Addendum to Fertility, Inheritance, and the Concentration of Wealth

Recently I was having a conversation about where are the missing billionaires, a book which questions why there are so few descendants of historical magnates with fortunes equal or comparable to their founders. I.e. why the fortunes of e.g. Rockefeller descendants do not match that of the original Rockefeller (although... [Read More]

Gradual Disempowerment Might Not Be So Bad

In lesswrong-style alignment terminology we generally talk about gradual disempowerment of humanity as one of the default bad outcomes. The idea here is that AIs will slowly automate more and more jobs and slowly take over the economy. Ultimately this will result in the concerted economic influence and decision making... [Read More]