Every new technology faces opposition from those who believe it will harm them. The Luddites are the most famous example. Artificial intelligence (AI) is the most recent. But long before them came an odd craze over a mechanical duck…
It may have walked like a duck, talked like a duck and even defecated like a duck, but in the end it was just a wind up machine designed to entertain French aristocrats… and still, it caused furore over how it would change society.
Two hundred years later, we are still waiting for the fears expressed over mechanical ducks to emerge…
In this video, my old friend Boaz Shoshan argues that our fears over AI are similarly unfounded and misguided. And we’re once again missing the real story about how technology really could change our lives.
Unfortunately, this time, that technological change is encountering something altogether new. The ability of governments to implement policies that really could change the nature of technology is far greater than it was in the 18th century. The modern Luddites might actually succeed in their campaign to oppose technological progress.
And that really would be a radical change not achieved since Japan’s Sakoku period of isolationism. And it won’t be good…
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But AI is not the only thing you should be worrying about today. Just as our overreaction to AI is the key risk it poses, so too your financial future. Making mistakes by overreacting to threats and opportunities can throw your risk management out of whack. It can maximise losses and minimise gains.
To help you manage your active capital and potentially improve its returns without upending risk tolerance, we’ve put together a plan on how to manage your investments – which we’ll reveal on Friday. Keep an eye on your inbox for more information.
And if you’d like to hear from Nigel Farage and other guests more often and more conveniently, why not sign up to the Fortune & Freedom podcast on Apple Podcasts, Spotify, Amazon Music or Google Podcasts?
Editor, Fortune & Freedom