You reminded me of something. I heard in the Czech Republic when communism ended, the state owned industries became owned by the public. Every citizen received a share.
I wonder if we're going to need something similar when AI nukes the economy.
I wonder if we're going to need something similar when AI nukes the economy.
https://m.youtube.com/watch?v=cdrSiIoWm7U&pp=ygUMZ2RyIHRyZXV...
Hodorkovsky became oligarch, because he represented Western investors in very profitable oil industry, that is basically what Russia was able to offer to the world, as most of factories from Soviet times were not usable in market economy - nobody wanted what they produced. That is the reason why many people were having hardships in 1990ies, because they had no job and no money to exist. Only in times of Putin Russia had influx of foreign money from oil and gas, which was redistributed to other people as well. But everything is fleeting in Russia.
Of course, how this unfolded varied. For example, unlike the chaotic Russian privatization that created a class of oligarchs, the transition in places like Poland favored a network of well-placed insiders, a highly structured network of intelligence officers (military, civilian), state managers, and flexible communist party elites, who - by controlling information, intelligence networks, and the liquidation apparatus - effectively laundered their authoritarian political privileges into financial dominance.
Funny story: I once got arrested at Checkpoint Charlie :)
I'm always surprised that the topography of terror exhibition in Berlin misses this part of the German history. Nazi's and communists are presented, but the robber barons who bought all the real estate don't get a presentation.