Brief

Tech billionaires and aspiring ones are drawn to "effective altruism" as a justification for accumulating wealth without regard for the harm caused to others. This mindset is described as solipsistic, stemming from a belief that other people are not fully real. The concept is linked to the broader trend of "enshittification" in technology. AI

Nobel laureate economist Joseph Stiglitz warns that AI could significantly exacerbate economic inequality. He argues that AI enables companies to reduce labor costs, concentrate profits among owners of technology, and shift transition risks to workers. Stiglitz criticizes the push for smaller government by tech leaders, stating it undermines the ability to manage AI's societal impact and support displaced workers. He suggests that without deliberate intervention, AI's gains will disproportionately benefit a small elite, mirroring past economic failures. AI