The Economic Singularity

  • by Calum Chace
  • Narrated by Joe Hempel
  • 7 hrs and 15 mins
  • Unabridged Audiobook

Publisher's Summary

Artificial intelligence (AI) is overtaking our human ability to absorb and process information. Robots are becoming increasingly dexterous, flexible, and safe to be around (except the military ones). AI is our most powerful technology, and you need to understand it.
This new book from best-selling author Calum Chace argues that within a few decades, most humans will not be able to work for money. Self-driving cars will probably be the canary in the coal mine, providing a wake-up call for everyone who isn't yet paying attention. All jobs will be affected, from fast food McJobs to lawyers and journalists. This is the single most important development facing humanity in the first half of the 21st century.
The fashionable belief that universal basic income is the solution is only partly correct. We are probably going to need an entirely new economic system, and we better start planning soon - for the economic singularity!
The outcome can be very good; a world in which machines do all the boring jobs and humans do pretty much what they please. But there are major risks, which we can only avoid by being alert to the possible futures and planning how to avoid the negative ones.


What the Critics Say

"Read The Economic Singularity if you want to think intelligently about the future." (Aubrey de Grey)


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Customer Reviews

Most Helpful

Artificial Intelligence

What’s the most interesting tidbit you’ve picked up from this book?

This piece of work was more focused than his previous work. This book was more practical and pointed then the other book; maybe it was because the discussed items directly impact me. It is more directed at economics and AI whereas the previous book was covering a broader set of material.

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- jey cee

What will happen when humans become obsolete?

Any additional comments?

"The arrival of machine intelligence is also the arrival of a different kind of automation which spells the end of paid work for many or most people." ---Calum Chace
A concise, mostly accessible introduction to this topic that occasionally veers into dry text, or jargon-laden vocabulary (I almost gave up while reading sections in Chapter 3, but I'm so glad I didn't!) A bleak, frightening look into a likely future that is on the horizon. What happens when automation becomes so sophisticated (and cheaper, faster, and better) that it eliminates or fundamentally changes most of the jobs normally reserved for humans? We're not talking about low-level, physically repetitive jobs (these have already become automated: manufacturing, agriculture, some banking transactions), but all jobs throughout our society: lawyers, accounting, architects, journalists, doctors and nurses, financial consultants, teachers, TV presenters, bankers, psychiatrists, political speechwriters, etc., etc. It is not a question of if, but when, this will happen, and how quickly. Can society adapt on this scale by inventing new jobs to replace all the ones that are lost to technology? (the author is somewhat pessimistic on this score) Will the 1% that owns the A.I. help in "sharing the wealth?" (have they ever?) Will our society become a small elite of of tech gods, with the rest of us labeled as useless dead weight, struggling to eke out an impoverished existence without jobs or salaries?
To be fair, the author goes out of his way to present both sides of this issue, from "don't worry; be happy. Humans are adaptable during times of changing technologies" to "The Robots are coming! The Robots are coming!" He sites experts who claim we will live in a utopia (no work!) to ones who see a dystopian future (no money!). He does not argue that these trends toward mass automation will not come to pass; he wonders how humanity will cope/won't cope with this transition----and when: now or when the crisis is upon us.
I received a free copy of this audiobook from AudiobookBoom in exchange for an unbiased review. No robots were directly involved in the writing of this review.

First they came for the fast food workers, and I did not speak out - because I was not a fast food worker;
Then they came for the teachers, and I did not speak out - because I was not a teacher;
Then they came for the accountants, and I did not speak out - because I was not an accountant;
Then they came for the doctors, and I did not speak out - because I was not a doctor;
Then they came for me - and there was no one left to speak out for me.

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- Kindle Customer

Book Details

  • Release Date: 07-27-2016
  • Publisher: Three Cs