Unexpected: Studies Suggest That Rather Than Killing Jobs, AI Could Revive The Middle Class + More

We’ve certainly been talking a lot about the “AI Doomers” who insist that AI is all too likely to destroy humanity. However, even people who aren’t fully on board with the existential threat of AI do often say that, at the very least, it’s going to destroy jobs for most people, potentially creating huge problems. For years now, people have been arguing for universal basic income, in large part, because they think that automation and AI will take away everyone’s jobs. I mean, it was a core plank of Andrew Yang’s silly run for President.

Studies Suggest That Rather Than Killing Jobs, AI Could Revive The Middle Class

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[2017] “Another kick in the teeth”: a top economist on how trade with China helped elect Trump

David Autor believes both these things to be true: one, that Donald Trump’s diagnosis of trade with China as the source of woe for countless American workers was both accurate and a crucial part of his appeal on his march to the White House. And two, that Trump’s plan to help those workers by cracking down on trade is likely to backfire.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

The Failed Serotonin Theory of Depression: A Marxist Analysis

By Carlos L. Garrido – Sep 9, 2022

A recent study published in the journal Molecular Psychiatry sent shockwaves across the scientific community and popular outlets as it disproved the predominant “serotonin hypothesis” of depression. In just two weeks since its publication it has been accessed by nearly half a million people and the subject of dozens of subsequent articles. The researchers analyzed a total of seventeen systematic reviews, meta-analyses, and other large studies focused on the following six tenets pertinent to the “serotonin hypothesis” of depression:

The Failed Serotonin Theory of Depression: A Marxist Analysis

What’s wrong with the USA?

China has been, variously described as a rising power, a sleeping dragon and a collapsing economy. Most of the rhetoric is driven from the US. Inside their government, both the Senate and Congress have anti-China hawks, their State Department seems to see a threat at every turning point and their military seems to believe that a defensive People’s liberation Army is a bad thing as it threatens US interests. Books reports and documentaries are created about mass dissatisfaction which extended academic research seems unable to identify.

What’s wrong with the USA? (archived)

The Origin of Student Debt: Reagan Adviser Warned Free College Would Create a Dangerous “Educated Proletariat”

The Origin of Student Debt: Reagan Adviser Warned Free College Would Create a Dangerous “Educated Proletariat”

In 1970, Ronald Reagan was running for reelection as governor of California. He had first won in 1966 with confrontational rhetoric toward the University of California public college system and executed confrontational policies when in office. In May 1970, Reagan had shut down all 28 UC campuses in the midst of student protests against the Vietnam War and the U.S. bombing of Cambodia. On October 29, less than a week before the election, his education adviser Roger A. Freeman spoke at a press conference to defend him.

Freeman’s remarks were reported the next day in the San Francisco Chronicle under the headline “Professor Sees Peril in Education.” According to the Chronicle article, Freeman said, “We are in danger of producing an educated proletariat. … That’s dynamite! We have to be selective on who we allow [to go to college].”

In retrospect, this period was the clear turning point in America’s policies toward higher education. For decades, there had been enthusiastic bipartisan agreement that states should fund high-quality public colleges so that their youth could receive higher education for free or nearly so. That has now vanished. In 1968, California residents paid a $300 yearly fee to attend Berkeley, the equivalent of about $2,000 now. Now tuition at Berkeley is $15,000, with total yearly student costs reaching almost $40,000.

That brings us to today. Biden’s actions, while positive, are merely a Band-Aid on a crisis 50 years in the making. In 1822, founding father James Madison wrote to a friend that “the liberal appropriations made by the Legislature of Kentucky for a general system of Education cannot be too much applauded. … Enlightened patriotism … is now providing for the State a Plan of Education embracing every class of Citizens.”

“Knowledge will forever govern ignorance,” Madison explained, “and a people who mean to be their own governors must arm themselves with the power which knowledge gives.” Freeman and Reagan and their compatriots agreed with Madison’s perspective but wanted to prevent Americans from gaining this power. If we want to take another path, the U.S. will have to recover a vision of a well-educated populace not as a terrible threat, but as a positive force that makes the nation better for everyone — and so should largely be paid for by all of us.

The New National American Elite

The New National American Elite

More and more Americans are figuring out that “wokeness” functions in the new, centralized American elite as a device to exclude working-class Americans of all races, along with backward remnants of the old regional elites. In effect, the new national oligarchy changes the codes and the passwords every six months or so, and notifies its members through the universities and the prestige media and Twitter. America’s working-class majority of all races pays far less attention than the elite to the media, and is highly unlikely to have a kid at Harvard or Yale to clue them in. And non-college-educated Americans spend very little time on Facebook and Twitter, the latter of which they are unlikely to be able to identify—which, among other things, proves the idiocy of the “Russiagate” theory that Vladimir Putin brainwashed white working-class Americans into voting for Trump by memes in social media which they are the least likely American voters to see.

Constantly replacing old terms with new terms known only to the oligarchs is a brilliant strategy of social exclusion. The rationale is supposed to be that this shows greater respect for particular groups. But there was no grassroots working-class movement among Black Americans demanding the use of “enslaved persons” instead of “slaves” and the overwhelming majority of Americans of Latin American descent—a wildly homogenizing category created by the U.S. Census Bureau—reject the weird term “Latinx.” Woke speech is simply a ruling-class dialect, which must be updated frequently to keep the lower orders from breaking the code and successfully imitating their betters.

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YouTubeTwin Problems: Social Media and Power Concentration by Economist Ashley Hodgson