I think the article is mixing together multiple things while at the same time having an underlying bedrock of truth. The system as it stands is not viable and people need to rebel at least in how they vote but I don't think AI is the real issue here.
The system is flawed for different reasons. Tolerance for high vertical integration and oligopolies have seriously damaged the efficiency of the market and limited people's ability to disrupt. Capital concentration has created a new form of aristocracy. They have successfully lobbied to significantly weaken the mechanisms supposed to spread this money, notably inheritance tax. The Supreme Court has significantly altered how democracy functions by lifting limits on fundings and given far too much power to the richest.
The last forty years have basically torn down all the foundations Tocqueville saw as fundamental to the success of the young USA. People should fight to get things back on track.
AI is mostly incidental in that. It doesn't matter if AI temporary concentrates some wealth if the mechanisms for it to then be spread again are in place.
The system is flawed for different reasons. Tolerance for high vertical integration and oligopolies have seriously damaged the efficiency of the market and limited people's ability to disrupt. Capital concentration has created a new form of aristocracy. They have successfully lobbied to significantly weaken the mechanisms supposed to spread this money, notably inheritance tax. The Supreme Court has significantly altered how democracy functions by lifting limits on fundings and given far too much power to the richest.
The last forty years have basically torn down all the foundations Tocqueville saw as fundamental to the success of the young USA. People should fight to get things back on track.
AI is mostly incidental in that. It doesn't matter if AI temporary concentrates some wealth if the mechanisms for it to then be spread again are in place.