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Bill Fulkerson

Why a 400-Year Program of Modernist Thinking is Exploding | naked capitalism - 0 views

www.nakedcapitalism.com/...ernist-thinking-exploding.html

capitalism power society

shared by Bill Fulkerson on 11 Mar 17 - No Cached
  • Bill Fulkerson on 11 Mar 17
     
    " Fearless commentary on finance, economics, politics and power Follow yvessmith on Twitter Feedburner RSS Feed RSS Feed for Comments Subscribe via Email SUBSCRIBE Recent Items Links 3/11/17 - 03/11/2017 - Yves Smith Deutsche Bank Tries to Stay Alive - 03/11/2017 - Yves Smith John Helmer: Australian Government Trips Up Ukrainian Court Claim of MH17 as Terrorism - 03/11/2017 - Yves Smith 2:00PM Water Cooler 3/10/2017 - 03/10/2017 - Lambert Strether Why a 400-Year Program of Modernist Thinking is Exploding - 03/10/2017 - Yves Smith Links 3/10/17 - 03/10/2017 - Yves Smith Why It Will Take a Lot More Than a Smartphone to Get the Sharing Economy Started - 03/10/2017 - Yves Smith CalPERS' General Counsel Railroads Board on Fiduciary Counsel Selection - 03/10/2017 - Yves Smith Another Somalian Famine - 03/10/2017 - Yves Smith Trade now with TradeStation - Highest rated for frequent traders Why a 400-Year Program of Modernist Thinking is Exploding Posted on March 10, 2017 by Yves Smith By Lynn Parramore, Senior Research Analyst at the Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking website Across the globe, a collective freak-out spanning the whole political system is picking up steam with every new "surprise" election, rush of tormented souls across borders, and tweet from the star of America's great unreality show, Donald Trump. But what exactly is the force that seems to be pushing us towards Armageddon? Is it capitalism gone wild? Globalization? Political corruption? Techno-nightmares? Rajani Kanth, a political economist, social thinker, and poet, goes beyond any of these explanations for the answer. In his view, what's throwing most of us off kilter - whether we think of ourselves as on the left or right, capitalist or socialist -was birthed 400 years ago during the period of the Enlightenment. It's a set of assumptions, a particular way of looking at the world that pushed out previous modes o
Bill Fulkerson

Even if you build it, the poor can't come: against supply-side - Mark R Reiff | Aeon Ideas - 0 views

aeon.co/...-cant-come-against-supply-side

supply demand economics poor

shared by Bill Fulkerson on 05 Jun 18 - No Cached
  • Recent history has shown that we can’t be sure that economic expansion alone will solve our wider economic problems. Almost all of the benefits of economic growth during the past 30 years or so have accrued to the rich, and mostly to the super-rich. Real income for most people has been stagnant or even declined. The new jobs that have been created are mostly temporary, low-wage, no-benefit jobs. Permanent, good-wage jobs with benefits have continued to disappear. Rather than giving money to the rich in these circumstances and hoping that it trickles down to the rest of us, as the supply-siders suggest, it would be better to give money to the poor and middle-class, as the Keynesians suggest. The Keynesian approach, after all, has worked many times in the past. Indeed, it’s how the West emerged from the Great Depression. But most importantly, if for some reason it doesn’t work, at least we will have made the right people better off.
Steve Bosserman

Refugees a Burden? Trump Says Yes; Research Says Otherwise - 0 views

undark.org/...refugees-benefit-their-hosts

refugees spillover economic benefits

shared by Steve Bosserman on 08 May 17 - No Cached
  • At least a dozen local, regional, and global analyses published in the last five years provide credible evidence that refugees and migrants offer long-term economic benefits for their new communities. J. Edward Taylor, a professor of agricultural and resource economics at the University of California, Davis, and director of the Rural Economies of the Americas and Pacific Rim Program, led two such studies, from Rwanda and Uganda, finding that every dollar spent by governments and organizations on refugee aid is multiplied as added income.
  • This “spillover,” as economists call it, accrues when refugees buy goods and services from local vendors and producers. In Rwanda, each additional refugee resulted in an added $205 to $253 to the economy each year. In Uganda, each refugee dollar spent generated an additional $1 to $1.50 in local income. Spillover benefits are higher when refugees receive cash transfers instead of food aid. In fact, the World Food Program promotes a program doing just this in part because it also allows refugees to make their own market choices.
  • But the overall finding offered a powerful message, Parsons said: “It implies that we have nothing to fear from accepting refugees, as long as appropriate mechanisms and support programs are in place to help people resettle and integrate.”
Steve Bosserman

