Credits

Nathan Gardels is the editor-in-chief of Noema Magazine. He is also the co-founder of and a senior adviser to the Berggruen Institute.

History has repeatedly demonstrated that societies with inclusive political and economic institutions thrive and sustain themselves, while extractive societies, where wealth and power are concentrated at the top, ultimately fragment and fail.

In the last Noema roundup, we focused on how the benefits of productivity growth and wealth creation fostered by AI can be spread widely through the idea of universal basic capital, where everyone, not just the top 10%, has a share in “owning the robots.” The aim is not just to constrain the concentration of wealth at the to…

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