CDZ Rough Idea for An Evolutionary Approach to Economics Utilizing Strong AI

[JimBowie1958]

OK, I hope everyone knows what Strong AI is, but there is a Wikipedia article on it if you dont know.

I am thinking we need to have three elements for it to work here in America.

1. This planned economy would be operated at a micro level using Strong AI to guide all distribution and allocation of resources in response to buyer requests. Prices would be perfectly efficient as a market bid-offer system would be built into its core programming. There are already moves in this direction with dynamic toll pricing on many of our today's toll roads, so in a few years we will have some good tested algorithms available off the shelf.

2. Each state has to have complete autonomy and implement their own versions of what this would look like. The state would manipulate the parameters of their own AI for maximum optimized results. Each state would then be like 50 experimental labs and they can share the results of their algorithms in real time. Within a few yeas the optimal settings should be available to everyone.

3. The planned economy would have to place a huge emphasis on the ability to opt out by each business. The businesses should be drawn into the system by its successes, not compelled to join under government threats of fines or worse.

4. This needs to roll out in phases under tight testing conditions and used within the government first prior to being implemented by individual states, and again, the states should be lured in drawn in by the success the government would have had in reaching optimal efficiency.

But it has to be a fluid planned economy built on a capitalist free market system, where the regulations and distribution are based on actual results, not academic theory.

 

[JimBowie1958]

A few examples of how this might work.

1. A company wants to list is retail goods on the Universal Market Application (UMA). They have it automatically photoed and its descriptions given to the UMA database. They also give an asking price order for the item.

2. A user who is looking for such an item, queries the database for retailers offering items within his criteria and price range, and he gets a series of photos and descriptions of items that come back as available, shipping methods, etc. and he then enters a market order and obtains the items that are sent to him directly.

3. the UMA then assigns the shipment to a local hauler who picks up the items in his circuit in real time and then delivers them in his route. UMA already knows from its own database which haulers, delivery services and I dont know, Uber deliverers are closest to the pick up sight and who would deliver it fastest. So we are talking about same day delivery unless the purchase has to be outside the local area.

Now all this would coexist with private services and would query many of them that wanted to be part of the system and they would make a smal mark up off the items in order to remain competitive.

 

[320 Years of History]

OK, I hope everyone knows what Strong AI is, but there is a Wikipedia article on it if you dont know.

I am thinking we need to have three elements for it to work here in America.

1. This planned economy would be operated at a micro level using Strong AI to guide all distribution and allocation of resources in response to buyer requests. Prices would be perfectly efficient as a market bid-offer system would be built into its core programming. There are already moves in this direction with dynamic toll pricing on many of our today's toll roads, so in a few years we will have some good tested algorithms available off the shelf.

2. Each state has to have complete autonomy and implement their own versions of what this would look like. The state would manipulate the parameters of their own AI for maximum optimized results. Each state would then be like 50 experimental labs and they can share the results of their algorithms in real time. Within a few yeas the optimal settings should be available to everyone.

3. The planned economy would have to place a huge emphasis on the ability to opt out by each business. The businesses should be drawn into the system by its successes, not compelled to join under government threats of fines or worse.

4. This needs to roll out in phases under tight testing conditions and used within the government first prior to being implemented by individual states, and again, the states should be lured in drawn in by the success the government would have had in reaching optimal efficiency.

But it has to be a fluid planned economy built on a capitalist free market system, where the regulations and distribution are based on actual results, not academic theory.

??? Well, if we divide the 50 states into 50 countries, we would have exactly what you've proposed.

 

[JimBowie1958]

??? Well, if we divide the 50 states into 50 countries, we would have exactly what you've proposed.

Whats wrong with economic autonomy? We already have it in many respects.

 

[320 Years of History]

??? Well, if we divide the 50 states into 50 countries, we would have exactly what you've proposed.

Whats wrong with economic autonomy? We already have it in many respects.

