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The Rise Of The Robot Economy

A New Epoch of Social Revolution

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On the Origin of (Robot) Species

August 29, 2015 by Admin Leave a Comment

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 […]

Filed Under: Robots, RoR, Uncategorized

The Robo Brain Project

August 29, 2015 by Admin Leave a Comment

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 […]

Filed Under: Artificial Intelligence, RoR, Uncategorized

Machine Shop Economics: Part 1

August 7, 2015 by Admin Leave a Comment

Machine Shop Economics: Part 1

I’ve worked in machine shops for most of my life so it’s natural that I would think of a machine shop as a simple model for understanding the inner workings of a capitalist economy. This model also lends itself well to an exposition of the role of technology in transforming our relations of production, and gives the lie […]

Filed Under: Uncategorized Tagged With: capitalism

Something To Think About:

At a certain stage of their development, the material productive forces of society come in conflict with the existing relations of production....From forms of development of the productive forces these relations turn into their fetters. Then begins an epoch of social revolution.

- Karl Marx

The bourgeoisie cannot exist without constantly revolutionizing the instruments of production, and thereby the relations of production, and with them the whole relations of society.

- Karl Marx and Friedrich Engels

Race Against The Machine:

While the foundation of our economic system presumes a strong link between value creation and job creation, The Great Recession reveals the weakening or breakage of that link. This is not merely an artifact of the business cycle but rather a symptom of deeper structural change in the nature of production. As technology accelerates on the second half of the chessboard, so will the economic mismatches, undermining our social contract and ultimately hurting both rich and poor...

Erik Brynjolfsson and Andrew McAfee, Race Against The Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy

From Foreign Affairs Magazine:

In a free market the biggest premiums go to the scarcest inputs needed for production.
In a world where capital such as software and robots can be replicated cheaply, its marginal value will tend to fall, even if more of it is used in the aggregate. And as more capital is added cheaply at the margin, the value of existing capital will actually be driven down.

- Erik Brynjolfsson, Andrew McAfee, and Michael Spence
Labor, Capital and Ideas in the Power Law Economy
Foreign Affairs Magazine, July/August 2014

From the National Bureau of Economic Research:

In short, when smart machines replace people, they eventually bite the hands of those that finance them.

- from the working paper "Robots Are Us: Some Economics of Human Replacement"

On the Lighter Side:

For following joke is attributed to cosmologist Stephen Hawking:

Scientists finally achieve the creation of a strong AI system capable of more computational power than all human brains combined.
The first question they ask it is, "Is there a God?"

The AI responds, "There is now."

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