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Foresight Friday:
Sep
15
2023
|
Design Economics in World Futures

 

"Their Margin is AI's Opportunity"

– Vinny Tafuro via HackerNoon

Foresight Friday
Following trends that are shaping potential futures
Good morning Joanne,

It has been quite the hiatus from sending these but as summer comes to an end I am going to try to return to some consistency with these emails.

 

The first item I am sharing today is my take on how AI has targeted the wealthy, published Tuesday on HackerNoon. Just a day before the same tech leaders I wrote about addressed a closed-door U.S. Senate gathering to discuss AI regulation.

 

Secondly, I am excited to announce the publication of my first peer reviewed article, A Case for Design and Speculative Economics, published in July in the World Futures journal. Abstract and links to access are below.

 

I do hope you enjoy the return of Foresight Friday and would love to hear your concerns about the future that I may be able to provide some insights on.

Their Margin is AI's Opportunity

Could a “ChatCEO” reduce costs and improve business?

 

Jeff Bezos famously said, “Your margin is my opportunity,” and for nearly 30 years Amazon has destroyed brick-and-mortar margins to dominate retail sales and distribution. With the advent of social media 20 years ago and its explosive growth in the last decade, the new “margin” became our own attention. Big Tech has profited mightly by extracting our attention away from the time we once spent with family, friends, and neighbors. In force-feeding us the Internet’s most incendiary garbage, we are angrier, lonelier, and more depressed than ever–by design.

 

Steve Wozniak, Yuval Noah Harari, Andrew Yang, and Elon Musk are among the most prominent of the more than thirty-three thousand people, predominantly men, who have signed the open letter to pause AI experiments earlier this year. While the letter raises some valid concerns, the existential-risk-to-humanity cries about the “dangers” of artificial intelligence have been rather vague and feel more like fear-mongering than actual concerns. The clearest example of harm is already widely available: generative AI is easily used by human or nation-state actors to manipulate populations–a continuation of social media’s scorched social fabric march toward profits.

 

Continue reading on HackerNoon...

A Case for Design and Speculative Economics

Leveraging Interdisciplinary Pressure to Disrupt Economic Orthodoxy

 

This article provides historical context for the current state of discourse in academic economics and an assessment of disparate and viable heterodox economic methodologies to support a proposal for establishing the disciplines of design economics and speculative economics. Coherent, modern, and viable academic challenges to economic orthodoxy exist but are largely ignored by departments of economics. This proposal addresses the disconnect between economics and the rest of academia with a collaborative and interdisciplinary effort based on three tenets. Borrowing from established foresight methods design economics and speculative economics create a framework from which economics can evolve to embrace paradigm change.

 

Thank you for taking the time to read and please share with anyone you feel may find this interesting. Have a great weekend!

Gratefully,
 
 
Visionary. Economist. Hacker.
"I see distant horizons clearly and work meticulously towards them."
813.240.0739
 
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