We’ve come to an interesting juncture in history, interesting because while we’re being assured that AI will solve all problems, including any it creates, back in the real world, AI is incapable of fixing what’s broken because too many people are getting rich off the status quo, and since the status quo is the problem, those who own / control AI will use it to maintain the status quo, guaranteeing that what’s broken spirals into irreversible breakdown.
Richard Bonugli and I discuss what’s fatally broken in a new podcast on what it will take to become Bullish (32 min).
Let’s start with what’s “obvious”: letting what’s broken fester until it implodes the status quo is not bullish, and neither is substituting delusion and denial for a realistic appraisal of what’s actually broken–the essential observe and orient steps in the OODA loop (observe, orient, decide, act).
I’ve often described the two dynamics that are broken that AI can’t fix because those who own / control AI are using it to increase the asymmetrical distribution of wealth and income that are the source of breakdown. Consider healthcare. Everyone except the managers / owners / shareholders of healthcare / pharma cartels agrees healthcare is fundamentally broken and is bankrupting households, employers and the government / nation.
