The Implications Of An Increasingly Automated Economy

IEET Fellow Marshall Brain gave this speech on the inevitable structural unemployment that automation and artificial intelligence will create at the Singularity Summit 2008. The astonishing thing about Marshall’s talk was the amount of outrage from the libertopians in the audience who were all perfectly content to imagine that we would soon have super-robots doing things a gazillion times better than humans, and that that transition might wipe humans out or bring about a utopian society, but they couldn’t accept that such a transition might cause unemployment and require any redistribution of the wealth. History apparently shows that the market solves all structural unemployment, even after an historical discontinuity so radical that we make up a word for it - Singularity - which precisely means that we can’t predict anything after that point. Libertopians would be funny if they hadn’t just ruined the world economy.