SCSP President and CEO Ylli Bajraktari joins host Jeanne Meserve for a conversation on SCSP's new report "Vision for Competitiveness: Mid-Decade Opportunities for Strategic Victory."
17:09: "The institutions we have are inherited from the Cold War. We already live in an AI era. So these institutions need to be updated, upgraded, so they're able to handle the set of policies they need to handle now in the AI era. And so modernizing the set of institutions and how they build policies going
forward will be critical in building this endless frontier foundation."
Not only our institutions are outdated, but many of the models and assumptions about the way society is organized are outdated. We allow a section of the society to organize themselves are producers and providers and allow them to sell at prices that the market can bear that is unrelated to the cost of production. This is done because the government collects taxes at the selling price and we expect/assume that the majority of the rest of the society gets employed.
When every business uses the accounting equation which casts the cost of labor as a liability, the best value for that term is zero. AI is at the brink of achieving zero cost of labor. It is a question of when not if.
This is just one example where assumptions and models are outdated.
Good discussion, particularly WRT understanding that there are foreign/transnational entities (axis of disruptors) who don't seek to necessarily compete and defeat us, but simply work at keeping us from winning.
17:09: "The institutions we have are inherited from the Cold War. We already live in an AI era. So these institutions need to be updated, upgraded, so they're able to handle the set of policies they need to handle now in the AI era. And so modernizing the set of institutions and how they build policies going
forward will be critical in building this endless frontier foundation."
Not only our institutions are outdated, but many of the models and assumptions about the way society is organized are outdated. We allow a section of the society to organize themselves are producers and providers and allow them to sell at prices that the market can bear that is unrelated to the cost of production. This is done because the government collects taxes at the selling price and we expect/assume that the majority of the rest of the society gets employed.
When every business uses the accounting equation which casts the cost of labor as a liability, the best value for that term is zero. AI is at the brink of achieving zero cost of labor. It is a question of when not if.
This is just one example where assumptions and models are outdated.
For a longer discussion, please see https://www.linkedin.com/pulse/king-george-avatar-2-beddhu-murali. In that article replace the teen with a foreign government. The national security implications are clear.
Good discussion, particularly WRT understanding that there are foreign/transnational entities (axis of disruptors) who don't seek to necessarily compete and defeat us, but simply work at keeping us from winning.