The Algorithmic Age: A Future Ruled by AI and Debt
Debt and the Brink of Capitalism
Debt was what brought us very close to the end of capitalism in 2008, and it is leading us to an extent where we do not know how we will end up.
A few months ago, I read a study discussing how half of the jobs by 2035 will be replaced by robots and algorithms. You can call it AI (for the hype) or whatever you want. The really important part of the study is that most people will lack value to society. They will not contribute.
Adding to this, most countries worldwide are reducing their working hours because they are automating processes. It is clear that we are heading towards a world where there will only be two types of people:
Those who control the algorithms, robots, or AIs
Those who contribute nothing to society
Companies and governments are imaginary entities. Obviously, Toyota exists, but it does not have feelings like a person. However, this machine can be judged or brought before a court. Therefore, I am fully convinced that just like a company or government, entities that are enti…