Sunday, February 14, 2016

Artificial Intelligence: Economics supports rationality

photo source: wiki commons

“New technologies — including genetic engineering and nanotechnology — are cascading upon one another and converging. We don't know how this will play out. But some of the most serious thinkers on Earth worry about potential hazards — and wonder whether we remain fully in control of our inventions” these are the words of Joel Achenbach as it appeared in The Week.

A particular characteristic of human behavior is the concept of justice, that somehow all humans are created equal in this should be highlighted in the justice system as a concept of equal treatment and rights from the law, the law can treat none better than another. A rational system is therefore a system linked with justice. They claim economics fails because humans are not rational, what they are really saying is that humans are not moral, are not just, they do not use logic, if you hurt somebody, logically they must try to hurt you back, logic and justice are not too far apart.

Understanding rationality and morals allows us to understand the argument against artificial intelligence, A.I. Those warning against A.I believe what they see as irrationality in human beings will be exposed in A.I, they believe in irrationality, lack of morals calling themselves pragmatic. The argument against A.I in essence is from people who do not believe in an honest dollar, especially the act of earning it, they believe humans are irrational, their words.

They believe in a dreary, frightening future, something like the movie ‘The Hunger Games.’ The majority are near destitute, no jobs, literally returned to earning a livelihood from the land. The aristocracy, the elite of this bleak future leave in grandeur and splendor, everything provided for, we can assume provided for by nearly fully automated systems. But this would be stagnant wealth, and history has shown however that a society is stronger and richer if the masses are involved in economic activity. This is because money can circulate to a greater number of people, versus merely circulating around an elite. The elite of course defended by killer robots.

Those who understand justice, know that the ordinary citizenry must also have these killer robots available to them.

Those who believe in justice, those who have some sort of comprehension of injustice, those who have faced the irrational of the irrational, humans who desire to appear as the light of the world, a beacon of humanity, no, mankind is the light of the world, the future of this world is mankind’s destiny. They understand that A.I is justice, an honest dollar, an honest reputation. Their voices are mostly drowned out in large by an irrational media, irrational being illogical and immoral.

Readers of economics accept that economics is a science, humans are printing money and keeping inflation under control, this is a strong understanding of the relationship between money and goods, a great deal of information analyzed to get to this understanding. With this understanding we know that wealth for the society is created by circulating money not stagnant wealth kept within what Thorstein Veblen would call the leisure class, one could easily say aristocracy, similar concepts.

There will come a time because of A.I when humanity will have to choose between a dreary, the irrational conclusion, but if that is the end then that is human nature no matter what we do our self-destruction can be guaranteed. Or we can choose a more rational path, a more rational conclusion because of our more scientific understanding of economics. We can tame inflation, through analysis of available information we know that greater circulation of money means a stronger economy, the larger the percentage of the population participating in the economy, the greater the circulation of money.

If not the dreary future, then people must be paid when the enterprises are nearly fully automated, paid from taxes. Robots will practically make everything, but if nobody has jobs, robots will eventually be under-utilized, they will be producing goods only for the leisure class, and those immediately supporting this class, the maids, butlers, gardeners if robots will not be undertaking those functions, maybe have some humans for vanity’s sake. It is for this reason that people will have to be paid, so that there is enough money circulating. The national stipend will have to be enough to sustain a middle class enough such that inflation is kept under control.

All citizens above a certain age are entitled to an equal pay, paid for being citizens of the society such that they can purchase goods and services of their choice, 10 000 years of human progress. Equal entitlement from the state, justice.

Private property remains central to this better future with A.I, one can choose whatever they want to do with their pay, save, endless gambling, start a business, paint, have kids, whatever the budget can fit. The concept of the free market, liberty, a just system cannot be abandoned, this will ensure greater advancement of humanity as free thought mixes without bias, maintaining an ever more efficient and just system, bailing out parasitic bankers will not be possible, blockchain technology and A.I would make them an unnecessary evil, they will gamble away their pay and enjoy themselves harming nobody. Wild Life will gain greater freedoms, we have the technology right now to utilize the land more efficiently as not to encroach on wildlife, A.I will coordinate all that.

The promises of A.I include a more just system, economics stands up to tyranny and contribute to freedom, a rational system, an honest dollar earned, earned by 10 000 years of honest scientific contributions. What can be more rational than the golden rule, do unto others as you would have them do unto you, if you don’t like being cheated, don’t cheat. If one does not like being robbed, don’t rob, that is the free market, don’t pollute my land if you do not like living with pollution, no externalities, A.I is here to help, to visit the stars. 

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Bhekuzulu Khumalo

I write about knowledge economics, information, liberty, and freedom