial adapted from his recent speech at the Berggruen Institute’s China Center workshop on artificial intelligence in Beijing, he argues that capitalism is incompatible with AI. Read the rest

Fully Automated Small Screen Luxury Communism: Amazon is making a TV show out of Iain Banks's Culture novels

The late, lamented Scottish writer Iain Banks (previously) was several kinds of writer, but one of his main claims to fame is his role in developing the idea of fully automated luxury communism, in his beloved Culture novels, a series of wildly original space operas about a post-singularity, post-scarcity cooperative galactic civilization devoted to games, leisure, and artistic pursuits, populated by AIs, city-sized space cruisers, spy networks, and weird bureaucracies. Read the rest

UK Tory MP unclear on the concept of dystopia

The Getting to the Future First: How Britain can lead the Fourth Industrial Revolution report was created by Alan Mak, Conservative Member of Parliament for Havant, and it's a laughable compendium of trickle-down nonsense proposing that if all dividends from automation flow to capital, somehow everyone in the world will share in the benefits. Read the rest

An important, lyrical, critical book about the future of "Smart Cities"

Adam Greenfield's new book Radical Technologies: The Design of Everyday Life (previously) has scored an outstanding review from The Guardian's Steven Poole, who calls it "a landmark primer and spur to more informed and effective opposition" to "the pitiless libertarianism towards which all [Smart Cities] developments seem to lean." Read the rest