Is Technological Progress Good For Everyone? With Daron Acemoglu
Capitalisn't
00:00
The Importance of Institutional Structure in Economic Growth
If you look at that post war era in greater detail, you see that there isn't anything inevitable about it. China grew very little until Mao's fall and the feet of the Gango 4. The same thing in Africa, for several decades, African countries actually experienced declines in their GDP per capita. So one of the things that I really worry about AI and the broader automation is that it's going to make the developing world really squeezed into a rock and a hard place.
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