Wednesday, August 12, 2026

Market Incentives

It's easy to conflate technology problems with capitalism problems. Back in 2021, science-fiction writer and AI commentator Ted Chiang said that "most fears about AI are best understood as fears about capitalism."  It's not the tech per se; it's who controls it and how it could be used against us.

Imagine an AI assistant for a doctor.  We can imagine it affecting the profession in one of two ways.  The AI could give a doctor more time to do the human parts of their job: to spend more time with their patients, to listen more closely to their needs, to explain things more fully.  Or the managers of the medical practice could give that doctor five times the patients -- and fire the other four.  Which way it would go is not a question of technology.  It's a question of market incentives.

-- Nathan Sanders & Bruce Schneier, "Separating AI's Technological Problems From its Capitalism Problems" at TechPolicy.press (11 August 2026)

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