Capitalism steers technology, and technology steers markets

This post by Nathan Sanders and Bruce Schneier viewing AI’s technological problems separately from its socio-political problems.

Imagine an AI assistant for a doctor. We can imagine it affecting the profession in one of two ways. The AI could give a doctor more time to do the human parts of their job: to spend more time with their patients, to listen more closely to their needs, to explain things more fully. Or the managers of the medical practice could give that doctor five times the patients—and fire the other four. Which way it would go is not a question of technology. It’s a question of market incentives.

The two are related, of course. Capitalism steers technology, and technology steers markets. But holding the two separate helps us understand that we, as a society, face independent choices on both the technological and sociopolitical axes that need not be coupled.



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