Power and Progress Quotes

“Technology is nothing without vision.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“in modern societies it is the power to persuade—even more so than economic, political, and coercion powers—that is critical”
― Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“in the modern world the power to persuade is the most important source of social power. But with such persuasiveness, you tend to convince yourself that you are correct, and you become less sensitive to others’ wishes, interests, and plights.”
― Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Hay otra razón que explica el éxito de las democracias: es muy posible que las voces discordantes sean su mayor virtud. Cuando es difícil que un único punto de vista domine las decisiones políticas y sociales, es probable que aparezcan fuerzas y perspectivas contrarias que frenen las visiones egoístas que se imponen a la gente, independientemente de si las quieren o se benefician de ellas. Esta ventaja concreta de la democracia está relacionada con una idea planteada hace más de doscientos años por un filósofo francés, el marqués de Condorcet. Defendió la idea de democracia usando lo que denominó «el teorema del jurado». Según este teorema, es mucho más probable que un jurado —por ejemplo, compuesto por doce personas, cada una con un punto de vista— tome una buena decisión que un solo individuo. Todos los miembros aportarán su punto de vista y sus prejuicios, que pueden variar en función de los temas. Si se nombra a uno como responsable o representante, ese individuo puede tomar malas decisiones. Sin embargo, si hay varias personas implicadas, con perspectivas diferentes, y la decisión definitiva incorpora sus puntos de vista, es muy posible que, en condiciones plausibles, se tomen mejores”
― Daron Acemoğlu, Poder y progreso: Nuestra lucha milenaria por la tecnología y la prosperidad (Deusto)

“Early on, there was even a hope that online communications could generate a new public sphere, one where people from even more diverse backgrounds than in local politics could freely interact and exchange opinions.

Unfortunately, online democracy is not in line with the business models of leading tech companies and the AI illusion. In fact, it is diametrically opposed to a technocratic approach, which maintains that many important decisions are too complex for regular people. The vibe in the corridors of most tech companies is that men of genius are at work, striving for the common good. It is only natural that they should be the ones making the important decisions. When approached this way, the political discourse of the masses becomes something to be manipulated and harvested, not something to be encouraged and protected.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Even with displacement and massive data collection, productivity growth from new technologies can sometimes increase demand for workers and boost their earnings. But benefits for workers appear only when new technologies substantially increase productivity. Today, this is a serious concern because AI has so far brought a lot of so-so automation, with limited productivity benefits.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Overall, the medieval economy was not benefit of technological progress and major reorganizations These difficult times for ordinary people were the result of the religious and aristocratic elite structuring technology and the economy to make it hard for most of the population to prosper.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“This is what happened after mills were introduced in medieval England. As new machines were deployed and productivity rose, feudal lords exploited the peasantry more intensively. The working hours of labourers rose, with less time left to tend to their own crops, and their real incomes and household consumption fell.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“democracy is an essential pillar of what we view as the institutional foundations of an inclusive vision”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Power is about the ability of an individual or group to achieve explicit or implicit objectives. If two people want the same loaf of bread, power determines who will get it.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Visionaries derive their power partly from the blinders that they have on - including the suffering that they ignore.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“consequences of their actions on others.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Power tends to corrupt and absolute power corrupts absolutely.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“The dissolution of monasteries under Henry VIII and the subsequent reorganization of agriculture was another step that altered the balance of power in rural England. The slow growth in the real incomes of the English peasantry before the beginning of the industrial era was a consequence of this type of drift.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Most people around the globe today are better off than our ancestors because citizens and workers in early industrial societies organized, challenged elite-dominated choices about technology and work conditions, and forced ways of sharing the gains from technical improvements more equitably.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“What is true of steam engines is true of all technologies. Technologies do not exist independent of an underlying vision. We look for ways of solving problems facing us (this is vision). We imagine what kind of tools might help us (also vision). Of the multiple paths open to us, we focus on a handful (yet another aspect of vision). We then attempt alternative approaches, experimenting and innovating based on that understanding. In this process, there will be setbacks, costs, and almost surely unintended consequences, including potential suffering for some people. Whether we are discouraged or even decide that the responsible thing is to abandon our dreams is another aspect of vision.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“Unfortunately, online democracy is not in line with the business models of leading tech companies and the AI illusion.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“More fundamentally, productivity gains from automation may always be somewhat limited, especially compared to the introduction of new products and tasks that transform the production process, such as those in the early Ford factories. Automation is about substituting cheaper machines or algorithms for human labor, and reducing production costs by 10 or even 20 percent in a few tasks will have relatively small consequences for TFP or the efficiency of the production process. In contrast, introducing new technologies, such as electrification, novel designs, or new production tasks, has been at the root of transformative TFP gains throughout much of the twentieth century.”
― Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“In fact, a thousand years of history and contemporary evidence make one thing abundantly clear: there is nothing automatic about new technologies bringing widespread prosperity. Whether they do or not is an economic, social, and political choice.”
― Daron Acemoğlu, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“For anyone who believes that the productivity benefits necessarily trickle down through society and improve wages and working conditions, these formative episodes are hard to explain. But once you recognize that technology’s advances look after the interests of those who are powerful and whose vision guides its trajectory, everything makes a lot more sense.”
― Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“when human rights are weak or nonexistent as in medieval Europe or on southern plantations, improving technology can easily lead to more intense exploitation of labor.”
― Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

“How technology is used is always intertwined with the vision and interests of those who hold power.”
― Simon Johnson, Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity