my notes ( ? )
"Get ready for companies that run themselves. But will the autonomous economy set us all free, or just make the rich richer?"
Good intro, setting companies like etherum into a wider context and using a hypothetical example to show how a DAO could emerge and propagate. And then it sets alarm bells ringing.
"the true economic significance of automated systems and robotics remains troublingly unclear... The machines have already come for the manual and clerical workers; perhaps there’s a certain kind of grim satisfaction in watching them close in on the executive class, too...
Paul Krugman sees the broader risk: that we will end up ‘a society that grows ever richer, but in which all the gains in wealth accrue to whoever owns the robots’...
On the other hand... Imagine startups in developing countries, frictionlessly funded by international backers... it is still possible to imagine DACs contributing to the larger cause of global justice.
- Are we ready for companies that run themselves? – David Morris – Aeon
Read the Full Post
The above notes were curated from the full post
aeon.co/magazine/technology/are-we-ready-for-companies-that-run-themselves/.