AI elites might hoard intelligence like mercantilists hoarded gold
The Decoder ·
Summary: Engineer Venkatesh Rao compares the fear of AI job losses to mercantilism: intelligence is treated as a scarce resource that elites want to control. But AI could boost demand for human thinking, much like early capitalism made people voluntarily work more. The article AI elites m
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Who reported “AI elites might hoard intelligence like mercantilists hoarded gold”?
The Decoder, on 3 Nov 2026. The full article is at the source link on this page.