Kaushik Basu proposes “universal basic shares” to prevent highly concentrated control from creating a tiny ruling class.
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Innovation
Jun 18, 2026
Kaushik Basu
Artificial general intelligence could dramatically increase human prosperity and free people from countless mundane tasks. But unless its benefits and ownership are broadly shared, it could deprive billions of workers of their livelihoods and pave the way for a new form of techno-authoritarianism.
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"We are at a point in history where something amazing is happening, and it may be amazingly good, and it may be amazingly bad."
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With AI hype reaching fever pitch, a backlash has begun, with university graduates, in particular, resisting a technology that…