In and of itself, nothing. That said, we live in a world where the primary thing that binds nations and states is economic policy. One can see as much played out in the EU. The rough model you proposed allows states (state AIs) to craft their own economic policies. State level economic policy is necessarily macroeconomic policy, which then flows down to microeconmic behavior on the part of the businesses and individuals who exist within the state's/AIs sphere of management authority. That can at various times amount to 50 different economies, or it could entail something fewer than 50 if/when the state AIs implement the same principles.


Unrelated (directly) to the above...
I don't personally find that the idea you proposed objectionable; indeed it'd work just fine for me. I am certain, however, that it wouldn't be a good thing in the near term for the majority of Americans. A strong AI would always aim to maximize economic efficiency, and the economic system that does that best is laissez faire capitalism, and it would be decidedly impersonal in doing so.

Well, with that in mind, look at all the malcontent "Trumpeteers" and "Sandersonians" who hate the form of capitalism we have now because they feel it unfairly benefits folks who are successful and does too little to advance the wellbeing of the "underclasses," which is where they presently find themselves, be it through misfortune or sloth. Those folks are not at all going to cotton to even less constrained capitalism.

 

[jwoodie]

??? Well, if we divide the 50 states into 50 countries, we would have exactly what you've proposed.

Whats wrong with economic autonomy? We already have it in many respects.

In and of itself, nothing. That said, we live in a world where the primary thing that binds nations and states is economic policy. One can see as much played out in the EU. The rough model you proposed allows states (state AIs) to craft their own economic policies. State level economic policy is necessarily macroeconomic policy, which then flows down to microeconmic behavior on the part of the businesses and individuals who exist within the state's/AIs sphere of management authority. That can at various times amount to 50 different economies, or it could entail something fewer than 50 if/when the state AIs implement the same principles.


Unrelated (directly) to the above...
I don't personally find that the idea you proposed objectionable; indeed it'd work just fine for me. I am certain, however, that it wouldn't be a good thing in the near term for the majority of Americans. A strong AI would always aim to maximize economic efficiency, and the economic system that does that best is laissez faire capitalism, and it would be decidedly impersonal in doing so.

Well, with that in mind, look at all the malcontent "Trumpeteers" and "Sandersonians" who hate the form of capitalism we have now because they feel it unfairly benefits folks who are successful and does too little to advance the wellbeing of the "underclasses," which is where they presently find themselves, be it through misfortune or sloth. Those folks are not at all going to cotton to even less constrained capitalism.

This is a pretty good summary by Wikipedia:

Fundamentals of laissez-faire
Being a system of thought, laissez-faire rests on the following axioms:[16]

1. The individual is the basic unit in society.
2. The individual has a natural right to freedom.
3. The physical order of nature is a harmonious and self-regulating system.
4. Corporations are creatures of the State and therefore must be watched closely by the citizenry due to their propensity to disrupt the Smithian spontaneous order.[22]

These axioms constitute the basic elements of laissez-faire thought, although another basic and often-disregarded element is that markets should be competitive, a rule that the early advocates of laissez-faire have always emphasized.[16] To maximize freedom and allow markets to self-regulate, early advocates of laissez-faire proposed a Impôt unique, a tax on land rent to replace all taxes that damage welfare by penalizing production.[23]

I especially agree with #4, since corporations allow individuals to escape personal responsibility for their actions. Publicly traded corporations are even more so, since their officers and directors can operate with relative impunity from the shareholders. The idea that these artificial creations are recognized as "persons" with individual rights is preposterous. Instead they should be treated the same as limited partnerships, which is their financial essence.

 

[320 Years of History]

http://www.untag-smd.ac.id/files/Pe...n, 1948-2002. The Limits of Laissez-faire.pdf

 

[JimBowie1958]

http://www.untag-smd.ac.id/files/Perpustakaan_Digital_2/POLITICAL ECONOMY A Political Economy of Lebanon, 1948-2002. The Limits of Laissez-faire.pdf

Thanks!

I love blank pages save for the line that says paradoxically 'This page intentionally left blank.'

Well, it isnt blank any more after that is it?