{"product_id":"105342","title":"Power and Progress ","description":"\u003ccenter\u003e\u003cdiv style=\"text-align:center\"\u003e\u003cimg src=\"https:\/\/tmgdisk01.cafe24.com\/images\/vs\/4172\/sv\/WQtVZOgSi8090F8MEo9G7Q.png?v=1764959078\" style=\"max-width:100%;max-height:10px\"\u003e\u003c\/div\u003e\u003c\/center\u003e\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\u003ccenter\u003e\n\n\u003cdiv style=\"width:95%\"\u003e\n\n\u003cdiv style=\"text-align:center;font-size:30px;font-weight:bolder;line-height:1.6em\"\u003e Power and Progress \u003c\/div\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cdiv style=\"border-bottom:1px;border-bottom-style:dotted;border-color:;padding-bottom:20px\"\u003e\u003ccenter\u003e\u003ctable align=\"center\" width=\"100%\"\u003e\u003ctbody style=\"border:0px\"\u003e\n\n\u003ctr\u003e\u003ctd align=\"center\" style=\"line-height:1.2em;text-align:center;font-size:18px;color:black;font-weight:bold;padding-bottom:20px;\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\n\n\u003ctr\u003e\u003ctd style=\"text-align:center\"\u003e\u003cimg src=\"https:\/\/image.yes24.com\/goods\/119809159\/XL\" style=\"max-width:100%;height:auto\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\n\n\n\u003c\/tbody\u003e\u003c\/table\u003e\u003c\/center\u003e\u003c\/div\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cdiv style=\"width:95%;{split_style6}padding-top:20px;padding-bottom:20px\"\u003e\n\n\u003cdiv style=\"text-align:left;font-size:16px;font-weight:bold;padding-bottom:20px\"\u003e Description \u003c\/div\u003e\n\n\u003cdiv style=\"text-align:left;word-break:break-all;font-size:14px;line-height:1.6em;\"\u003e\n\n\u003cdiv\u003e\u003ch5\u003e \u003cb\u003eBook Introduction\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\u003cdl\u003e\n\u003cdt\u003e A word from MD\u003c\/dt\u003e\n\u003cdd\u003e\n\u003cdiv\u003e Has your life gotten a little better?\u003c\/div\u003e\n\u003cdiv\u003e We live in an era where we move, connect, create, and buy what we want faster than ever before.\u003cbr\u003e The pace of technological advancement, including robotics and artificial intelligence, is astonishing.\u003cbr\u003e Yet, we still live with worries about our livelihood.\u003cbr\u003e Why? Because the benefits of technological advancement are concentrated in the hands of a few.\u003cbr\u003e What is needed for prosperity is politics.\u003cbr\u003e\n\n\u003c\/div\u003e\n\u003cdiv\u003e \u003cspan\u003eJuly 7, 2023.\u003c\/span\u003e \u003cspan\u003eSocial and Political PD Son Min-gyu\u003c\/span\u003e\n\u003c\/div\u003e\n\u003c\/dd\u003e\n\u003c\/dl\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cdiv\u003e \u003cb\u003eWhy Nations Fail: A New Book by Daren Acemoglu\u003cbr\u003e A masterpiece that overturns the conventional wisdom that 'technological advancement = progress'!\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e Daren Acemoglu, the acclaimed author of Why Nations Fail, has published his latest book, Power and Progress. \u003cbr\u003eRegarded as one of the greatest economists of our time, Acemoglu is the recipient of the John Bates Clark Medal, often called the Nobel Prize in the making. For the past 25 years, he has been researching the historical origins of prosperity and poverty and the impact of new technologies on economic growth, employment, and inequality.\u003cbr\u003e In Power and Progress, authors Darren Acemoglu and Simon Johnson draw on extensive research spanning past and present to present a compelling and concise argument for how political and social power \"chooses\" the direction of technological development and how technology can evolve to benefit everyone. \u003cbr\u003eIn the book, the authors challenge the vision set by the dominant class (the powerful and the elite) and argue that the power base of society must be restructured to ensure that everyone shares in the abundance brought about by technological advancements.\u003cbr\u003e Technological advancements don't solve everything.\u003cbr\u003e How we use it will determine how our 'brave new world' unfolds.\u003cbr\u003e\n\n\u003c\/div\u003e\u003c\/div\u003e\n\u003cdiv\u003e\u003cul\u003e\u003cli\u003e You can preview some of the book's contents.