Senator Bernie Sanders\u2019s proposal to give the public an ownership stake in America\u2019s top A.I. companies is quite alarming. He is not simply advocating a sovereign wealth fund that would help the public capture the benefits of A.I.-generated growth. Those funds normally take small stakes in many companies; Mr. Sanders wants the government to take a major stake in industry leaders, giving it both a share of profits and the power to dictate the company\u2019s behavior.<\/p>\n
Unlike the normal left-of-center policies Republicans misconstrue as socialism, government ownership of private enterprise is the textbook definition of it. And how do we know it will stop with A.I.? Mr. Sanders\u2019s claim that the government deserves a stake in companies \u201cbuilt on the collective knowledge\u201d could apply to any business that iterates on government-funded research or uses public infrastructure \u2014 which is ultimately almost all of them.<\/p>\n
The timing of the proposal is particularly perplexing. Donald Trump has already taken direct stakes in some 20 companies, including U.S. Steel and Intel, in return for favorable policy decisions. Do American leftists really want to suggest officially giving his proto-authoritarian regime control of our most influential businesses? It\u2019s a dangerous, half-baked proposal that no liberal should support.<\/p>\n<\/div>\n
The post Ritz in The New York Times: Liberals Must Oppose Nationalizing AI<\/a> appeared first on Progressive Policy Institute<\/a>.<\/p>\r\n
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Source link www.progressivepolicy.org<\/a>\r\n
Senator Bernie Sanders’s proposal for public ownership in leading A.I. companies is concerning. Unlike typical sovereign wealth funds that take minor stakes in various companies, Sanders seeks significant government stakes, allowing it both profit-sharing and influence over company actions. This represents a clear form of socialism, raising questions about its implications for other industries. The timing is questionable, especially given Donald Trump’s past actions of taking stakes in various companies for favorable policies. The proposal poses risks and could empower authoritarian governance, making it a perilous idea that should not be supported by liberals.","protected":false},"excerpt":{"rendered":"Senator Bernie Sanders\u2019s proposal to give the public an ownership stake in America\u2019s top A.I. companies is quite alarming. He is not simply advocating a sovereign wealth fund that would help the public capture the benefits of A.I.-generated growth. Those funds normally take small stakes in many companies; Mr. Sanders wants the government to take a major stake in industry…","protected":false},"author":44,"featured_media":2684,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_analytify_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/posts\/2683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/comments?post=2683"}],"version-history":[{"count":0,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/posts\/2683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/media\/2684"}],"wp:attachment":[{"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/media?parent=2683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/categories?post=2683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wokeantifa.org\/topics\/wp-json\/wp\/v2\/tags?post=2683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}