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Xi Jinping’s Ruthless March Toward “Common Prosperity”

Part II: The roots of Xi Jinping's "common prosperity" vision and why he's making changes to China's technology sector now

In my previous article we looked at the sweeping crackdown of China’s technology sector, beginning with Jack Ma and Ant Financial, and how this is part of Xi Jinping’s goal of “common prosperity.” While corruption and debt excesses needed to be reined in and people wanted better data privacy protections, Xi’s common prosperity initiative is also about concentrating power, redistributing wealth, and controlling the unpredictable market. In this article we’ll look at the roots of common prosperity and why analysts believe Xi is making these changes now. Appealing to the Working Class In his speech celebrating the hundredth anniversary of the founding of the Communist Party in China, Xi said that the Party will make “notable and substantive progress toward achieving well-rounded human…

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Great bundle of various colored cables with various connectors

No, Scientific American, Don’t Starve AI!

Don't unplug AI; just make sure everyone shares in both the creation and the benefits

While many are concerned about all the jobs that AI will eliminate, no one is talking about the fact that AI needs humans. Information is the fuel that powers AI, and only humans can create this information. So, the real revolution that AI will bring is not data exploitation, but the empowering of people all around the world to power our economy through creation of information. What’s bad news for authoritarian groups like the Chinese Communist party is good news for everyone else. 

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