Why AI can’t replace market capitalism

If you’re a regular reader of this newsletter or the writings and social media postings of others considered part of the loose “pro-progress” movement, you’re familiar with the criticisms of “degrowth.” Some extreme left-wing environmentalists think continued global economic growth, much less accelerated growth (Faster, please!) is unsustainable. Growth must stop, and we must redistribute existing wealth from rich to poor. As activist Greta Thunberg has famously put it, “We are at the beginning of mass extinction, and all you can talk about is money and fairy tales of eternal economic growth.”

 
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