I have to admit that I began reading Nexus with a bias – courtesy Harari’s earlier works. While I liked them when I first read them, further reading and critical takes reduced the good impression considerably.
So, while I really liked the first two chapters, I did find irony in him writing about information and truth after bring rebutted by experts on agricultural revolution and various other things he is not an expert on. And while I really like reading history, his meandering on Niall Ferguson mode in the first part of the book didn’t endear himself to me at all.
Just so we are clear, the scope of this book is only the US, the rest of the world will have to figure its own way to abundance, though we might learn a few tricks from this. Ezra Klein and Derek Thompson wonder why, for all its enormous wealth and technological capability, the US cannot address the fundamental human problems of hunger, homelessness, life-threatening diseases, and fuel an equitable world with clean energy.
Indeed, the introductory chapter ‘Beyond scarcity’ does imagine an utopian world really well. And it’s clear that it isn’t technology that is stopping us. Sigh.
As someone who has worked with founders in the startup space for over a decade and a half, the megalomania, the lack of empathy, and the moral bankruptcy in Careless People all seemed familiar. But Sarah Wynn-Williams’s first person account is about arguably the biggest phenomenon that has hit culture in the last decade and a half – social media, and specifically, the biggest player in it – Meta (then Facebook). She worked at Facebook from 2011 until her termination in 2017, the time when Facebook went from infancy to a full-blown global power base.
Co-founder of first DeepMind (the company behind a couple of massive leaps in AI – AlphaGo, AlphaFold, acquired by Google), then Inflection AI and now (before the book published, I think) CEO of Microsoft AI, I think there are few better people than Mustafa Suleyman to write about AI. And I suspect there will be few better moments than now. The Coming Wave was a book I was looking forward to reading, and it didn’t disappoint.
The book is divided into four sections. The first looks at the history of technology and how it spreads. The second gets into the detailing of the coming wave – two general purpose technologies – AI and synthetic biology, and associated technologies like robotics and quantum computing. This section also goes into the features and incentives that drive them. Part 3 takes a side step into the political implications of this on the nation state, the only institution that can temper the wave. The last section looks at what is the ‘containment problem’ – a wave of technology is near impossible to contain, history has ample proof, but can we still take a shot at it.
In the first section of The Coming Wave, Suleyman shows how technology has a clear, inevitable trajectory: mass diffusion in great rolling waves. New discoveries are used by people to make cheaper food, better goods, more efficient transport etc. As demand grows, competition increases, the technology becomes better and cheaper, and easier to use. From farming to the internet, history has enough examples. A big challenge is that the inventor has no way of knowing the nth order consequence (the ‘revenge effects’ of technology – fridge makers didn’t start out with the intent to punch a hole in the ozone later), and once a technology is out there, there is very little we can do to contain it. From fossil fuel emissions to opioid abuse to space junk, this is the story. The only partial exception is nuclear weapons.
There is a fascinating story in the beginning of the second section on DQN, an algorithm the DeepMind team created to play the game Breakout, and it discovered a strategy that most humans didn’t think of. The trailer for AlphaGo. The section also goes deep into synthetic biology and robotics. Apparently, one can buy a benchtop DNA synthesiser for $25k.
But this section is even more important because it brings out the four intrinsic features of this wave that compound the containment problem. One, it has a hugely asymmetric impact. Which this has happened before (cannon vs a large set of people) it has been scaled massively with the internet and now AI (a single algorithm can hold massive systems to ransom). Two, they are developing fast – hyper-evolution – providing very little time to react, let alone regulate ((look at cars vs the frequency of the versions of GPT). Third, they are omni-use (AI can be applied in multiple domains, and can come up with compounds for cure or as poison). And fourth, its degree of autonomy is beyond any previous technology.
Add to that the incentives and the containment problem just gets magnified. Geopolitics and the power involved, a global research system that has rituals rewarding open publication – curiosity and the pursuit of new ideas, financial gains, and the the most human one of all – ego.
The third section of The Coming Wave is on the impact of all this on the nation state. He calls out that technology is not value-neutral, and quotes Langdon Winner, “Technology in its various manifestations is a significant part of the human world. Its structures, processes and alterations enter into and become part of the structures, processes and alterations of human consciousness, society and politics.” From the printing press to weapons, tech has helped build the nation state. My favourite chapter in this is ‘Fragility Amplifiers’ – from robots with guns to lab leaks to 3d printing everything, even people with good intent can cause things to go wrong. “What does the social contract look like if a select group of ‘post humans’ engineer themselves to some unreachable intellectual or physical plane?”Add to it massive job displacement, and other social issues and the nation state faces challenges far beyond the standard issues of the day. The possibilities are a continuum from an extremely powerful nation state to completely decentralised groups of individuals.
