1/Alright, so folks wanted me to expand on this idea, so here we go. Elite disaffection and the return of the American Left.
As you may have noticed, we're seeing an upsurge in young Americans who reject capitalism. Why? https://t.co/oSfupxLLiW https://t.co/rXiXewB2hV
2/During a Bloggingheads discussion today, my interlocutor, a 29-year-old Jacobin writer, said something very interesting.
She said that interest in socialism wasn't just about destitution, but about "disappointment".
3/Like most younger Millennials, she graduated when the economy was still struggling to emerge from the Great Recession.
She described doing two unpaid internships and one underpaid internship before becoming a Jacobin writer.
1/So, the other day, @Annaleen asked if capitalism would be around forever, so here is a thread about that.
Short answer: Depends on how you define "capitalism".
2/If you defined "capitalism" as "markets with property rights" - i.e., people claiming ownership over stuff and then exchanging it - then capitalism will probably be around forever.
I highly doubt that a fully planned economy is in the offing, even with very smart AI.
3/There is an argument that a sufficiently smart AI could anticipate our desires, weigh them, and arrange the economy to optimize our utility, but A) this is way too science-fictiony at this point, and B) I doubt we'd want that even if it were possible.