\u003cbr\u003e \u003cspan\u003ePreview\u003c\/span\u003e\n\n\u003c\/li\u003e\u003c\/ul\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbr\u003e\u003cdiv\u003e\u003ch5\u003e \u003cb\u003eindex\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e Prologue: What is Progress?\u003cbr\u003e\u003cbr\u003e Chapter 1 Control over Technology\u003cbr\u003e Chapter 2: The Vision of the Canal\u003cbr\u003e Chapter 3: The Power of Persuasion\u003cbr\u003e Chapter 4: The Cultivation of Misery\u003cbr\u003e Chapter 5: Moderate Revolution\u003cbr\u003e Chapter 6: Victims of Progress\u003cbr\u003e Chapter 7: A Path Filled with Struggle\u003cbr\u003e Chapter 8 Digital Damage\u003cbr\u003e Chapter 9: Artificial Struggle\u003cbr\u003e Chapter 10: Democracy Collapses\u003cbr\u003e Chapter 11: Resetting the Path of Technology\u003cbr\u003e\u003cbr\u003e Acknowledgements\u003cbr\u003e About sources and references\u003cbr\u003e References\u003cbr\u003e Photo source\u003cbr\u003e Search\u003c\/div\u003e\n\u003cdiv\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbr\u003e\u003cdiv\u003e  \u003ch5\u003e\n\u003cb\u003eDetailed image\u003c\/b\u003e \u003c\/h5\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003cdiv\u003e\u003cimg src=\"https:\/\/image.yes24.com\/momo\/TopCate4226\/MidCate001\/422503584(2).jpg\" border=\"0\" alt=\"Detailed Image 1\"\u003e\u003c\/div\u003e\u003c\/div\u003e\n\u003cbr\u003e\u003cdiv\u003e\u003ch5\u003e \u003cb\u003eInto the book\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e All of this points to one of the most important things to note about technology.\u003cbr\u003e It's a choice.\u003cbr\u003e There are countless ways to use our collective knowledge to improve productivity, and even more ways to direct innovation.\u003cbr\u003e Will digital tools be used for surveillance? Automation? Or will they empower workers by creating new tasks? In what direction will our efforts guide future progress?\u003cbr\u003e\u003cbr\u003e We should not be too fooled by the monumental technological advances that humanity has achieved.\u003cbr\u003e A shared vision can trap us.\u003cbr\u003e Companies invest in areas that management believes will maximize profits. \u003cbr\u003eFor example, if a company decides to purchase a new computer, it must mean that it believes that the increased sales it will generate will more than offset the cost of purchasing the computer.\u003cbr\u003e But in a world where shared vision drives action, things don't always work out that way.\u003cbr\u003e If everyone believes AI is absolutely necessary, companies will likely invest in it even if there are other ways to organize production more profitably.\u003cbr\u003e Likewise, if most researchers are focused on developing a particular type of machine intelligence, other researchers will likely follow suit, sometimes faithfully, or even blindly.\u003cbr\u003e\u003cbr\u003e ---From \"Chapter 1 Control over Technology\"\u003cbr\u003e\u003cbr\u003e Lesseps had charisma, a business acumen, and ambition.\u003cbr\u003e He also had connections with the French power elite and at times even received support from Egyptian authorities. \u003cbr\u003eMoreover, his previous successes fascinated many of his contemporaries.\u003cbr\u003e More importantly, Lesseps preached a 19th-century version of techno-optimism, believing that massive public infrastructure investment and technological progress would benefit everyone, not just Europe but the world.\u003cbr\u003e This vision was what brought the French public and decision-makers in France and Egypt together with him.\u003cbr\u003e Without this visionary role, Lesseps would not have had the will to undertake the project, which would stretch some 190 kilometers across the Egyptian desert, and even less would he have had the will to do so when things began to go wrong.\u003cbr\u003e Technology without vision is nothing.\u003cbr\u003e\u003cbr\u003e ---From \"Chapter 2: The Vision of the Canal\"\u003cbr\u003e\u003cbr\u003e The general characteristics of social power are particularly central to the vision of technology. \u003cbr\u003eIf you have a compelling and compelling narrative about how to enhance humanity's dominion over nature, you can set aside others, those who disagree with that view and those who suffer from it.