In the last section, he looks at nine ways, working in cohesion to provide some sort of containment. Technical safety, audits, using choke points, maker responsibility to build in controls from the start, aligning business incentives with containment, helping governments build tech to regulate tech, international alliances for regulation and mitigation, a culture of sharing errors and learning from them, public input to make this all accountable. The tenth point he makes is that there is no silver bullet that will take us to any permanent solution. It is a narrow path which humanity must walk on. That probably is the biggest lesson.
I found The Coming Wave full of great insights and perspectives, and written in a way that makes it accessible to those outside tech. An important book for everyone to read since it’s a pragmatic look at what the future holds for the species. Part of my 2024 favourites list.
Notes 1. (Life + Intelligence) x Energy = Civilisation 2. Liverpool’s MP William Huskisson was killed under the wheels of the locomotive during the opening of the Liverpool – Manchester line, the first passenger railway because the crowd had no idea of the machine’s power! 4. How the stirrup changed everything. Fused the rider to the horse, and the ability to power through. It became a leading offense strategy, and changed Europe. Horses – church land for rearing- ties to the kingdom – feudalism. 3. Today, no matter how wealthy you are, you simply cannot buy a more powerful smartphone than is available to billions of people 4. Primum non nocere – “first, do no harm”. (Hippocratic Oath)
Carol Roth does a great job of using the title to shock the reader, but once you read the book, you might agree that it is justified. It was at the World Economic Forum that she first heard the prediction that in less than a decade, private ownership would be dead. The book is her research on “You will own nothing and be happy“.
She calls this a war where three kinds of forces – government and government-related forces, elite power-grabbers and bad actors, and Big Tech are colluding to ensure that they remain on top for the new financial order that will come up. Owning wealth and power.
She begins with how frontline forces who risked their lives during the pandemic were punished, their livelihoods taken away, for non-compliance with a vaccine mandate. Moving quickly from social acceptance to social credit. Judged by public approval than a court of law. In China, they have already gone quite deep into the Social Credit System, where you’re watched and rewarded (red list)/penalised (black list).
She uses the history of empires to show the cycles of rise and fall, and how war is usually a catalyst for change and a new financial order. The US began its ascent after WW2, and according to Roth (and data), we are now seeing a decline in the US financial system, which is likely to lead to a shift in power, and or economic and geopolitical chaos. And if we go by GoT, “Chaos is a ladder”.
She also discusses Peter Thiel’s framework of how good ideas cause bad outcomes through a believers (idea)- racketeers (ROI) – Useful Idiots (ROE, e for ego). Think of climate change and read it as genuine activists – ESG sellers – regular people pandering to their desire for validation and ego by sharing posts/emojis/slogans without really understanding the discourse.
The next chapters expand on the debasing of the dollar (some insightful charts on its decreasing purchasing power) and the huge concerns on turning it digital – CBDC (central bank digital currency) and how it can be used against the common person’s rights and freedoms. This allows a neat segue into Big Tech and how they have made us dependent, and infringed on our basic rights. Think of getting locked out of mail, social media, payments etc with no easy means of recourse. Most of us don’t really own anything digitally, it’s all on a company’s servers. They would serve as great allies of the government, possibly even overshadowing them with their technical superiority. Wars are almost more cyber than real, after all.
She then does a deep dive on the various power and money grab mechanisms already underway. ESG, (thanks BlackRock!) for instance, played a crucial role in tanking Sri Lanka’s economy. The increasingly unattainable home ownership in US thanks to corporations, who are helped by cheap capital enabled by the Fed, competing against the common man for real estate. And city administrations who are happy to go along with AirBnB because they pay taxes. Add to this billionaires like Gates and institutions like Harvard (enabled by endowments) buying up farmland, including things like water rights. Now think about it, why wouldn’t private investors start moving water to say, nearest cities, because they think it’s the most efficient use of water?
Another example is the crazy cost of education and the increasing lack of ROI, thereby creating a population that is always in debt. And guess who’s the one providing these loans – the government! And despite their ‘loan forgiveness’, ultimately it’s the taxpayer footing the bill! A transfer of money from the working class to the college-educated class.
The final chapter is on how the common man (in the US context) can fight back against all this. While the context is the US, the ideology of capitalism and the alliance of government-corporations-BigTech is a global phenomenon, soon coming to a country near you.
What was super insightful to me is the nuance of arguments. I had broadly supported the vaccine mandate, Biden, and was not fond of Joe Rogan, but I was forced to think deeply on all this. This is a fantastic read, and I absolutely recommend it.
Quotes “When a social moral code replaces a legal code and gains acceptance it is only a matter of time before those in power want to leverage that dynamic to secure more power for themselves” ‘We hang the petty thieves and appoint the great ones to public office’ ~ Aesop
