otrdiena, 2017. gada 21. novembris

A Challenge to Modern Democracy


                                                     Turpe est aliud loqui, aliud sentire
     

      
             A Challenge to Modern Democracy
                                                                                                                                              
          The formation and consolidation of the digital society as a result of the rapid spread of modern information technologies, artificial intelligence, robotics and genetic engineering create a new reality, demanding the improvement of the corresponding democratic order.
          The transformation of democracy should include both proper adjustment of legislative acts and the development of new legitimate standards, as well as the creation of the necessary conditions for the growth of a person as a full-fledged member of the digital society.
          This means that the current system of democracy in its essence should become more humane!
Since any reformation of power actually threatens the property of the elite of state power, which has often been acquired as a result of illegal actions and corruption, those who represent power and those close to power-wielding agencies, using any authority and financial resources at their disposal, always and everywhere desperately and at all costs fight and will always fight for the continued preservation of the acquired status quo: by engaging the repressive apparatus subordinate to politicians, spreading disinformation, preaching populism and using demagoguery. Actually ignoring the interests of the majority of the electorate and in every way interfering with, and even torpedoing, the implementation of reforms so necessary for society, which, in their opinion, could jeopardise the stability of the stagnant political regime.... Read more: https://www.amazon.com/HOW-GET-RID-SHACKLES-TOTALITARIANISM-ebook/dp/B0C9543B4L/ref=sr_1_1?crid=19WW1TG75ZU79&keywords=HOW+TO+GET+RID+OF+THE+SHACKLES+OF+TOTALITARIANISM&qid=1687700500&s=books&sprefix=how+to+get+rid+of+the+shackles+of+totalitarianism%2Cstripbooks-intl-ship%2C181&sr=1-1

The Narrow Corridor: States, Societies, and the Fate of Liberty


'A must-read. Acemoglu and Robinson are intellectual heavyweights of the first rank . . . erudite and fascinating' Paul Collier, Guardian
By the authors of the international bestseller Why Nations Fail, based on decades of research, this powerful new big-picture framework explains how some countries develop towards and provide liberty while others fall to despotism, anarchy or asphyxiating norms- and explains how liberty can thrive despite new threats.
Liberty is hardly the 'natural' order of things; usually states have been either too weak to protect individuals or too strong for people to protect themselves from despotism. There is also a happy Western myth that where liberty exists, it's a steady state, arrived at by 'enlightenment'. But liberty emerges only when a delicate and incessant balance is struck between state and society - between elites and citizens. This struggle becomes self-reinforcing, inducing both state and society to develop a richer array of capacities, thus affecting the peacefulness of societies, the success of economies and how people experience their daily lives.
Explaining this new framework through compelling stories from around the world, in history and from today - and through a single diagram on which the development of any state can be plotted - this masterpiece helps us understand the past and present, and analyse the future.
'An intellectually rich book that develops an important thesis with verve' Martin Wolf, Financial Times, on Why Nations Fail



What’s Behind the Crisis of Democracy?