\u003cbr\u003e At best, lip service is paid to their suffering.\u003cbr\u003e These problems are amplified when vision leads to overconfidence.\u003cbr\u003e Now, anyone who stands in the way of that vision, or who suggests there might be another path, is considered unimportant, outdated, or holds wrong views, and therefore deserves to be ignored and crushed.\u003cbr\u003e Vision rationalizes everything.\u003cbr\u003e\u003cbr\u003e ---From \"Chapter 3: The Power of Persuasion\"\u003cbr\u003e\u003cbr\u003e Technological innovation and change have always been present, and decisions about what should be achieved and by whom have always been made by those in power. \u003cbr\u003eOver the past 12,000 years, agricultural technology has continued to develop, sometimes dramatically.\u003cbr\u003e There were times when even ordinary people benefited from rising productivity.\u003cbr\u003e But the benefits flowing to a wider audience was not at all automatic.\u003cbr\u003e “Broadly shared gains” could only emerge when the landed and religious elites were not powerful enough to extract all the surplus brought about by new technologies while imposing their own vision.\u003cbr\u003e\u003cbr\u003e ---From \"Chapter 4: The Cultivation of Misery\"\u003cbr\u003e\u003cbr\u003e Pure automation is different.\u003cbr\u003e Because it does not increase the contribution of workers to output, it does not create a need to hire additional labor.\u003cbr\u003e Because of this, automation has more pronounced consequences for income distribution. \u003cbr\u003eThis creates a large number of winners (such as the owners of the machines) and a large number of losers (such as people who are pushed out of their jobs).\u003cbr\u003e So, in places where automation is rampant, the productivity bandwagon is weaker.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e What is even more painful is that in most European colonies, conditions have not improved, but rather worsened considerably.\u003cbr\u003e Countries like India were seriously pushed down the path of deindustrialization by the influx of British textiles.\u003cbr\u003e Countries like India and parts of Africa have become sources of natural resources that feed the ferocious appetites of the rapidly growing European industrial sector.\u003cbr\u003e In places like the American South, the worst forms of oppressive labor were further intensified in the form of slavery, and vicious discrimination against natives and immigrants was intensified.\u003cbr\u003e All of this happened in the name of progress.\u003cbr\u003e ---Chapter 6: Victims of Progress\u003cbr\u003e \u003cbr\u003eThe rapid growth of large corporations has far-reaching implications.\u003cbr\u003e Many economists now worry that giant corporations wield even greater market power, using that power to stifle innovation from competitors and enrich their own managers and shareholders.\u003cbr\u003e Giant monopolies are often bad for consumers, too.\u003cbr\u003e Because it distorts prices and innovation.\u003cbr\u003e Giant monopolies also create problems for the productivity bandwagon.\u003cbr\u003e Because there is less competition to attract workers.\u003cbr\u003e They powerfully amplify inequality at the top by making already wealthy shareholders even richer.\u003cbr\u003e Sometimes, large corporations can share profits with workers, boosting their incomes, but another aspect of institutional change over the past few decades has made this more difficult.\u003cbr\u003e It is the decline of workers' power.\u003cbr\u003e\u003cbr\u003e ---From \"Chapter 8 Digital Damage\"\u003cbr\u003e \u003cbr\u003eEven as new technologies displace humans and collect massive amounts of data, they can also increase productivity, increasing demand for labor and boosting workers' incomes.\u003cbr\u003e But the gains for workers can only occur if new technologies significantly increase productivity.\u003cbr\u003e There is a serious problem right here today.\u003cbr\u003e This is because, so far, AI has only brought about a lot of “just automation,” that is, automation that doesn’t bring much productivity gains.