The Intelligence Curse - Luke Drago
lukedrago.substack.com · 5,673 words · saved by 1 readers
With AGI, powerful actors will lose their incentives to invest in people.
“Show me the incentive, and I’ll show you the outcome.” – Charlie Munger Economists are used to modeling AI as an important tool, so they don’t get how it could make people irrelevant. Past technological revolutions have driven human potential further. The agrarian revolution birthed civilizations; the industrial revolution let us scale them. But AGI looks a lot more like coal or oil than the plow, steam engine, or computer. Like those resources: It will require immensely wealthy actors to discover and harness. Control will be concentrated in the hands of a few players, mainly the labs…
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