In the media these days, Artificial Intelligence (henceforth AI) is making a comeback. Kevin Drum wrote a long piece for Mother Jones about what the rising power of intelligent programs might mean for the political economy of the United States: for jobs, capital-labor relations, and the welfare state. He worries that as computer programs become more intelligent day by day, they will be put to more and more uses by capital, thereby displacing white-collar labor. And while this may benefit both capital and labor in the long run, the transition could be long and difficult, especially for labor, and exacerbate the already-increasing inequality in the United States. (For more in the same vein, here’s Paul Krugman, Moshe Vardi, Noah Smith, and a non-bylined Economist piece.) (read more...)