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e When we interpret history, whether distant or recent, we often commit the deterministic error.\u003cbr\u003e I think that what happened happened because it had to happen.\u003cbr\u003e But often this is not an accurate interpretation.\u003cbr\u003e There are many paths history could have taken. \u003cbr\u003eThe history of technology is no different. Today's dominant approach, defining the third wave of AI, focuses on massive data collection and relentless automation—a result of choice, not necessity.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e It doesn't have to be like this all the time.\u003cbr\u003e Digital technologies don't necessarily have to be used for automation, AI technologies don't necessarily have to indiscriminately reinforce the same trends, and the tech community doesn't necessarily have to be dazzled by machine intelligence without striving for machine usefulness.\u003cbr\u003e Nothing in the path of technology is predetermined, and nothing about the dual-class society that the ruling class is creating today is inevitable.\u003cbr\u003e\u003cbr\u003e ---From \"Chapter 9: Artificial Struggle\"\u003cbr\u003e\u003cbr\u003e Unfortunately, online democracy doesn't fit with the business models and AI fantasies of major tech companies. \u003cbr\u003eIn fact, online democracy stands in contrast to the technocratic approach, which sees most important decisions as too complex for ordinary people to make.\u003cbr\u003e The atmosphere at most tech companies is one of geniuses working hard for the public good.\u003cbr\u003e It is natural that they become the ones making important decisions.\u003cbr\u003e In this approach, public political discourse is not something to be encouraged or protected, but something to be exploited and profited from.\u003cbr\u003e\n\n\u003c\/div\u003e\n\u003cdiv\u003e ---From \"Chapter 10 Democracy, Collapse\"\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cbr\u003e\u003cdiv\u003e\u003ch5\u003e \u003cb\u003ePublisher's Review\u003c\/b\u003e\n\u003c\/h5\u003e\u003c\/div\u003e\n\u003cdiv\u003e\n\u003cdiv\u003e \u003cb\u003e★★★★★\u003cbr\u003e A must-read for anyone concerned about the fate of democracy.\u003cbr\u003e - Michael Sandel (author of Justice: What's the Right Thing to Do?)\u003cbr\u003e\u003cbr\u003e ★★★★★\u003c\/b\u003e \u003cbr\u003e“In an age of seemingly unstoppable trends of relentless automation and concentrated wealth and power, this book reminds us that we can and must reclaim control.”\u003cbr\u003e - Abhijit Banerjee and Esther Duflo (2019 Nobel Prize in Economics, authors of Good Economics for Hard Times)\u003cbr\u003e\u003cbr\u003e ★★★★★\u003cbr\u003e \"Do powerful new technologies naturally benefit us all? Did the Industrial Revolution bring happiness to our ancestors 150 years ago? Will artificial intelligence bring us even greater happiness today?\"\u003cbr\u003e - Jared Diamond (Pulitzer Prize-winning author of Guns, Germs, and Steel)\u003cbr\u003e\u003cbr\u003e ★★★★★\u003cbr\u003e This is an important book that should have come out sooner.\u003cbr\u003e - Angus Deaton, 2015 Nobel Prize in Economics\u003cbr\u003e\u003cbr\u003e ★★★★★\u003cbr\u003e History clearly shows that technological progress does not automatically lead to greater prosperity. \u003cbr\u003eAdvances in technologies like artificial intelligence could result in benefits only for a privileged few.\u003cbr\u003e - Niall Ferguson, Senior Fellow, Hoover Institution, Stanford University\u003cbr\u003e\u003cbr\u003e Does technological advancement equal progress?\u003cbr\u003e A bold reinterpretation of economics and history that challenges conventional wisdom.\u003cbr\u003e\u003cbr\u003e Daren Acemoglu, the acclaimed author of Why Nations Fail, has published his latest book, Power and Progress.\u003cbr\u003e Regarded as one of the greatest economists of our time, Acemoglu is the recipient of the John Bates Clark Medal, often called the Nobel Prize in the making. For the past 25 years, he has been researching the historical origins of prosperity and poverty and the impact of new technologies on economic growth, employment, and inequality. \u003cbr\u003eIn Power and Progress, authors Acemoglu and Johnson draw on extensive research spanning the past and present to present a compelling and concise argument for how political and social power \"chooses\" the direction of technological development and how technology can evolve to benefit everyone.