Steve Wozniak: 'Computers are going to take over from humans'

I'm sorry I haven't replied, but I've been busy working on a music-video project, which I fully intend to finish before Mother's Day, come hell or high water. I do not have time, right now, to get into a well-thought-out debate and you are obviously a person who demands some thought.

I will say you're mistaking concerns for predictions. I do, in fact, predict the stock market is headed for a major correction. I do not, predict, that will mean economic collapse. I take people like Dave Stockman seriously, but I hope they are wrong. If I really thought we were that close to a collapse, I wouldn't be spending evenings and weekends making music videos.

I cannot treat each of your points, but will say I think you underestimate how quickly AI is going to advance. Unless there's some reason to believe that progress will not continue at a logarithmic rate, it seems obvious to me that machine productivity will likely far outstrip the capacity of human institutions to adjust to the new economic realities that will result. I do see that as an existential danger to civilization and I'm not the only one. Like MIT's Andrew McAffee, I recognize the danger BUT remain hopeful about the promise of a world where hard labor is no longer necessary. Human communities are reslient and there is hope in that as well.

I will also say that serious people also disagree with you on the economy. Just today I read a book excerpt by the late Hyman Minsky and intend to order "Stabilizing an unstable economy." Much of what I read on my commute home rang true. He's very quotable. I loved this one:

"Stability is destabilizing." -- Minsky

Odd as it sounds, just a bit of thought reveals that he is obviously right about that. I'm quite interested in what he offers as a solution, if he does offer one.

I especially like what he wrote about creating a government-run employer of last resort and that it is far better to provide work, than hand outs. Work is critical to psychological health IMHO. Though in the past I've said I support the idea of a guaranteed minimum income, I have always been uncomfortable with the idea of money for nothing. It's not healthy IMO.

Anyway, my render is complete, so I'm back to reviewing my video. Cheers.

P.S., my gut had me out of the stock market in 1998 and also in 2007. I'm out again. Always a little too early, but I'm a cautious type.

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