The Characteristics and Institutional Arrangements of the National Economic Cycle in the Era of Artificial Intelligence
Applying artificial intelligence technology to production by the capital can significantly save individual labor time and increase wealth.The value of individual labor production will significantly decrease,and the transformed income which is from the necessary value of individual labor and the transformed profit of capital which is from the surplus value created by the individual labor production will also significantly decrease.In the era of artificial intelligence,the circular characteristics of production,distribution,exchange,and consumption in the national economy are different from those of the handicraft and machine industrial periods.Vigorously develop the non-material production sector,enhance its ability to absorb laborers,establish the theoretical concept that the labor of the non-material production sector is also the productive labor that can produce goods and surplus value,and achieve the smooth transformation of individual labor into social labor.The institutional arrangement for building a new type of shareholding system ensures that labor contributions belong to the workers and capital contributions belong to the owners of capital,thus to achieve a virtuous cycle of the production,distribution,exchange,and consumption of the national economy in the era of artificial intelligence.
Era of Artificial IntelligenceNational Economic CycleWealth AccumulationNon-material Production SectorNew Type of Shareholding System
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