\u003cbr\u003e In the book, the authors challenge the vision set by the dominant class (the powerful and the elite) and argue that the power base of society must be restructured to ensure that everyone shares in the abundance brought about by technological advancements.\u003cbr\u003e\u003cbr\u003e Conventional economic wisdom has been that as technology advances, everyone's standard of living will improve. \u003cbr\u003eAdam Smith, who is called the father of modern economics, believed that 'the introduction of better machinery almost automatically leads to higher wages for workers,' and Edmund Burke, a British philosopher and politician who is considered the first modern conservative, also said that 'the laws of commerce are the laws of nature and the laws of God.'\u003cbr\u003e For a long time, most economists have assumed that technological progress directly increases the productivity of capital, labor, or both.\u003cbr\u003e\u003cbr\u003e Of course, many people knew that while technological advancement brings benefits, it also inevitably brings some ill effects. \u003cbr\u003eBut those blinded by 'techno-optimism' believe that \"humanity is wise enough to control its own knowledge, and if there is a social cost to achieving amazing innovations, the solution lies in inventing even more useful ones (p. 25).\"\u003cbr\u003e We firmly believe that if we prioritize investing in and pushing forward with developments that will be valuable in the future, the resulting \"minor\" and \"secondary\" problems will be solved by future science and technology.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e However, the direction of technological development is determined by a small number of elites and powerful people, and the wealth that comes from progress fills their pockets.\u003cbr\u003e They have always set their vision in a direction that benefits them, and to realize that vision, they have pushed back and sacrificed countless people in the name of the common good. \u003cbr\u003eThe reason this was possible was because they had the 'power' to persuade the majority of people to go in the direction they wanted.\u003cbr\u003e Such things often happened openly, and even if the vision later turned out to be horribly flawed, such failures did not remove those in power.\u003cbr\u003e In this book, the authors challenge deeply held beliefs, demonstrating that the prosperity brought about by technological progress is anything but automatic, and offering bold insights into how we can \"choose\" the path of our inexorable technological progress to benefit all.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e \u003cb\u003eAdvances in AI won't automatically bring a golden future to everyone.\u003cbr\u003e The illusion of \"progress\" is blinding your eyes and ears.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e Before it's too late, we need to ask ourselves who technological advancements are ultimately for. \u003cbr\u003eIn November 2022, OpenAI quietly released ChatGPT to the world.\u003cbr\u003e ChatGPT, which was not expected to receive much attention as it was considered a 'research preview', is making unprecedented history.\u003cbr\u003e After its launch, it gained tremendous momentum through word of mouth, and within six months, 900 million people, or 11 percent of the world's population, were using ChatGPT.\u003cbr\u003e Goldman Sachs predicted that chatbots could boost productivity and increase global GDP by about $7 trillion, while also analyzing that AI automation could lead to the loss of 300 million jobs.\u003cbr\u003e So, will ChatGPT and AI bring prosperity to all of us?\u003cbr\u003e\u003cbr\u003e When social media first emerged, it was initially expected to have a beneficial impact on democracy by serving as an open forum for citizens to expose corruption and violence and create a forum for wise political discourse. \u003cbr\u003eBut now it has become a hotbed of disinformation and extremist hate speech.