Venezuela's oil is also of poorer quality than its Saudi equivalent. Its sour, heavy crude is difficult to extract and refine, while its high sulphur content makes it corrosive to pipelines. A resurgence of Venezuela's industry could pose problems for Canada, which produces similarly viscous oil and exports much of it to the US, but analysts reckon the risk is minor.
AI lets firms strip labor out of production, concentrate profits at the top, and push the risks of transition onto workers and the public—exactly the trajectory the Nobel laureate warns about in his 2024 book, the recently reissued The Road to Freedom: Economics and the Good Society. Now, the economics professor argued in a recent interview with Fortune, AI is emerging as a textbook case of how technology can turbocharge inequality.
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Source: Computational Materials Science, Volume 267
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He also tries to find people who have “interpersonal warmth” and “a desire to make others around them better” — in other words, they are good people.
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