AI will change things for the better?
MMJ
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The World Bank is confident AI will change things for the better
The experience of workers in the gig economy tells us otherwise.
MMJ Comment
In a world where human welfare maximisation rules, yes!
In a world where profit maximisation rules, never!
World please wake up to Monetary Reform Norms!
Throw away old Economics Textbooks in the drain.
This is how the world works. Wake up and stop being duped.
The world is in a mess because the Banking and Monetary System limits the number of jobs created in the world and stunts working people's wages and salaries.
Add to it the stupid rule of Profit Maximisation AI is their endgame to destroy ordinary people.
Economics is a subject designed and controlled by the same people who controlled the banking and monetary system.
Money is needed to fund creation of jobs and economic output.
In the modern world 97% of money is created by banks when they give loans.
This is confirmed by Bank of England, Central Bank Europe, and even the Federal Reserve.
If they focus the loans on real economy that is fine.
NO THEY FOCUS ON PERSONAL LOANS AND PERSONAL SECTOR.
In Malaysia ratio of personal sector to real sector is 70:30 creating unending inflation in the process. World is 80:20.
Of the 30% to real sector only 16% to SME Sector that creates 70% of jobs. In the world only 7% goes to SME Sector.
So every where in the world we have youth and graduates unemployment.
260 million youths unemployed in the world.
When jobs are scarce wages and salaries are stunted by employers!
Add to that AI and stupid people who still do not realise their Education System is controlled by the same people who controlled the Monetary System they continue to slaughter the ordinary people with AI.
Islam promotes Human Welfare Maximisation system in place of Profit Maximisation system.
But the Academicians will not promote it because it goes against what they said in their Economics PhDs.
The people that control the international monetary system controls and influence the Central Banks of the world.
The politicians dumbed down by the Education system fears their Central Bank.
The people have not realised or understood what is going on.
Monetary Reform groups in Malaysia and rest of the world try hard.
But its difficult when people do not see, it is also very much, THEIR FIGHT!
Reference: AI Has a Labor Problem
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Dikemaskini [Updated]: Sam Ahmad 20261025