\u003cbr\u003e Facebook has not taken responsibility for the harmful content that is indiscriminately uploaded to its platform, and instead, has modified its algorithm to display provocative content that people are likely to be interested in at the top with the aim of increasing “user engagement,” which has contributed to the rapid spread of misinformation and deepening political polarization.\u003cbr\u003e\u003cbr\u003e The Chinese government is investing heavily in AI technology for surveillance.\u003cbr\u003e They direct major tech companies to collect and analyze massive amounts of private data, ostensibly to prevent potential rebellions, and they instantly censor and delete politically sensitive information, blocking public access. \u003cbr\u003eWith the powerful Chinese Communist Party investing heavily in surveillance technology, this has provided an incentive for Chinese tech companies to develop such technologies first, and the only area in AI where China currently outperforms the United States is data.\u003cbr\u003e Even AI tools developed for surveillance and repression are being exported beyond Xinjiang to non-democratic countries.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e Giant corporations like Amazon monitor workers, strictly manage work schedules, and even monitor workers' break times in the name of increasing productivity.\u003cbr\u003e Some degree of monitoring may be a reasonable prerogative of the employer.\u003cbr\u003e But highly surveilled environments reduce workers to robots, humiliate them, and create dangerous situations where they have to meet demanding work schedules and work standards. \u003cbr\u003eIn fact, the accident rate at Amazon fulfillment centers was twice the overall average, and accidents were more frequent during peak seasons when workloads were particularly high.\u003cbr\u003e\u003cbr\u003e In all of the above cases, the opinions of citizens who would be harmed or affected by the 'choices' of large corporations and powerful governments were not gathered.\u003cbr\u003e These digital technologies have enabled corporations to generate enormous profits, while undemocratic countries like China have been able to effectively monitor and control their populations.\u003cbr\u003e These digital tools may have helped workers become more productive, increase profits, and help companies manage their workforces.\u003cbr\u003e For institutions and governments, the technology to collect and monopolize data has become an invaluable tool for centralizing power and effectively controlling citizens.\u003cbr\u003e However, these technologies ultimately lowered social welfare and undermined democracy. \u003cbr\u003eCan we still affirm that ‘technological advancement equals progress’?\u003cbr\u003e\u003cbr\u003e In their book, Acemoglu and Johnson examine the political, economic, and social landscape of the past 1,000 years, identifying moments when technological advancements have led to outcomes far from shared prosperity.\u003cbr\u003e Improved and systematized agricultural techniques did not bring wealth to the peasants who made up nearly 90 percent of the population at the time.\u003cbr\u003e In the late Middle Ages, sea routes opened up and some people in Europe amassed enormous wealth through Atlantic trade, but behind the scenes, there were millions of slaves transported on those ships.\u003cbr\u003e During the Industrial Revolution, the invention of innovative machinery greatly increased factory production, but workers were exploited and forced into oppressive environments.\u003cbr\u003e Technological advancements don't solve everything. \u003cbr\u003eHow we use it will determine how our 'brave new world' unfolds.\u003cbr\u003e\u003cbr\u003e \u003cb\u003eShared prosperity depends on our choices.\u003cbr\u003e Break free from the narrow vision aimed at by those in power\u003cbr\u003e Sharp suggestions to move toward shared prosperity\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e Acemoglu and Johnson directly challenge these optimisms and offer a wealth of examples of how we could achieve \"shared prosperity.