Modeling the global economic impact of AI | McKinsey - 0 views

www.mckinsey.com/...act-of-ai-on-the-world-economy

artificial intelligence global economy

shared by Steve Bosserman on 01 Dec 18 - No Cached
  • The role of artificial intelligence (AI) tools and techniques in business and the global economy is a hot topic. This is not surprising given that AI might usher in radical—arguably unprecedented—changes in the way people live and work. The AI revolution is not in its infancy, but most of its economic impact is yet to come.
  • New research from the McKinsey Global Institute attempts to simulate the impact of AI on the world economy. First, it builds on an understanding of the behavior of companies and the dynamics of various sectors to develop a bottom-up view of how to adopt and absorb AI technologies. Second, it takes into account the likely disruptions that countries, companies, and workers are likely to experience as they transition to AI. There will very probably be costs during this transition period, and they need to be factored into any estimate. The analysis examines how economic gains and losses are likely to be distributed among firms, employees, and countries and how this distribution could potentially hamper the capture of AI benefits. Third, the research examines the dynamics of AI for a wide range of countries—clustered into groups with similar characteristics—with the aim of giving a more global view.
  • The analysis should be seen as a guide to the potential economic impact of AI based on the best knowledge available at this stage. Among the major findings are the following: There is large potential for AI to contribute to global economic activity A key challenge is that adoption of AI could widen gaps among countries, companies, and workers
Steve Bosserman

She Is a Gold Digger: Women Strike It Big in East Africa - 0 views

www.ozy.com/...91742

mining gold africa tanzania ownership women

shared by Steve Bosserman on 29 Jan 19 - No Cached
  • Tanzania alone sits on an estimated 2,222 metric tons of gold and boasts the third-highest reserves of the metal in Africa. But while the failure of these reserves to translate into wealth for ordinary people has led to populist moves – Tanzania’s President John Magufuli has demanded foreign mining firms pay higher taxes if they want to continue exporting — the problem may lie, in part, elsewhere. While women account for about 40 to 50 percent of Africa’s 8 million artisanal miners, their average income is significantly lower than that of their male counterparts, according to the African Center for Economic Transformation.
  • That has a spillover effect on communities. An established body of economic research, including by organizations like the Organization for Economic Cooperation and Development (OECD), has shown that economic empowerment of women translates into greater benefits for their families and communities than similar levels of earnings for men. That’s a phenomenon that groups working with gold miners in East Africa are witnessing also.
Steve Bosserman

The idea of intellectual property is nonsensical and pernicious - Samir Chopra | Aeon E... - 0 views

