Show Notes
Phil Trammell is an economics postdoc at Stanford University's Digital Economy Lab, working on questions related to economic growth and AI. He discusses:
Why Piketty's thesis about runaway inequality was likely wrong about the past but right about the future
How full automation turns capital and labour into gross substitutes
Why catch-up growth between rich and poor countries could end
How the privatisation of returns is already concentrating wealth
Why family dynasties and inheritance become far more important in a post-automation economy
Whether autocratic regimes can outgrow democracies after AGI
How to measure whether capital is becoming truly self-replicating — and what the data currently shows
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Read a full transcript here.
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