There is a powerful case to be made that the innovations of the earlier industrial revolutions were of more benefit to mankind than those of the most recent one.11 And if the principal consequence of advanced robotics and artificial intelligence really is going to be large-scale unemployment,12 the chances are surely quite low that a majority of mankind13 will uncomplainingly devote themselves to harmless leisure pursuits in return for some modest but sufficient basic income. Only the sedative-based totalitarianism imagined by Aldous Huxley would make such a social arrangement viable.14 A more likely outcome is a repeat of the violent upheavals that ultimately plunged the last great Networked Age into the chaos that was the French Revolution.
( Niall Ferguson )
[ The Square and the Tower: ]
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