{"id":949156,"date":"2025-07-23T11:45:04","date_gmt":"2025-07-23T06:15:04","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=949156"},"modified":"2025-07-23T11:45:04","modified_gmt":"2025-07-23T06:15:04","slug":"ai-cant-replace-free-markets","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/23\/ai-cant-replace-free-markets\/","title":{"rendered":"AI Can\u2019t Replace Free Markets"},"content":{"rendered":"<p>Imagine artificial intelligence controlling the economy. That\u2019s the future envisioned in three recent manifestos. Law professor Ted Parson introduces \u201cMax,\u201d an AI that overlays markets with Pigouvian price tweaks\u2014taxes here, subsidies there\u2014until every externality is neutralized. Computer scientist Spyridon Samothrakis proposes a mesh of data hubs and reinforcement-learning schedulers to guide economic coordination, resource allocation, and production. And economist Leo Schlichter argues that an AI system could reduce output, respect ecological limits, and meet human needs through participatory dashboards and feedback loops. Their pitch is straightforward: AI can help to replace the function of prices and the free market that generates them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Imagine artificial intelligence controlling the economy. That\u2019s the future envisioned in three recent manifestos. Law professor Ted Parson introduces \u201cMax,\u201d an AI that overlays markets with Pigouvian price tweaks\u2014taxes here, subsidies there\u2014until every externality is neutralized. Computer scientist Spyridon Samothrakis proposes a mesh of data hubs and reinforcement-learning schedulers to guide economic coordination, resource allocation, and production. And economist Leo Schlichter argues that an AI system could reduce output, respect ecological limits, and meet human needs through participatory dashboards and feedback loops. Their pitch is straightforward: AI can help to replace the function of prices and the free market that [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15,51,4],"tags":[],"class_list":["post-949156","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-it-2-hindustantimes","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/949156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=949156"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/949156\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=949156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=949156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=949156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}