15 FEB 2015 by ideonexus

 The Market Forces Driving AI

Pretty soon, it will be possible to buy artificially brained robots that perform useful tasks around the house. If the price of such robots can be made affordable, then the demand for them will be huge. I believe in time that the world economy will be based upon brain-based computers. Such devices will be so useful and so popular that everyone on the planet will want to own them. As the technologies and the economics improve, the global market for such devices will only increase to the point ...
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01 JAN 2010 by ideonexus

 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...
Folksonomies: economics
Folksonomies: economics
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Adam Smith argued for free markets, where a multitude of individual transactions amongst small groups of people or individuals would produce fair prices for goods and services. Corporations subvert this process by forming large bureaucracies that make money by maintaining the status quo and squashing innovation.