Dear Marc Andreessen
June 18, 2014 6:32 PM Subscribe
"Hi, Marc... You seem to think everyone's worried about robots. But what everyone's worried about is you, Marc. Not just you, but people like you. Robots aren't at the levers of financial and political influence today, but folks like you sure are. People are scared of so much wealth and control being in so few hands... Unless we collectively choose to pay for a safety net, technology alone isn't going to make it happen."
- Do Great Things: Keynote by Justin Rosenstein of Asana ("I Flew Coach Here.")
- New World Order: Labor, Capital, and Ideas in the Power Law Economy
- Our Work Here is Done: Visions of a Robot Economy [pdf]
- The Coming Information Age: Possible Book Outline
- The Future We Deserve: The Next 50 Years
- The Uncertain Mechanized Future
- Capital Eats the World
- The looming crisis of Capitalism: Why we need Universal Basic Income - "Whether one seeks to transcend capitalism or merely save it, the path lies through something like basic income."
- The Rich Have Advantages That Money Cannot Buy
- "Reparations" sounds too backwards-looking - "So what's the alternative?"
The question I have is whether we should not be worried "that the rich have too much." As he notes earlier, "public policy now bestows great fortunes on those whose primary skill is working the political system rather than producing great products and services." Those "great fortunes" give the ultra-wealthy the influence they need to capture the political system, and as the fortunes grow larger and larger it becomes harder and harder to change the system to eliminate this rent-seeking behavior (so I don't think "there is every reason to believe" that the system can be reformed). When this happens, when income flows to the top because they have captured the system -- income that could (and in my view should) be going elsewhere -- I think it's worth asking if they have "too much."
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