I see the narrative being developed:



- direct the 'form of technological change'

- do everything to ensure no one is left behind

- more interventions and regulations to ensure good and fair outcomes



I think Lord Skidelsky has made suggestions in a similar vein, from a different stance, so clearly a narrative is beginning to 'brew' in some economic circles: a de-facto slowdown (not explicitly asked for here, but implicit throughout the piece), so huge numbers who have no chance of navigating lethally fast technological and societal change without getting hurt, can have a chance to adapt.

The sentiment is great, I don't dispute that at all. And I don't doubt the Chinese will make a very determined attempt to implement something along these lines, becoming ever more draconian as tech advances fly off in all directions while they try to maintain control. But I see zero chance of any of this panning out as planned for anyone. It is nothing to do with capitalism or socialism or crony communism. It is to do with the nature of Tech, the trajectory which is essentially beyond human agency. The first problem is, your legislative systems are well behind the curve and slow. They would need to go as fast as the speed of tech driven change. And at that point, you are merely reacting. And you have to keep speeding up to keep up as tech change accelerates. As an aside, it all kinda points to legislation eventually becoming automated to keep up, but you have kinda lost control at that point. Tech doesn't promote a diverse ecosystem of large numbers of different entities in balance, it's outcomes are very 'binary' (haha), and a small number of winners climb to the stars while the rest quickly fall by the wayside or are subsumed. Tech developments will go in directions that cannot be controlled. Attempt control and you are at instant risk of others who are not self-suppressing, overtaking you. Which nation (apart from Belgium) would allow that?



There is much more to say, but this post is already too long, so enough, already.