\"\u003cbr\u003e Technological advancements have certainly brought abundance to this world.\u003cbr\u003e It is self-evident that life today has become significantly more comfortable and convenient compared to the lives of our ancestors hundreds of years ago.\u003cbr\u003e According to the authors, a key reason we enjoy the benefits of progress today is because generations before us “made” progress happen in a way that led to shared prosperity.\u003cbr\u003e\u003cbr\u003e \u003cbr\u003eThe reason most people in the world today have a higher standard of living than their ancestors did is because in the industrial societies that preceded us, citizens and workers organized themselves to challenge the upper class's control over technology and working conditions and to force a more equitable sharing of the gains from technological advancement.\u003cbr\u003e (Page 19)\u003cbr\u003e\u003cbr\u003e The authors argue that for new technologies to benefit everyone as they are developed and advanced, they must augment existing human tasks, thereby enhancing human capabilities, and create new tasks, thereby offsetting the displacement of workers.\u003cbr\u003e Furthermore, in order to share the prosperity brought about by technological advancements, we must be able to listen to the voices of people in more diverse places and establish an inclusive 'vision'. \u003cbr\u003eShared prosperity becomes more feasible when workers, on the other side of capitalists and businessmen, have the power to speak out and resist.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e The Industrial Revolution in Britain brought new industrial machinery and brought in countless fortunes, but it also forced many ordinary people into poor working conditions and a severely polluted environment.\u003cbr\u003e As people organized and stood up to the tech establishment, the government's vision was reset and the narrative shifted to one that benefited everyone.\u003cbr\u003e Similarly, in the early 20th century, Henry Ford of the Ford Company introduced a 'minimum wage' system and provided training for workers in new technologies when mass production techniques were introduced to factories and worker defections became frequent. \u003cbr\u003eThis has resulted in the creation of new blue-collar jobs while also increasing worker productivity.\u003cbr\u003e As narratives change and people organize, social pressure increases and the seemingly unchallenged direction of \"progress\" can shift.\u003cbr\u003e It will probably not be an easy task.\u003cbr\u003e But it is not impossible. \u003cbr\u003e\n\n\u003c\/div\u003e\n\u003cdiv\u003e\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cdiv style=\"width:95%;padding-top:20px;padding-bottom:20px\"\u003e\n\n\u003cdiv style=\"text-align:left;font-size:16px;font-weight:bold;padding-bottom:20px\"\u003e GOODS SPECIFICS \u003c\/div\u003e\n\n\u003cdiv style=\"text-align:left;font-size:14px;line-height:1.6em;\"\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003eDate of issue:\u003c\/strong\u003e June 30, 2023\u003c\/div\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003ePage count, weight, size:\u003c\/strong\u003e 736 pages | 1,074g | 152*223*35mm\u003c\/div\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003eISBN13:\u003c\/strong\u003e 9791193166147\u003c\/div\u003e\n\n\u003cdiv style=\"width:100%;margin-bottom:5px;line-height:1.6em;font-size:14px\"\u003e - \u003cstrong\u003eISBN10:\u003c\/strong\u003e 1193166144 \u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\n\u003c\/div\u003e\n\n\u003ccenter\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003ccenter\u003e\u003ctable\u003e\u003ctr\u003e\u003ctd style=\"height:10px\"\u003e\u003c\/td\u003e\u003c\/tr\u003e\u003c\/table\u003e\u003c\/center\u003e\n\n\u003cspan\u003e\u003c\/span\u003e\n\n\u003c\/center\u003e\n\n\n\u003c\/center\u003e","brand":"LIBRAIRIE COREENNE","offers":[{"title":"Default Title","offer_id":43894495543338,"sku":"105342","price":46.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0683\/2750\/5962\/files\/7f97a9c604e0c45cdca3bebbfe6c97ba.jpg?v=1765435604","url":"https:\/\/librairie.coreenne.fr\/en\/products\/105342","provider":"LIBRAIRIE COREENNE","version":"1.0","type":"link"}