Dec 4, 2019 HAROLD JAMES

In democracies around the world, voters increasingly feel as though most of the major choices affecting their lives have already been decided through existing legal and international frameworks. But while rules-based technocracy – and corporatism before it – may have been well-suited to monolithic forms of identity, it no longer suffices.
There is no longer any denying that democracy is at risk worldwide. Many people doubt that democracy is working for them, or that it is working properly at all. Elections don’t seem to yield real-world results, other than to deepen existing political and social fissures. The crisis of democracy is largely a crisis of representation – or, to be more precise, an absence of representation.
Recent elections in Spain and Israel, for example, have been inconclusive and frustrating. And the United States, the world’s longstanding bastion of democracy, is in the midst of a constitutional crisis over a president who was elected by a minority of voters, and who has since made a mockery of democratic norms and the rule of law.
Meanwhile, in Britain, which will hold a general election on December 12, the two major parties and their respective leaders have become increasingly unattractive; but the only alternative – the Liberal Democrats – has struggled to fill the void. Only regional parties – the Scottish National Party, Plaid Cymru in Wales, and the Democratic Unionists in Northern Ireland – are commanding any credibility. And in Germany, an apparently exhausted “grand coalition” has become a source of growing disillusion.
To many commentators, today’s democratic fatigue is eerily similar to that of the interwar years. But there is an obvious difference: that earlier crisis of democracy was inextricably linked to the economic misery of the Great Depression, whereas today’s crisis has arrived at a time of historically high levels of employment. Though plenty of people today feel a sense of economic insecurity, the response to the current crisis cannot simply be a repeat of what came before.
During the interwar years, democratic governance was frequently remolded to include different forms of representation. The most attractive at the time was corporatism, whereby formally organized interest groups negotiated with the government on behalf of a particular occupation or economic sector. The expectation was that collectives of factory workers, farmers, and even employers would be more capable of arriving at decisions than elected representative assemblies, which had come to be seen as cumbersome and riven by intractable political divisions.
The interwar corporatist model now seems abhorrent, not least because it was associated with the Italian fascist dictator Benito Mussolini. For a time, though, Mussolini’s approach was attractive to politicians elsewhere, including those who did not think of themselves as occupying a political extreme. For example, US President Franklin D. Roosevelt’s original vision of the New Deal comprised many corporatist elements, including price controls, which would be negotiated by unions and industrial organizations. If we have forgotten about these corporatist provisions, it is because they did not survive a 1935 decision by the Supreme Court, which ruled Title I of the 1933 National Industrial Recovery Act to be unconstitutional.
But, of course, elections and pseudo-elections during this period were also producing dictatorships, not just in Europe but also in Asia and South America. And owing to these catastrophic failures, democracy came to be circumscribed in the post-war era, both by new domestic constitutional and legal boundaries and through international commitments.
In the case of continental Europe and Japan, democracy was largely imposed as a consequence of military defeat, which meant that its rules were set from the outside and not subjected to any formal challenge. Thereafter, European integration – in the form of the European Economic Community and then the European Union – manifested as a system of adjudication and enforcement in the service of established norms. And more broadly, international agreements became a way of implying that certain rules were unbreakable or simply inevitable; they could no longer be contested, democratically or otherwise.
These new legal constraints were, of course, augmented by military considerations. International alliances were presented as the means for maintaining domestic security. NATO, in the famous words of its first secretary-general, Lord Ismay, was meant “to keep the Russians out, the Americans in, and Germans down.”
This uniquely successful arrangement for ensuring post-war stability was disintegrating even before the sudden decline in US legitimacy following the 2003 Iraq War and the 2007-2008 global financial crisis. When French President Emmanuel Macron recently used extreme language to describe the EU as standing “on the edge of a precipice” and NATO as brain dead, he was being entirely accurate. Under President Donald Trump, America – and thus NATO – is no longer capable of strategic thinking, nor willing to safeguard transatlantic interests.
The post-war order was often criticized for not allowing any genuine democratic choice. Accordingly, Western political scientists started talking about widespread demobilization. And well before a new German radical right appeared, prominent German intellectuals had concluded that voting was unimportant, that modernity is about rule by self-constrained moderates on behalf of the immobile – a “lethargocracy.”
The modern challenge, then, is to achieve greater democratic inclusiveness. Old-style corporatism cannot be the answer, because most people no longer define themselves solely or even largely by one occupation. By the same token, the argument for an international rules-based technocracy now looks tired and lazy, even though international institutions (including the EU and even NATO) are still needed to provide public goods.
Nowadays, personal identity is determined by a complex array of factors. Most people think of themselves as consumers, producers, lovers, parents, citizens, and breathers of the same air, depending on the context. More frequent and clearly defined choices are needed to translate the complexities of selfhood into political expression.
Fortunately, current technologies could help. Digital citizenshipthrough electronic voting, polling, and petitioning – is one obvious solution to the problem of declining participation. Of course, it is important to think through which decisions we subject to new, more direct methods of deliberation and voting. Such mechanisms should not be used for major, defining choices that are inherently controversial and divisive; but they could help with more quotidian, practical issues such as the location of a rail or road system or the details of emissions control and energy pricing.
This vision of democratic renewal would work most effectively in smaller countries like Estonia, which has pioneered digital citizenship and e-residency. Individual cities could do the same, thereby offering lessons for larger polities. Thinking locally about the problem of representation may be the first step toward overcoming the crisis of democracy globally.

https://www.project-syndicate.org/commentary/crisis-of-democracy-failures-of-representation-by-harold-james-2019-12

Dictators Without Borders
Living in a democracy is no longer protection from authoritarianism.

