Books

"For one thing, if mechanization opened new vistas of comfort and prosperity for all men, it also destroyed the livelihood of some and left others to vegetate in the backwaters of the stream of progress. Change is demonic; it creates, but it also destroys, and the victims of the Industrial Revolution were numbered in the hundreds of thousands or even millions. (On the other hand, many of these would have been even worse off without industrialization.) By the same token, the Industrial Revolution tended, especially in its earlier stages, to widen the gap between rich and poor and sharpen the cleavage between employer and employed, thereby opening the door to class conflicts of unprecedented bitterness."

— The Unbound Prometheus

I believe the same will happen in the information revolution (aka the robotics, ai and decentralized finance revolution)

"For one thing, if mechanization opened new vistas of comfort and prosperity for all men, it also destroyed the livelihood of some and left others to vegetate in the backwaters of the stream of progress. Change is demonic; it creates, but it also destroys, and the victims of the Industrial Revolution were numbered in the hundreds of thousands or even millions. (On the other hand, many of these would have been even worse off without industrialization.) By the same token, the Industrial Revolution tended, especially in its earlier stages, to widen the gap between rich and poor and sharpen the cleavage between employer and employed, thereby opening the door to class conflicts of unprecedented bitterness."

— The Unbound Prometheus

I believe the same will happen in the information revolution (aka the robotics, ai and decentralized finance revolution)

 https://nook.social/content/5726b443-a8e1-4a5c-b7f1-4d400a94ebd2

Beauty matters - Wannabe Polymath. Interested in art, music, history, philosophy and faith.

Have realized that I have no idea what I’m doing - again!
https://www.musicto.com/andrew/

Yeah I definitely see the reappearance of "Carnegie‘s" and "Rockefeller‘s" now called Musk, Zuckerberg and Bezos, but I also see the opportunities and the potential of technology. Everyone has now the ability to start something, build an app, etc. even from a small village in Africa or in Eastern Europe.

Yep but this time round we don't have the equivalent of the Luddites - who far from being technophobes, were people fighting for the rights of workers and a more equitable distribution of the new wealth.  I'm with you - I expect no different this time round except to see the discrepancy between rich and poor to be even greater.

This of course typically signifies revolution - we shall see :-)