The roots of the present discontent

Terracotta Army, Xi’an

Two years ago, Mark Carney, the then governor of the Bank of England warned that pervasive automation and AI are responsible for the current wage stagnation that is like that of the 19th century, which gave birth to communism.

“If you substitute platforms for textile mills, machine learning for steam engines, Twitter for the telegraph, you have exactly the same dynamics as existed 150 years ago when…