Wednesday, August 20, 2025

Exploring the Intersection of Economics and AI: Insights from Casey Handmer’s Blog

Navigating the Future: The Impact of AGI and ASI on Our Economy

As we stand on the brink of a new industrial revolution driven by Artificial General Intelligence (AGI) and Artificial Super Intelligence (ASI), it’s vital to consider their impending impact on our economy and society.

Key Points:

  • Post-Capitalism Predictions:

    • Reflects on Keynes’ 1930 forecast of reduced work hours, highlighting today’s stagnant 40-hour work weeks.
    • Explores the societal implications of a shift towards increased automation.
  • Socio-Economic Disparities:

    • Addresses how a small class of AI superusers may outprice many for essential goods like housing and healthcare.
    • Suggests the potential of technology to transform rivalrous goods into non-rivalrous ones, easing scarcity.
  • Policy Recommendations:

    • Advocates for deregulation and tech-driven solutions to combat scarcity in essential sectors.

The dialogue about our socio-economic landscape is crucial. Let’s engage in shaping a future that ensures equitable benefits from technological advances. Share your thoughts and let’s rethink our path forward together!

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