JAN 21, 20205:45 AM

Donald Trump’s election in 2016 sparked a veritable cottage industry of commentary about the decline of democracy and the rise of authoritarian forces. Essays like Masha Gessen’s “Autocracy: Rules for Survival” and books like Steven Levitsky’s How Democracies Die made the rounds among jittery Americans suddenly wondering if they would recognize the end of American democracy when it came. Three years later, it’s clear that, if there’s a tipping point where a country goes from “free” to “not free,” the U.S. is still far from it. That House Democrats were able to impeach Trump without fearing for their lives demonstrates that reality. And yet, the impeachment inquiry also highlights the degree to which this president has managed to carry out brazen displays of authoritarian behavior with no consequences thus far.
Much of the early handwringing focused on whether the United States could ever transition from a democratic republic to an authoritarian regime. It downplayed the degree to which authoritarianism is not just a political system but a type of political behavior that can happen in democratic systems as well. Commentators also missed that authoritarianism is increasingly global: The U.S. hasn’t gone from being a “free” to a “not free” country so much as the distinction between those has blurred.
This isn’t quite what we thought the age of Trumpian authoritarianism would look like.
The impeachment inquiry focuses on Trump’s apparent effort to leverage state power to discredit and undermine a political rival, former Vice President Joe Biden. A leader targeting political opponents with trumped-up charges or selective investigations is textbook authoritarian behavior. When Vladimir Putin’s chief opposition rival, Alexei Navalny, is targeted with embezzlement charges, or when thousands of potential rivals of Turkish President Recep Tayyip Erdogan are imprisoned based on conspiracy theories, we recognize this sort of abuse of power for what it is. But there’s a wrinkle in Trump’s case: He tried and failed to wield the American justice system against other enemies (James Comey and Hillary Clinton) and so resorted to leaning on the mechanisms of power of a foreign nation—one much more vulnerable to corruption and influence. Tellingly, he has also called on China, an authoritarian state, to investigate the Bidens.
This isn’t quite what we thought the age of Trumpian authoritarianism would look like. We are accustomed to thinking of authoritarianism vs. democracy as a team sport: the Axis against the Allies, the Soviets against the West. But that traditional understanding might not make sense anymore, as governments reach beyond their borders to inflict state pressure and violence.
Leaders of authoritarian countries are increasingly able to pressure and silence critics in the “free” world. Leaders of democracies can enlist authoritarian governments against their own critics. Globalization may once have been thought of as a force that undermined authoritarianism, but lately it seems to be the democrats who are playing catch-up.
A useful framework for our current moment is suggested by the Dutch political scientist Marlies Glasius, who proposes that we devote less attention to identifying authoritarian regimes and more on authoritarian practices. Freely elected leaders like Rodrigo Duterte, Narendra Modi, and Donald Trump are not “authoritarian” in the same way as leaders of China, Saudi Arabia, or Russia, where opposition groups are barred and elections are either fraudulent or nonexistent. But that doesn’t mean that they can’t take authoritarian actions. Recent events in India, where widespread protests have broken out against a proposed law that bars Muslims from the same path to citizenship enjoyed by migrants of other religions, makes this very clear. India is still “the world’s largest democracy” and Modi enjoys popular legitimacy. That hasn’t stopped him from pushing a policy apparently inspired by the police state of Myanmar.
Glasius defines authoritarian practices as “actions … sabotaging accountability to people over whom a political actor exerts control, or their representatives, by disabling their access to information and/or disabling their voice.” They enable domination and subvert the channels by which people are supposed to be able to make their preferences heard in a democratic society. Subverting the justice system to selectively investigate a government rival is just such a practice.
What does that look like in practice? The most blatant examples of globalized authoritarianism are when governments actually kill or attempt to kill their critics in other countries, as Saudi Arabia did in the case of journalist Jamal Khashoggi, or Russia allegedly did to Sergei Skripal, the former spy who was poisoned along with his daughter in England in 2018. The leaders of democracies have been all-too-willing to brush aside these incidents in order to preserve economic or security relationships.
But other expressions of authoritarian power are becoming much more subtle and difficult to trace.
World superpowers have, for example, newfound abilities to censor or chill speech outside their borders. By acting as gatekeeper to the massive Chinese audience, for example, the country’s government has essentially acquired final cut privileges on films shown abroad as well as in China. In an effort to avoid Chinese ire, filmmakers have gone as far as to digitally re-edit the 2012 Red Dawn remake to make the villains North Korean instead of Chinese and cast white actress Tilda Swinton to play a Tibetan sorcerer in Doctor Strange.
