Here are just some of the reasons why artificial intelligence cannot solve capitalists’ problems. While machines may do some work more efficiently than humans, AI cannot intervene in the capitalist contradictions between profits made on industrial capital, finance and military capital. These are sources of capitalist crisis. AI will increase the rate of unemployment. Finally, AI only “thinks” using formal logic. It cannot anticipate crisis and qualitatively change as dialectical thinking can.
Read Michael Roberts, Marxist economist in The Next Recession
