Keen On

That Was The Week publisher Keith Teare argues we're “accelerating” toward an age of “abundance” in which AI and automation will slash production costs to near-zero, freeing humans to pursue hobbies instead of jobs. I’m less optimistic. I don’t disagree with Keith’s premise that AI will profoundly change not just our economy but our society and politics. But abundance? Who will own these AI factories? How will profits and wealth be distributed? Keith envisions massive corporate tax rates (up to 98%) redistributing automated profits, while I question whether people actually want a post-work world of ubiquitous stamp collectors or novelists. Our debate captures the gulf between Silicon Valley's utopian promises and the harsh political realities of the 2020s. Will technological abundance liberate humanity or concentrate power among tech giants and impoverish the rest of us? Five Key Takeaways * The Economics Are Clear, Politics Are Messy - Keith argues we're economically heading toward abunda