Last year, long-standing concerns among China watchers about Beijing’s ability to carry out censorship on a global scale burst into the public consciousness in a high-profile dispute between the Chinese government and the NBA. After Houston Rockets executive Daryl Morey’s tweet in support of the Hong Kong protesters was met with a furious reaction from China, the NBA’s second-largest market, the league went through a grim cycle of damage control and self-censorship, following in the footsteps of brands from Marriot, to Delta, to BMW that have found themselves targets of Beijing’s ire after perceived slights. The English soccer team Arsenal is now facing a similar dilemma to the Rockets’ after a star player spoke out about the treatment of the Uighurs.
Referring to another company’s surrender to Chinese government sensitivities, China hawk Sen. Marco Rubio tweeted, “Recognize what’s happening here. People who don’t live in China must either self censor or face dismissal & suspensions. China using access to market as leverage to crush free speech globally.” Rubio is correct, here. And if he thought about it a little harder, he might consider how the president he backs has openly solicited Chinese help to pressure his own domestic critics.
Why is authoritarianism globalizing? For one thing, countries are more economically interdependent than ever before. During the Cold War, East bloc countries sought to prevent their citizens from having access to American consumer goods. Today, China and the United States are strategic and ideological foes but deeply enmeshed in each other’s economies. China is both making and consuming those consumer goods. This interdependence creates leverage: Countries like China can use the size of their markets to induce foreign firms and governments to play by its rules, even when those rules run contrary to those other countries professed political values.
The U.S. has also engaged in authoritarian acts abroad, and long before Trump.
It was once hoped that improved communications technologies and the internet would undermine authoritarian governments by allowing their citizens access to forbidden information. Instead, those same communications channels can be just as easily used to spread authoritarian propaganda and misinformation.
The nature of warfare and geopolitical competition has also changed. Rather than direct military conflicts between national governments, today’s wars are more likely to resemble the one in Ukraine, a muddled conflict between militias and proxy forces that has aspects of both a full-fledged occupation and a civil war. Putin’s Russia has been particularly good at exploiting the ambiguity of conflicts like Ukraine and Syria to bolster its own global influence.
Major powers like the U.S., Russia, and China were once fairly forthright in divvying up the world into spheres of influence and ideological blocs. Today, they insist that they are respecting other countries’ sovereignty and not imposing their values abroad, while doing just that.
The U.S. has also engaged in authoritarian acts abroad, and long before Trump. One of Glasius’ primary examples is “digital surveillance such as that practised by the US National Security Agency and revealed by the Snowden leaks.” The U.S. has long leveraged its dominant position in the global financial system to compel other countries to comply with its sanctions, launched covert drone strikes outside of declared battlefields, turned over terrorist suspects for interrogation by governments with less scrupulous human rights laws, and backed coups as part of the Cold War’s ideological competition. In recent days, the Trump administration has escalated an international crisis with Iran by assassinating a senior military official in a foreign country with barely an attempt to ground that action in domestic or international law. The fact that the target of the strike, Gen. Qassem Soleimani, had himself made a career of expanding the Iranian state’s authoritarian violence to neighboring countries only highlights how this kind of transnational violence is becoming normalized.
We can argue about whether these practices by the United States are “authoritarian” themselves, but they certainly provide all governments with a playbook of how state-sponsored violence and coercion can be projected abroad.
It might seem ironic that globalized authoritarian practices are becoming more common in an era of backlash to globalization. Some of the same governments carrying out these practices are also reinforcing their borders, cracking down on international migration, walling off their communications infrastructure, and stamping out any forms of ambiguity when it comes to citizenship or territorial control. The borders that these governments enforce serve to control and monitor the activities and movements of their citizens while leaders are free to reach across those borders to commit (and sometimes collaborate on) authoritarian practices. If they manage to enrich themselves through these practices, a world of offshore tax havens and ambiguous legal jurisdictions—a world the British journalist Oliver Bullough has termed “Moneyland”—is at their disposal.
This is a challenge for anyone pushing back against authoritarianism. It feels as if half the world is erupting in protest against corrupt and anti-democratic government practices right now, but these movements have failed to connect across borders and circumstance. Moments of transnational solidarity are rare enough to be treated as curiosities. “Global” justice bodies like the International Criminal Court are hamstrung in their ability to bring human rights abusers to justice by national jurisdiction and state sovereignty. But there are positive signs as well. Human Rights Watch’s just-released 2020 World Report, which focuses on the threat Chinese censorship poses to free expression outside China’s borders, suggests awareness of the new dynamic is growing. And several presidential candidates—notably Bernie Sanders and Elizabeth Warren—have explicitly linked the fight against authoritarianism globally to tackling corruption and inequality at home, an acknowledgment of the transnational nature of the problem.
In an era where authoritarian actors are reaching across borders and collaborating, it’s time for advocates of democracy to do the same. 


