Elon Musk and the Myth of the Free Market

When SpaceX’s share price fell last week, Elon Musk lost another vast slice of his fortune. That hardly qualifies as a national tragedy. But it is a reminder that one of the richest men in history owes much of his wealth to a company routinely presented as the ultimate triumph of private enterprise. The reality … Read more

Is AI Getting Stupider?

People worry that AI is getting smarter. Genius science curmudgeon Richard Dawkins recently declared that AI was conscious — or at least conscious without knowing it. The singularity is apparently coming. People are already forming emotional bonds with chatbots, in some cases even falling in love. But that’s not my experience. I’m angry about the … Read more

AI and Bounded Rationality

AI discogs

This month I decided to fill a few gaps in my record collection. I already own nearly complete sets of singles by The Jam, Dexys, The Undertones, The Who, Small Faces, The Kinks, and a few others. Just a few dozen records, each costing £2–£3, would be enough to complete the sets. The most expensive … Read more