aeon.co/...-is-nonsensical-and-pernicious

intellectual property

shared by Steve Bosserman on 12 Nov 18 - No Cached
  • A general term is useful only if it subsumes related concepts in such a way that semantic value is added. If our comprehension is not increased by our chosen generalised term, then we shouldn’t use it. A common claim such as ‘they stole my intellectual property’ is singularly uninformative, since the general term ‘intellectual property’ obscures more than it illuminates. If copyright infringement is alleged, we try to identify the copyrightable concrete expression, the nature of the infringement and so on. If patent infringement is alleged, we check another set of conditions (does the ‘new’ invention replicate the design of the older one?), and so on for trademarks (does the offending symbol substantially and misleadingly resemble the protected trademark?) and trade secrets (did the enterprise attempt to keep supposedly protected information secret?) The use of the general term ‘intellectual property’ tells us precisely nothing.
  • Property is a legally constructed, historically contingent, social fact. It is founded on economic and social imperatives to distribute and manage material resources – and, thus, wealth and power. As the preface to a legal textbook puts it, legal systems of property ‘confer benefits and impose burdens’ on owners and nonowners respectively. Law defines property. It circumscribes the conditions under which legal subjects may acquire, and properly use and dispose of their property and that of others. It makes concrete the ‘natural right’ of holding property. Different sets of rules create systems with varying allocations of power for owners and others. Some grants of property rights lock in, preserve and reinforce existing relations of race, class or gender, stratifying society and creating new, entrenched, propertied classes. Law makes property part of our socially constructed reality, reconfigurable if social needs change.
  • ‘Property’ is a legal term with overwhelming emotive, expressive and rhetorical impact. It is regarded as the foundation of a culture and as the foundation of an economic system. It pervades our moral sense, our normative order. It has ideological weight and propaganda value. To use the term ‘intellectual property’ is to partake of property’s expressive impact in an economic and political order constructed by property’s legal rights. It is to suggest that if property is at play, then it can be stolen, and therefore must be protected with the same zeal that the homeowner guards her home against invaders and thieves.
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  • What about the common objection that without ‘intellectual property’ the proverbial starving artist would be at the mercy of giant corporations, who have existing market share and first-mover advantage? It is important to disaggregate the necessity and desirability of the protections of the various legal regimes of copyright, patents, trademarks and trade secrets from that of the language of ‘intellectual property’. Current copyright, patent, trade-secret and trademark law do not need to be completely rejected. Their aims are rather more modest: the reconfiguration of legal rules and protections in an economy and culture in which the nature of creative goods and how they are made, used, shared, modified and distributed has changed. Such advocacy is not against, for instance, copyright protections. Indeed, in the domain of free and open-source software, it is copyright law – through the use of artfully configured software licences that do not restrain users in the way that traditional proprietary software licences do – that protects developers and users. And neither do copyright reformers argue that plagiarists be somehow rewarded; they do not advocate that anyone should be able to take a copyrighted work, put their name on it, and sell it.
  • This public domain is ours to draw upon for future use. The granting of temporary leases to various landlords to extract monopoly rent should be recognised for what it is: a limited privilege for our benefit. The use of ‘intellectual property’ is a rhetorical move by one partner in this conversation, the one owning the supposed ‘property right’. There is no need for us to play along, to confuse one kind of property with another or, for that matter, to even consider the latter kind of object any kind of property at all. Doing so will not dismantle the elaborate structures of rules we have built in order to incentivise artistic and scientific work. Rather, it will make it possible for that work to continue.
Steve Bosserman

The wealth of our collective data should belong to all of us | Chris Hughes - 0 views

www.theguardian.com/...ook-google-data-tax-regulation

data mining

shared by Steve Bosserman on 28 Apr 18 - No Cached
  • Nearly every moment of our lives, we’re producing data about ourselves that companies profit from. Our smartwatches know when we wake up, Alexa listens to our private conversations, our phones track where we go, Google knows what we email and search, Facebook knows what we share with friends, and our loyalty cards remember what we buy. We share all this data about ourselves because we like the services these companies provide, and business leaders tell us we must to make it possible for those services to be cheap or free.
  • We should not only expect that these companies better protect our data – we should also ensure that everyone creating it shares in the economic value it generates. One person’s data is worth little, but the collection of lots of people’s data is what fuels the insights that companies use to make more money or networks, like Facebook, that marketers are so attracted to. Data isn’t the “new oil”, as some have claimed: it isn’t a non-renewable natural resource that comes from a piece of earth that a lucky property owner controls. We have all pitched in to create a new commonwealth of information about ourselves that is bigger than any single participant, and we should all benefit from it.
  • The value of our data has a lot in common with the value of our labor: a single individual worker, outside of the rarest professions, can be replaced by another with similar skills. But when workers organize to withhold their labor, they have much more power to ensure employers more fairly value it. Just as one worker is an island but organized workers are a force to be reckoned with, the users of digital platforms should organize not only for better protection of our data, but for a new contract that ensures everyone shares in the historic profits we make possible.
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  • A data dividend would be a powerful way to rebalance the American economy, which currently makes it possible for a very small number of people to get rich while everyone else struggles to make ends meet.
  • A data dividend on its own would not be enough to stem growing income inequality, but it would create a universal benefit that would guarantee people benefit from the collective wealth our economy is creating more than they do today. If paired with fairer wages, more progressive taxation, and stricter enforcement of monopoly and monopsony power, it could help us turn the corner and create a country where we take care of one another and ensure that everyone has basic economic security.
Bill Fulkerson

Five years in, China's Belt and Road looks like a giant debt trap - FreightWaves - 0 views

www.freightwaves.com/...oad-looks-like-giant-debt-trap

debt road china

shared by Bill Fulkerson on 30 Aug 18 - No Cached
  • Bill Fulkerson on 30 Aug 18
     
    "Regardless of its provenance, the idea that debt and war are the two primary ways to control a nation is a great insight into the current geopolitical situation, especially the rise of China. China has benefited from the world order created by American military dominance, with its 11 carrier groups and hundreds of military bases straddling the globe. China is motivated by national pride and economic self-interest to extend its sphere of influence, but many of its thinkers are ideologically opposed to replicating the American model, a militarism that they still call 'Western imperialism'. "
Bill Fulkerson

