Continuations

The Magic Employment Fallacy Invoking the “Lump of Labor Fallacy” to shut down discussion of the labor market impact of AI and robotics is once again popular. Labeling something a fallacy is a powerful move. After all, who would want to hold “a mistaken belief, especially one based on unsound argument” (common definition for fallacy) and where one will be accused of zero sum thinking?So what is the lump of labor fallacy? It is the belief that there is a fixed amount, a “lump,” of labor and so...

My book is called The World After Capital because capital is no longer our binding constraint. We have sufficient physical capital to provide for our needs. Instead, the defining scarcity of our time is attention. Much of our attention is trapped in the job loop consisting of work and consumption. And what remains is being sucked up by systems that algorithmicly maximize for grabbing as much of it as possible. The result is an attention crisis where important collective and individual problem...