AI elites might hoard intelligence like mercantilists hoarded gold

The DecoderNovember 2, 2026en

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 might hoard intelligence like mercantilists hoarded gold appeared first on The Decoder .

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