The Crisis of Democracy: Report on the Governability of Democracies to the Trilateral Commission

 by Michel Crozier, Samuel P. Huntington, Joji Watanuki

 
The report observed the political state of the United States, Europe and Japan and says that in the United States the problems of governance "stem from an excess of democracy" and thus advocates "to restore the prestige and authority of central government institutions." https://www.goodreads.com/en/book/show/1120175.The_Crisis_of_Democracy


Democracy in Retreat

Freedom in the World 2019

In 2018, Freedom in the World recorded the 13th consecutive year of decline in global freedom. The reversal has spanned a variety of countries in every region, from long-standing democracies like the United States to consolidated authoritarian regimes like China and Russia. The overall losses are still shallow compared with the gains of the late 20th century, but the pattern is consistent and ominous. Democracy is in retreat.

In states that were already authoritarian, earning Not Free designations from Freedom House, governments have increasingly shed the thin façade of democratic practice that they established in previous decades, when international incentives and pressure for reform were stronger. More authoritarian powers are now banning opposition groups or jailing their leaders, dispensing with term limits, and tightening the screws on any independent media that remain. Meanwhile, many countries that democratized after the end of the Cold War have regressed in the face of rampant corruption, antiliberal populist movements, and breakdowns in the rule of law. Most troublingly, even long-standing democracies have been shaken by populist political forces that reject basic principles like the separation of powers and target minorities for discriminatory treatment…: https://freedomhouse.org/report/freedom-world/freedom-world-2019/democracy-in-retreat 