What Is A Federal Jobs Guarantee? | HuffPost - 0 views

www.huffingtonpost.com/...ed_us_5b363f4ae4b007aa2f7f59fc

jobs federal

shared by Bill Fulkerson on 09 Jul 18 - No Cached
  • Bill Fulkerson on 09 Jul 18
     
    "he premise is that everyone should be entitled to a good job, one that pays at least $15 an hour and comes with benefits such as health care, family leave policies and child care. The program would be administered at a local level, with federal funding, and jobs would be fitted to people, not the other way around. The aim "is not to change the worker in some fundamental way," said Stephanie Kelton, a professor of public policy and economics at Stony Brook University and formerly a senior advisor to Sanders. "You take the worker the way they are and you fit the job to the worker.""
Bill Fulkerson

China Must Solve Urban-Rural Divide to Solve Income Inequality - Asia Sentinel - 0 views

www.asiasentinel.com/...rural-divide-income-inequality

income inequality china

shared by Bill Fulkerson on 04 Oct 18 - No Cached
  • Bill Fulkerson on 04 Oct 18
     
    "On Sept. 20, the International Monetary Fund  painted a stark portrait of income inequality in China, with officials writing in a blog post that "More than two decades of spectacular economic growth in China have raised incomes dramatically and lifted millions of people out of poverty. But growth hasn't benefited all segments of the population equally. In fact, China has moved from being moderately unequal in 1990 to being one of the world's most unequal countries.""
Bill Fulkerson

Irrigation schemes in sub-Saharan Africa are consistently falling short of their promises - 0 views

phys.org/...ub-saharan-africa-falling.html

africa irrigation

shared by Bill Fulkerson on 22 Jan 21 - No Cached
  • Bill Fulkerson on 22 Jan 21
     
    Large-scale irrigation infrastructure projects are back on the development agenda in sub-Saharan Africa after a near 30-year hiatus, despite projects having had disappointing results, with social and environmental side effects outweighing benefits. Such projects are planned in response to water scarcity pressures and are seen as a solution to intensify agricultural production, support rural economic development and enhance resilience to climate change.
Steve Bosserman

The CFA Franc Zones: Neocolonialism and Dependency - Economic Questions - 0 views

economicquestions.org/cfa-franc-neocolonialism

franc zones dependency africa neocolonialism france

shared by Steve Bosserman on 19 Aug 18 - No Cached
  • In conclusion, the CFA franc zones continue to be dominated by the political will, economic interest, and geopolitical strategy pursued by the French republic. It seems some elite leaders do not wean away from France’s influence. President Omar Bongo of Gabor said, “France without Gabon is like a car without petrol, Gabon without France is analogous to a car without a driver.” The previous quote can be applied to almost all of the franc zone nations. The set up of the currency unions benefits France more than its members. French colonialism is preventing the development of these nations and causing them to be dependent.
Steve Bosserman

Finland's Basic Income Pilot Was Never Really A Universal Basic Income - 0 views

www.fastcompany.com/...eally-a-universal-basic-income

universal basic income poverty finland

shared by Steve Bosserman on 28 Apr 18 - No Cached
  • The whole premise of a true universal income program is that people can be eligible to receive the supplemental payment regardless of whether or not they work. While the income threshold for receiving the benefit necessarily varies by context, generally the idea is to help people clear the poverty threshold wherever they live.
  • In contrast, a significant part of the appeal of true UBI programs now comes from the fact that jobs–especially for less highly skilled workers–have not proven to be an adequate source of economic stability. And with automation threatening to make low-skilled jobs like cashier or waiter redundant, we can’t continue to rely on jobs as a path out of poverty. A UBI could certainly enable people to work if they would like to, but the point of it is that economic well-being should be a guarantee for all, regardless of labor.
  • Since 1982, the Alaskan government has sent a check to every resident from an investment fund established with oil revenues. In 2015, when oil prices were high, the Alaska Dividend Fund sent every individual an annual check for $2,072, or $8,288 for a family of four. Nobody is arguing that this annual stipend is enough to live on, or to qualify as a true UBI (especially because it fluctuates with the price of oil), but it’s a proven model for how a government can collect and redistribute revenue. Perhaps, Marinescu says, Alaska could be instructive in how states could put a tax on carbon and use the revenues to boost incomes.
Steve Bosserman

