Economist Peter Schiff has pushed back against Sen. Bernie Sanders’ (I-VT) calls for a moratorium on new AI data centers, calling it an attack on productivity, progress and growth.
Employment Is ‘Not The Goal’
On Thursday, in a post on X, Schiff said that Sanders’ opposition to AI is rooted in concerns that the rich “might get richer,” as opposed to broader economic welfare.
“Apparently, the real tragedy isn’t poverty or scarcity, but the possibility that someone might profit while making everyone else’s life easier,” he said.
See Also: Trump’s AI Order Under Fire— Amy Klobuchar Says It’s ‘Likely Illegal’ While Bernie Sanders Calls It ‘Extremely Dangerous’
Schiff said that productivity gains from AI would ultimately benefit consumers, not just corporations or wealthy investors. “If AI raises profits by raising productivity, producing more and better goods at lower prices, then consumers are the real winners,” he said, adding …Full story available on Benzinga.com
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