

AI Plus Capitalism a Recipe for Mass Unemployment?
5 snips Jan 17, 2024
Guest Professor Richard Wolff discusses the potential consequences of integrating AI into the capitalist system, including mass unemployment and increasing inequality. The impact of AI on the labor market is explored, including perspectives on mass unemployment and equitable distribution of benefits. The effects of AI on the entertainment sector are discussed, along with job displacement and the rise of strikes and unionization efforts. Challenges with AI such as legal liability, energy consumption, and misinformation are highlighted. The extreme wealth inequality caused by capitalism is condemned, with predictions of dire consequences for the future.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
The Impact of AI on the Labor Market
02:01 • 9min
The Impact of AI on the Entertainment Industry and the Broader Issue of Capitalism's Tendency to Squeeze Out Middle-Class Jobs
10:47 • 2min
The Impact of Artificial Intelligence on the Workforce and the Challenges Ahead
12:51 • 4min
Extreme Wealth Inequality and the Failure of Capitalism
16:58 • 6min