Short-Term Pessimism: The AI Story

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Short-Term Pessimism: The AI Story

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Every revolution breeds fear first. Keynes told how, during the Industrial Revolution, people saw “extraordinary economic pessimism” as they became convinced machines would cause despair rather than deliver change. Today we are in the same place with AI.

This episode juxtaposes Keynes’s 1930 reflections from Economic Possibilities for Our Grandchildren with modern reports on AI, unraveling why we so often overestimate the dangers of change and how history shows us that most fears are temporary.

📄 ⁠Keynes — Economic Possibilities for Our Grandchildren (1930) — PDF via Brian Weatherson's Blog

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