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AI elites might hoard intelligence like mercantilists hoarded gold

Technology · en

AI elites might hoard intelligence like mercantilists hoarded gold

The Decoder · Nov 2, 2026, 7:43 PM UTC

Engineer Venkatesh Rao compares the fear of AI job losses to mercantilism: intelligence is treated as a scarce resource that elites want to control. But AI could boost demand for human thinking, much like early capitalism made people voluntarily work more.…