My argument is that climate change is the oldest problem in political economy under a new name: the private appropriation of the rent of a commons. Three design rules for climate policy follow from George’s premises.
The question this essay takes up is not whether AI will change work. It plainly already has. The question is who gets to keep the gains, and what, if anything, we intend to do about it.
The world is not as it is because it had to be. It is as it is because of choices — made by people, embedded in institutions, sustained by power. And choices, however entrenched, can be unmade.
George explained why the progress of modern technology, social services, and education failed to alleviate poverty, and why the growing wealth of industrialized economies tended to stay concentrated in the hands of the…
NMNishu Mehrish
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