ForeCast
Phil Trammell is an economics postdoc at Stanford University's Digital Economy Lab, working on questions related to economic growth and AI. He discusses: * Why Piketty's thesis about runaway inequality was likely wrong about the past but right about the future * How full automation turns capital and labour into gross substitutes * Why catch-up growth between rich and poor countries could end * How the privatisation of returns is already concentrating wealth * Why family dynasties and inheritance become far more important in a post-automation economy * Whether autocratic regimes can outgrow democracies after AGI * How to measure whether capital is becoming truly self-replicating — and what the data currently shows Watch the video version on YouTube [https://youtu.be/rvkl1tgv_nQ]. Read a full transcript here [https://docs.google.com/document/d/171OBENu7nTslCt9NwIzeab5S8hRSo7zrI9FwZveNaL8/edit?usp=sharing]. To see all Forethought’s published research, visit forethought.org/research [https://forethought.org/research]. To subscribe to our newsletter, visit forethought.org/subscribe [https://www.forethought.org/subscribe#newsletter].
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