GDP Is Not a Measure of Human Well-Being
OCTOBER 04, 2019
Economic growth has raised living standards around the world. However, modern economies have lost sight of the fact that the standard metric of economic growth, gross domestic product (GDP), merely measures the size of a nation’s economy and doesn’t reflect a nation’s welfare. Yet policymakers and economists often treat GDP, or GDP per capita in some cases, as an all-encompassing unit to signify a nation’s development, combining its economic prosperity and societal well-being. As a result, policies that result in economic growth are seen to be beneficial for society.
We know now that the story is not so simple – that focusing exclusively on GDP and economic gain to measure development ignores the negative effects of economic growth on society, such as climate change and income inequality. It’s time to acknowledge the limitations of GDP and expand our measure development so that it takes into account a society’s quality of life.
A number of countries are starting to do this. India, for instance, where we both work advising the government, is developing an Ease of Living Index, which measures quality of life, economic ability and sustainability.
When our measures of development go beyond an inimical fixation towards higher production, our policy interventions will become more aligned with the aspects of life that citizens truly value, and society will be better served. But before we attempt to improve upon the concept of GDP, it is instructive to understand its roots.
The origins of GDP
Like many of the ubiquitous inventions that surround us, the modern conception of GDP was a product of war. While Simon Kuznets is often credited with the invention of GDP (since he attempted to estimate the national income of the United States in 1932 to understand the full extent of the Great Depression), the modern definition of GDP was developed by John Maynard Keynes during the second world war.
In 1940, one year into the war with Germany, Keynes, who was working in the UK Treasury, published an essay complaining about the inadequacy of economic statistics to calculate what the British economy could produce with the available resources. He argued that such data paucity made it difficult to estimate Britain’s capacity for mobilization and conflict.
According to him, the estimate of national income should be the sum of private consumption, investment and government spending. He rejected Kuznets’ version, which included government income, but not spending, in his calculation. Keynes realized that if the government’s wartime procurement was not considered as demand in calculating national income, GDP would fall despite actual economic growth taking place. His method of calculating GDP, including government spending into a country’s income, which was driven by wartime necessities, soon found acceptance around the world even after the war was over. It continues to this day.
How GDP falls short
But a measure created to assess wartime production capabilities of a nation has obvious drawbacks in peacetime. For one, GDP by definition is an aggregate measure that includes the value of goods and services produced in an economy over a certain period of time. There is no scope for the positive or negative effects created in the process of production and development.
For example, GDP takes a positive count of the cars we produce but does not account for the emissions they generate; it adds the value of the sugar-laced beverages we sell but fails to subtract the health problems they cause; it includes the value of building new cities but does not discount for the vital forests they replace. As Robert Kennedy put it in his famous election speech in 1968, “it [GDP] measures everything in short, except that which makes life worthwhile.”
Environmental degradation is a significant externality that the measure of GDP has failed to reflect. The production of more goods adds to an economy’s GDP irrespective of the environmental damage suffered because of it. So, according to GDP, a country like India is considered to be on the growth path, even though Delhi’s winters are increasingly filled with smog and Bengaluru’s lakes are more prone to fires. Modern economies need a better measure of welfare that takes these externalities into account to obtain a truer reflection of development. Broadening the scope of assessment to include externalities would help in creating a policy focus on addressing them.
GDP also fails to capture the distribution of income across society – something that is becoming more pertinent in today’s world with rising inequality levels in the developed and developing world alike. It cannot differentiate between an unequal and an egalitarian society if they have similar economic sizes. As rising inequality is resulting in a rise in societal discontentment and increased polarization, policymakers will need to account for these issues when assessing development.
Another aspect of modern economies that makes GDP anachronistic is its disproportionate focus on what is produced. Today’s societies are increasingly driven by the growing service economy – from the grocery shopping on Amazon to the cabs booked on Uber. As the quality of experience is superseding relentless production, the notion of GDP is quickly falling out of place. We live in a world where social media delivers troves of information and entertainment at no price at all, the value for which cannot be encapsulated by simplistic figures. Our measure of economic growth and development also needs to adapt to these changes in order to give a more accurate picture of the modern economy.
How we’re redefining development in India
We need alternative metrics to complement GDP in order to get a more comprehensive view of development and ensure informed policy making that doesn’t exclusively prioritize economic growth. We’re seeing some efforts already, such as Bhutan’s attempt to measure Gross National Happiness, which considers factors like equitable socio-economic development and good governance, and UNDP’s Human Development Index (HDI), which encapsulates health and knowledge apart from economic prosperity.
As a step in this direction, India is also beginning to focus on the ease of living of its citizens. Ease of living is the next step in the development strategy for India, following the push towards ease of doing business that the country has achieved over the last few years. The Ministry of Housing and Urban Affairs has developed the Ease of Living Index to measuring quality of life of its citizens across Indian cities, as well as economic ability and sustainability. It is as well expected to evolve into a measurement tool to be adopted across districts. We believe that this more holistic measure will provide more accurate insights into the state of development of the Indian economy.
The end goal is to have a more just and equitable society that is economically thriving and offering citizens a meaningful quality of life. With a change in what we measure and perceive as a barometer of development, how we frame our policies will also catch up. In an economy with well-being at its heart, economic growth will simply be another tool to guide it in the direction that the society chooses. In such an economy, the percentage points of GDP, which are rarely connected with the lives of average citizens, will cease to take the center stage. The focus would instead shift towards more desirable and actual determinants of welfare.

Artificial Intelligence Set: What You Need to Know About AI
 April 25, 2018

What do you really need to know about the Artificial Intelligence (AI) revolution? This specially priced 4 item set will make it easier for you to understand how your company, industry, and career can be transformed by AI. It is a must-have for managers who need to recognize the potential impact of AI, how it is driving future growth, and how they can make the most of it. This collection includes: "Human + Machine: Reimagining Work in the Age of AI" by Paul Daugherty and H. James Wilson; which reveals how companies are using the new rules of AI to leap ahead on innovation and profitability, as well as what you can do to achieve similar results. Based on the authors' experience and research with 1,500 organizations, this book describes six new types of hybrid human + machine roles that every company must develop, and it includes a "leader's guide" with the principals required to become an AI-fueled business. "Prediction Machines: The Simple Economics of Artificial Intelligence" by Ajay Agrawal, Joshua Gans, and Avi Goldfarb; the authors lift the curtain on the AI-is-magic hype and show how basic tools from economics provide clarity about the AI revolution and a basis for action by CEOs, managers, policy makers, investors, and entrepreneurs. "Artificial Intelligence for the Real World" (Article PDF), based on a survey of 250 executives familiar with their companies' use of cognitive technology and a study of 152 projects show that companies do better by developing an incremental approach to AI, and by focusing on augmenting rather than replacing human capabilities. And "Reshaping Business with Artificial Intelligence" (Article PDF); provides baseline information on the strategies used by companies leading in AI, the prospects for its growth, and the steps executives need to take to develop a strategy for their business.

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