Will AI replace Humans? - FutureSin - Medium - 0 views

medium.com/...ai-replace-humans-42c19c114cb8

humans robotics artificial intelligence

shared by Steve Bosserman on 26 Apr 18 - No Cached
  • According to the World Economic Forum’s Future of Jobs report, some jobs will be wiped out, others will be in high demand, but all in all, around 5 million jobs will be lost. The real question is then, how many jobs will be made redundant in the 2020s? Many futurists including Google’s Chief Futurist believe this will necessitate a universal human stipend that could become globally ubiquitous as early as the 2030s.
  • AI will optimize many of our systems, but also create new jobs. We don’t know the rate at which it will do this. Research firm Gartner further confirms the hypothesis of AI creating more jobs than it replaces, by predicting that in 2020, AI will create 2.3 million new jobs while eliminating 1.8 million traditional jobs.
  • In an era where it’s being shown we can’t even regulate algorithms, how will we be able to regulate AI and robots that will progressively have a better capacity to self-learn, self-engineer, self-code and self-replicate? This first wave of robots are simply robots capable of performing repetitive tasks, but as human beings become less intelligent trapped in digital immersion, the rate at which robots learn how to learn will exponentially increase.How do humans stay relevant when Big Data enables AI to comb through contextual data as would a supercomputer? Data will no longer be the purvey of human beings, neither medical diagnosis and many other things. To say that AI “augments” human in this respect, is extremely naive and hopelessly optimistic. In many respects, AI completely replaces the need for human beings. This is what I term the automation economy.
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  • If China, Russia and the U.S. are in a race for AI supremacy, the kind of manifestations of AI will be so significant, they could alter the entire future of human civilization.
  • THE EXPONENTIAL THREATFrom drones, to nanobots to 3D-printing, automation could lead to unparalleled changes to how we live and work. In spite of the increase in global GDP, most people’s quality of living is not likely to see the benefit as it will increasingly be funneled into the pockets of the 1%. Capitalism then, favors the development of an AI that’s fundamentally exploitative to the common global citizen.Just as we exchanged our personal data for convenience and the illusion of social connection online, we will barter convenience for a world a global police state where social credit systems and AI decide how much of a “human stipend” (basic income) we receive. Our poverty or the social privilege we are born into, may have a more obscure relationship to a global system where AI monitors every aspect of our lives.Eventually AI will itself be the CEOs, inventors, master engineers and creator of more efficient robots. That’s when we will know that AI has indeed replaced human beings. What will Google’s DeepMind be able to do with the full use of next-gen quantum computing and supercomputers?
  • Artificial Intelligence Will Replace HumansTo argue that AI and robots and 3D-printing and any other significant technology won’t impact and replace many human jobs, is incredibly irresponsible.That’s not to say humans won’t adapt, and even thrive in more creative, social and meaningful work!That AI replacing repetitive tasks is a good thing, can hardly be denied. But will it benefit all globally citizens equally? Will ethics, common sense and collective pragmatism and social inclusion prevail over profiteers?Will younger value systems such as decentralization and sustainable living thrive with the advances of artificial intelligence?Will human beings be able to find sufficient meaning in a life where many of them won’t have a designated occupation to fill their time?These are the question that futurists like me ponder, and you should too.
Steve Bosserman

Could a Basic Income Plan End Poverty in Washington, D.C.? - 0 views

undark.org/...yd-blog-universal-basic-income

universal basic income

shared by Steve Bosserman on 12 May 18 - No Cached
  • The 86-page report, from the District’s Office of the Budget Director, applies evidence-based methodology and economic forecasting to compare two approaches to alleviating poverty: a negative local income tax (similar to the federal earned-income tax credit for poor families) versus a straightforward cash grant, known as guaranteed or universal basic income (UBI for short).
  • “There are certainly a lot of advantages to a UBI program,” one of the researchers, Susanna Groves, a senior budget analyst for the city, said on a recent episode of “The Basic Income Podcast.” “It doesn’t have a social stigma attached to it. It provides a benefit for everyone and could really help. But what we found is that a negative income tax was a more feasible approach for the District to provide a minimum income benefit.”
Steve Bosserman

