

Engineer Venkatesh Rao sees the fear of AI-driven job loss as parallel to mercantilism, in which intelligence as a scarce resource could be controlled by elites.

Engineer Venkatesh Rao sees the fear of AI-driven job loss as parallel to mercantilism, in which intelligence as a scarce resource could be controlled by elites.
Ah yes, the same old story: AI will steal your job, then nothing happens, then we all move on. Only the scarcity gets hoarded this time.