"We need a pivot ... toward a focus on 'machine usefulness,' the idea that computers should primarily enhance human capabilities."
"Power and Progress," by Daron Acemoglu and Simon Johnson explores several moments when technology led to the opposite of shared prosperity.
"If we don't act quickly, we could find ourselves on a prolonged and steeper downward path — with damaging effects for the economy."
"Regulation and supervision will need to be strengthened in an appropriate manner. Many people said this after 2008, but not enough was done."
"Some people involved in trading Russian oil may be lying to data providers, officials, and the broader market about transaction prices."
"I'm sure that was a very lonely struggle. But it was quite effective...and made people think about the consequences of [relaxing regulations.]"
"Everyone is focused on leveraging AI to cut labor costs, with little concern … for the future of American spending power."
"There is nothing automatic about new technologies bringing widespread prosperity."
"Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity" by Profs. Daron Acemoglu and Simon Johnson.
To make continued progress, the coalition imposing the [Russian oil price] cap should create a policy committee, with regular monthly meetings."
