
Capitalism as Usual w/ Cecilia Rikap
Macrodose
00:00
The Techno-View Dualism of Innovation
Joseph Schumpeter had a theory of innovation which said okay it creates monopolies but this is good because then we get more stuff out of the side of it. So potentially what you're describing actually sounds positive in stark contrast to talking about is techno-view dualism. For innovation to lead to economic growth you need diffusion and that's true with general purpose technology like artificial intelligence. Even if all the companies in the world adopt the technology that's that adoption will be as black boxes they will never learn to produce AI by themselves, he says.
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