AI isn't just another tech revolution—it could transform capitalism beyond recognition
· livemint.com
AI is pushing capitalism into uncharted territory in ways no tech revolution has done before. It could alter how output is generated, resources are allocated and the ratio of what capital and labour earn. Let’s not get blindsided by it.
While new jobs will surely be generated, it could spell a scenario in which capital dominates labour so thoroughly as a factor of production that the state will...