> Ironically, the best-educated economists are often the most resistant to this idea, as the standard models of economic growth implicitly assume that economic growth benefits all residents of a country.
Because economics is not a science, its a religion devoted to making sure that those who have money and power keep it and get more.
The idea that there is a set of high-skill jobs which are immune to technological unemployment is false. It will just take a little while longer for those jobs to be replaced by artificial intelligence.
The concept of superstars v. the rest is mainly just a weak argument attempting to cover for the tendency of monopolies to form in any economy. Technology just amplifies this fundamental characteristic of our 'economic' system.
Technology directly opposes our 'economic' system because technology is the application of science to solving problems (i.e. information and resource _sharing_) whereas economics is about using proprietary information and resources to your advantage.
Because economics is not a science, its a religion devoted to making sure that those who have money and power keep it and get more.
The idea that there is a set of high-skill jobs which are immune to technological unemployment is false. It will just take a little while longer for those jobs to be replaced by artificial intelligence.
The concept of superstars v. the rest is mainly just a weak argument attempting to cover for the tendency of monopolies to form in any economy. Technology just amplifies this fundamental characteristic of our 'economic' system.
Technology directly opposes our 'economic' system because technology is the application of science to solving problems (i.e. information and resource _sharing_) whereas economics is about using proprietary information and resources to your advantage.