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Extinction-Level Capitalism

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Why This Matters

This article highlights the profound risks AI poses to democratic institutions and economic equality, emphasizing that AI's influence could accelerate existing trends of capital concentration and political erosion without malicious intent. Recognizing these risks is crucial for the tech industry and consumers to develop safeguards and policies that mitigate potential societal harm while harnessing AI's benefits.

Key Takeaways

Extinction-level capitalism a citizen’s thoughts

on AI risk

AI is inher­ently polit­ical tech­nology. If AI works as intended, it will grad­u­ally corrode our liberal democ­racy, risking an irre­versible shift into another polit­ical and economic config­u­ra­tion. Among AI risks, this one deserves more consid­er­a­tion, because it requires no addi­tional condi­tions like malign actors or AI malfunc­tion. AI only needs to amplify existing trends, espe­cially around concen­tra­tion of capital. This damage will occur even assuming that in the near term, AI will broadly improve mate­rial well-being.

About MB

I’m a self-employed author, designer, programmer, and lawyer. In 2022, I learned that my own works were in the training datasets of gener­a­tive-AI compa­nies. In response, I invented the first set of lawsuits chal­lenging the legality of these prac­tices. I’m currently co-counsel for plain­tiffs in a number of AI cases. Though I discuss certain legal issues below, I am not your lawyer, and nothing here is held out as legal advice. These are my personal views as a citizen and economic actor; I speak only for myself. This piece is typeset in Equity, Advo­cate, and Trip­li­cate, fonts I designed. They can be licensed for your own polemics and pamphlets.

Emergent effects

Two billion years ago, the rock layers comprising what is now called the Colorado Plateau began to form: first igneous and meta­mor­phic rocks, followed by many layers of sedi­men­tary rocks. About fifty million years ago, through tectonic action, this plateau gained thou­sands of feet of eleva­tion. About five million years ago, a river began to flow. The river carried silt and debris, scraping out the begin­nings of a canyon. The river deep­ened the canyon, exposing its walls to weather and erosional forces that widened the canyon further. Today the waterway is the Colorado River. The geolog­ical forma­tion is the Grand Canyon.

The forma­tion of the Grand Canyon required zero human agency. Zero tech­nology. Zero coor­di­na­tion among the river, the land, and gravity. In that sense the Grand Canyon is an emer­gent effect: a complex, unfore­see­able output arising from simpler inputs.

But we would never wonder whether the river is sentient. Or whether the river cares about the dirt that it carries out of the canyon. The water is just doing what water does: flowing down­hill. The dirt just happens to be in the way.

Inherently political technology

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