Universal Basic Assets: A Smarter Fix Than Universal Basic Income? | Fast Forward | OZY - 0 views

www.ozy.com/...90019

universal basic assets uba income disparity

shared by Steve Bosserman on 01 Dec 18 - No Cached
  • For 40 years, Robert E. Friedman and his Washington-based nonprofit Prosperity Now have helped millions of people from economically vulnerable communities gain financial security and stability. Income disparity, however, has only grown across the United States. Now, the 69-year-old Friedman is arguing for a macroeconomic fix — and it doesn’t involve the government just doling out cash. Instead, he advocates giving everyone assets like savings, education and homeownership, instituting a system of universal basic assets (UBA). And Friedman isn’t alone.
  • As cities and countries across the world experiment with the currently in-vogue idea of universal basic income (UBI), a small but growing number of scholars, nonprofits and researchers are beginning to argue for an alternative framework for prosperity. At its heart, they’re pushing for a 21st-century version of the age-old proverb that it’s better to teach a man how to fish than to simply give him fish. Just four years ago, UBA as a modern concept was unknown. Today, it’s emerging as a challenger to UBI as a means to the same goal: less income disparity and greater opportunities for all.
  • It’s an idea that has appeal on both sides of the political aisle. Liberals are drawn to UBA’s “provide for everyone” ethos, while libertarians see it as a reason to cut the “safety net” of government subsidies like welfare and unemployment, says Friedman. The bipartisan appeal comes from the notion that asset-building gives people more options, says C. Eugene Steuerle, former deputy assistant secretary of the U.S. Department of the Treasury for Tax Analysis under President Ronald Reagan and co-founder of the Urban-Brookings Tax Policy Center. ”UBA is a middle-of-the-road policy,” he says. “It’s an ideal compromise between left and right because it promotes mobility and opportunity, and less dependence on government.”
  • ...1 more annotation...
  • At the Institute for the Future, Gorbis is convinced that assets are a critical determinant of an individual’s resources, especially with the rise of the gig economy where many don’t have access to benefits like health insurance and retirement savings. “When you look at data, a lot of inequality is deeper than income — it’s also about debt,” she says, adding, “for poor people, housing is the main asset.” That’s why Gorbis suggests UBA should start with access to housing, but also include access to public resources like transit. If you can take public transit, you don’t need to own a car, she says. When basic assets were first discussed, the crowning jewel was land — upon which the Homestead Act was based. Then, all eyes turned to jobs as the ultimate means of security. Today, Gorbis says, we should begin to look at data. Access to data — the internet, online education and resources — significantly affects socioeconomic status.
Steve Bosserman

Can Sustainable Agriculture Survive Under Capitalism? - 0 views

psmag.com/...lture-survive-under-capitalism

sustainable agriculture capitalism

shared by Steve Bosserman on 29 Jan 19 - No Cached
  • One problem is the price of the produce. Many of us have had the experience of turning up at our local farmers' market, armed with tote bags, only to slink back to the supermarket after seeing the prices of the vegetables on offer. This is hardly the fault of the individual farmers. Still, as Pilgeram points out in a paper that she published in 2011, the costs involved with running such an operation mean that the benefits are inevitably affordable only to a small (generally white and middle-class) portion of society.
  • But it's a limited victory, Pilgeram writes in her most recent paper, published in November of 2018, and empowers only a certain class of women "while leaving [the capitalist] system basically entirely unaffected"—and which also risks gentrifying the towns to which these farmers move, further entrenching the country's class divide.
  • "The economic system that we have in place makes it impossible, really, to create a socially just food system. It's not possible under capitalism," Pilgeram says. Without a drastic change to this system, sustainable agriculture risks becoming an "esoteric side note" to conventional agriculture, she adds—or simply another way for those with money to live healthier lives than those without.
Steve Bosserman

UK can lead the way on ethical AI, says Lords Committee - News from Parliament - UK Par... - 0 views

www.parliament.uk/...ai-report-published

artificial intelligence

shared by Steve Bosserman on 18 Apr 18 - No Cached
  • AI Code One of the recommendations of the report is for a cross-sector AI Code to be established, which can be adopted nationally, and internationally. The Committee’s suggested five principles for such a code are: Artificial intelligence should be developed for the common good and benefit of humanity. Artificial intelligence should operate on principles of intelligibility and fairness. Artificial intelligence should not be used to diminish the data rights or privacy of individuals, families or communities. All citizens should have the right to be educated to enable them to flourish mentally, emotionally and economically alongside artificial intelligence. The autonomous power to hurt, destroy or deceive human beings should never be vested in artificial intelligence.
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