The accelerating competition for artificial intelligence dominance is changing everything — our lives, the world’s economy, and public policy. As the race for AI intensifies, we can’t allow shortsightedness, panic over the unknown, or desire for quick political wins to shape policies with permanent long-term consequences.The economic implications of the AI age will be larger than the industrial and digital ages combined. Allow that to sink in.The AI race shouldn’t be a playground for political stunts. Unfortunately, Washington is treating this generational shift as such. Sen. Bernie Sanders’s (I-VT) socialist 50% AI tax is corrupt. Equally misguided is President Donald Trump’s AI sovereign wealth fund. Both represent massive government intervention that will inevitably stifle innovation and disrupt free-market capitalism.
BERNIE SANDERS HAS LAUNCHED A WAR AGAINST AI AND ROBOTICS
The Sanders and Trump proposals are two sides of the same anti-capitalist coin. They are bureaucratic boondoggles that will penalize the entrepreneurial spirit that is driving the next-generation economy. They are an interference with corporate innovation that undermines free-market principles. Ambiguity about the impact of AI should not lead us to abandon the free-market philosophies Adam Smith articulated 250 years ago.
