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Suppose artificial intelligence (AI) tools continue to evolve, and more human decision tasks can be handled...

Suppose artificial intelligence (AI) tools continue to evolve, and more human decision tasks can be handled faster and more effectively by AI software. Which economic system (market socialism or planned socialism) would perform best under an AI-driven world? Please explain your response

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Answer #1

Centrally planned socialism is not good for Ai driven world world. As under planned socialism everything under control of government and thus market force of demand supply doesn't function well for AI driven world as market is create it's own demand and supply for AI .as well as market socialism good for research and development , investment in the sector of artificial intelligence which need higher investment, more freedom to innovation and reaserch, which is less possible in planned socialism.

It may be good step to regulated AI driven world in rational way by government as ethical concern , privacy breach ,right to dignity life may be affected ,but preference should be given market socialism in work culture daily functioning etc.

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