Editor’s Note: This will be another long day on this website. I’ve been reading Kai-Fu Lee’s AI Super-Powers: China, Silicon Valley and the New World Order which our man Andrew Yang has brought to my attention and want to start breaking it down chapter by chapter.
“China’s government is also doing everything it can to tip the scales. The Chinese government’s sweeping plan for becoming an AI superpower pledged widespread support and funding for AI research, but most of all it acted as a beacon to local governments throughout the country to follow suit. Chinese governance structures are more complex than most Americans assume; the central government does not simply issue commands that are instantly implemented throughout the nation. But it does have the ability to pick out certain long term goals and mobilize epic resources to push in that direction. The country’s lightning-paced development of a sprawling high-speed rail network serves as a living example.
Local government leaders responded to the AI surge as though they had just heard the starting pistol for a race, fully competing with each other to lure AI companies and entrepreneurs to their regions with generous promises of subsidies and preferential policies. The race is just getting started, and exactly how much impact it will have on China’s AI development is still unclear. But whatever that outcome, it stands in stark contrast to a U.S. government that deliberately takes a hands-off approach to entrepreneurship and is actively slashing funds for basic research …
PricewaterhouseCoopers estimates AI deployment will add $15.7 trillion to global GDP by 2030. China is predicted to take home $7 trillion of that total, nearly double North America’s $3.7 trillion in gains. As the economic balance of power tilts in China’s favor, so too will political influence and “soft power,” the country’s cultural and ideological footprint around the globe.”
We have to start facing facts. The socialism/capitalism dichotomy is breaking down and millions are suffering because of it. Let's upgrade our system and build an economy that works for people. It is why I am running for President. ??
— Andrew Yang (@AndrewYang) April 14, 2019
Excuse me, Kai-Fu Lee, but have you even read Locke?
Have you even read Ludwig von Mises? If China continues to ignore the counsel of our free-market theorists, it will rapidly sink to the status of Venezuela. Now, I know you might respond that Shanghai looks nothing like Detroit in the 21st century, but capitalism has defeated socialism.
“Based on current trends in technology advancement and adoption, I predict that within fifteen years, artificial intelligence will technically be able to replace around 40 to 50 percent of jobs in the United States. Actual job losses may end up lagging those technical capabilities by an additional decade, but I forecast that the disruption to job markets will be very real, very large, and coming soon.”
50 percent job losses? Nigga, what?
Oh, I see now. The labor of these people will be unnecessary because deep learning AI, automation and robotic workers will abolish wage slavery in our lifetimes.
“At the same time, AI-driven automation in factories will undercut the one economic advantage developing countries historically possessed: cheap labor. Robot-operated factories will likely relocate to be closer to their customers in large markets, pulling away the ladder that developing countries like China and the “Asian Tigers” of South Korea and Singapore climbed up on their way to becoming high-income, technology driven economies. The gap between the global haves and have-nots will widen, with no known path toward closing it.”
Wow. Just wow.
If the application of deep learning to agriculture, manufacturing and services abolishes in a single stroke both wage slavery and the need for cheap labor under the paradigm of free-market capitalism and creates vast amounts of wealth in the new robot driven factories which are coming back to the US market, then what is the point of continuing with mass immigration?