Rise of the Useless Class

As algorithms push humans out of the job market, wealth and power might become concentrated in the hands of the tiny elite that owns the all-powerful algorithms, creating unprecedented social and political inequality. Alternatively, the algorithms might themselves become the owners. Human law already recognizes intersubjective entities like corporations and nations as “legal persons.” Though Toyota or Argentina has neither a body nor a mind, they are subject to international laws, they ca...

 Information is the Power to Control

Information is a part of all systems of power. Top bureaucrats try to control information as part of their control over subordinates and clients. Corporations try to control information through trade secrets and patents. Militaries try to control information using the rationale of “national security.” So-called freedom of information— namely, public access to documents produced in bureaucracies—is a threat to top bureaucrats. In a society where not everyone can read and write, litera...

 Lincoln on the Enthronement of Corporations

As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of war. God grant that my suspicions may prove groundless (emphasis mine).

 Corporations are Antithetical to the Free Market

Corporations, whose leaders portray themselves as champions of the free market, were in fact created to circumvent that market. They were an answer to the challenge of organizing thousands of people in different places and with different skills to perform large and complex tasks, like building automobiles or providing nationwide telephone service. [...]Corporations are bureaucracies and managers are bureaucrats. Their fundamental tendency is toward self-perpetuation. They are, almost by defin...