The West faces a series of serious economic challenges: a demographic collapse that undermines growth; a welfare state that sucks money from the future and dispenses it in the present; a regulatory structure that focuses more on redistributionism and top-down control than on innovation. But, we are told, there is one enormous hope for the future of the global economy: artificial intelligence. AI will skyrocket economic productivity; it will provide us both information and innovation; it will solve insoluble problems and shrink timeframes to the infinitesimal. Marc Andreessen, investor extraordinaire, sums up the vision: “We believe we are poised for an intelligence takeoff that will expand our capabilities to unimagined heights. We believe Artificial Intelligence is our alchemy, our Philos

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