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Renowned economist Daron Acemoglu discusses the intricate relationship between technology, economic growth, and societal well-being. The conversation explores historical technological advancements, the role of labor organizing, implications of AI in various sectors, and the importance of economists in shaping the future through institutions and social responsibility.
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- History shows technological progress impacts labor power dynamics, affecting prosperity distribution.
- AI's future raises concerns about unequal wealth distribution, emphasizing the importance of inclusive decision-making processes.
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Historical Choices Impacting Technology Development
The podcast delves into historical examples, like the Industrial Revolution, to highlight how choices made by industrialists shaped technology's impact on labor. Early industrial developments aimed to control labor, leading to oppressive working conditions. When democracy and unions influenced technology direction, it empowered workers, showcasing a different distribution of technological gains.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode