The most momentous challenge facing socio-economic systems today is
the arrival of artificial intelligence. If AI remains under the control
of market forces, it will inexorably result in a super-rich oligopoly of
data billionaires who reap the wealth created by robots that displace
human labor, leaving massive unemployment in their wake.
But
China’s socialist market economy could provide a solution to this. If AI
rationally allocates resources through big data analysis, and if robust
feedback loops can supplant the imperfections of “the invisible hand”
while fairly sharing the vast wealth it creates, a planned economy that
actually works could at last be achievable.
https://www.washingtonpost.com/news/theworldpost/wp/2018/05/03/end-of-capitalism/
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