Another technology with the potential to disrupt capitalist financial systems.
From openDemocracy: The Robot Economy May Already Have Arrived
The robot economy may already have arrived FRANCESCA BRIA 20 February 2016 But the austere response to rapid technological advances is resulting in increased polarisation and precarity. What are we going to do about it? In order to understand both where we are going and why we are witnessing the disappearance of good jobs […]
Elon Musk’s OpenAI Project
Elon Musk has been described as the real-life inspiration behind the superhero character of Tony Stark from the Ironman movie franchise. He is the CEO and founder of SpaceX, and co-founder of Tesla Motors and PayPal, among other things. He has been an outspoken critic of the potential dangers of Artificial Intelligence, describing it as […]
Amazing! Conversation Between Robots – The Hunt for AI – BBC
Watch these robots learn to recognize themselves, evolve their own language and begin to communicate with each other.
World Economic Forum 2016 Agenda
Still not convinced that the Rise of the Robots will trigger a significant socio-economic disruption? Consider this statement from the World Economic Forum about the theme of their 2016 meeting in Davos, Switzerland: Over 2,500 leaders from business, government, international organizations, civil society, academia, media and the arts will participate in the 46th Annual Meeting of […]
Bank of England Warns of Widespread Technological Unemployment
Andrew G. Haldane, Chief Economist at the Bank of England gave a speech titled “Labor’s Share” at the Trades Union Congress in London, England on Nov. 12, 2015. In it he warned that robots may destroy some 15 million jobs in England over the coming decades, nearly half of all employment. Here is a brief […]
MIT Technology Review: Who Will Own the Robots?
MIT Technology Review has published an excellent series of articles about the effects that general-purpose disruptive technologies will have on our economy. This link is to their latest piece, “Who Will Own the Robots?” It is a well-written and balanced overview of the subject and a great introduction to where thinking on this subject currently […]
On the Origin of (Robot) Species
This post originally appeared on the University of Cambridge ‘s Research News site: Researchers have observed the process of evolution by natural selection at work in robots, by constructing a ‘mother’ robot that can design, build and test its own ‘children’, and then use the results to improve the performance of the next generation, without […]
The Robo Brain Project
The Robo Brain Project is a multi-university, open-source project to create a massive online knowledge-base which robots around the world can connect to in order to share what they have learned with each other — a kind of Wikipedia for robots. Ashutosh Saxena of Cornell University is the project lead. In this video he explains the […]
Machine Shop Economics: Part 2
In this post we’ll follow our aspiring capitalist, Mr. C, as he sets out to hire employees for his new machine shop. Our goal is to learn something of the true nature of the capitalist relations of production. According to modern economic theory Mr. C is going to have to pay his employees the going […]