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Whereas Europe, in general, has grown increasingly anxious about technological threats to employment, the United Arab Emirates has enthusiastically embraced the labor-saving potential of AI and automation.For centuries, capital provided investment in machines, workers operated the machines to produce goods and services, and governments collected taxes, furnished public goods, and redistributed resources as needed.With technologies that can produce and distribute most of the goods and services required by what is essentially a leisure society, the existing social contract could actually be enhanced, rather than disrupted.Even here, focusing on AI's potential impact on the relationship between capital and employment is shortsighted.In what could be perceived as a kind of AI utopia, the paradox of a bigger state with a smaller budget could be reconciled, because the government would have the tools to expand public goods and services at a very small cost.Some will view these outlays as unjustified market intervention; others will worry that the government might fail to meet public demand for various goods and services.
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