The narrative from the AI labs is dazzling: build AGI, unlock astonishing productivity, and watch GDP surge. It’s a compelling story, especially if you’re the one building or investing in the new thought machines. But it skips the part that makes an economy an economy: circulation. An economy is not simply production. It is production Read More
AI and the Next Economy
The narrative from the AI labs is dazzling: build AGI, unlock astonishing productivity, and watch GDP surge. It’s a compelling story, especially if you’re the one building or investing in the new thought machines. But it skips the part that makes an economy an economy: circulation. An economy is not simply production. It is production
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