All posts by Stefan Venceljovski

Economic Implications of Sentient Artificial Intelligence – An Ongoing Discussion Paper

Written By: Stefan Venceljovski

The emergence of Sentient Artificial General Intelligence (SAGI) has sparked discussions about its political ramifications and its profound economic implications. This paper delves into the multifaceted influence of SAGI, exploring questions surrounding its definition, potential economic rights, and impact on various industries. Grounded in an analysis of artificial intelligence (AI), AGI, and SAGI, the paper examines the intersection of technological advancement and economic theory. It addresses critical questions, such as whether SAGI should be granted economic rights, the implications for labour markets, and the intellectual property ownership generated by SAGI. Drawing from existing literature and hypothetical scenarios, the paper underscores the importance of establishing ethical frameworks and regulatory guidelines to navigate the complexities of integrating SAGI into economic systems. It emphasizes the need for proactive measures to harness the transformative potential of SAGI while mitigating risks and ensuring shared prosperity in a rapidly evolving technological landscape. Continue reading…

2024 Federal Budget Predictions

Written By: Stefan Venceljovski

The 2024 Canadian Federal Budget is just around the corner, with Deputy Prime Minister and Finance Minister Chrystia Freeland announcing that the new budget will be released on April 16th. This leaves us with much to speculate about, as the government has not been transparent about changes coming down the pipeline. However, some various indicators and reports provide insight into the potential priorities and shifts the government might announce. Drawing from recent articles and announcements, this discussion paper aims to forecast potential budgetary focuses, particularly in light of shifting governmental priorities and public sentiment. Of course, this paper is only speculative and predictive, so take it with a grain of salt. We won’t know the full extent of the government’s plans until we can get our hands on the actual budget.
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Redefining a Middle: An Exploration of the Global Middle in the Case of China and India

Written By: Stefan Venceljovski

This paper explores the transformative shift in global geopolitics, challenging traditional North-South dichotomies and proposing the emergence of a “Global Middle.” Focusing on China and India as examples, it argues that these nations defy conventional categorizations, exhibiting characteristics of both the Global North and South. The analysis delves into economic factors, historical narratives, and geopolitical complexities to redefine our understanding of these countries’ agency on the global stage. The concept of the Global Middle adds nuance to the traditional narrative, emphasizing the need for ongoing exploration and refinement in the ever-evolving paradigm of global geopolitics as it relates to the Global North. Continue reading…

Navigating UBI in Canada – Unraveling Complexities Examining Pros and Cons and Assessing Contemporary Developments

Written By: Stefan Venceljovski

The concept of Universal Basic Income (UBI) is a contentious topic that has seen a lot of news coverage over the last few months in Canada. The basics are simple: UBI provides all citizens of a particular nation or state with a regular, unconditional sum of money, regardless of their employment status (1). However, there is significant nuance in implementing a policy like a UBI. The idea has gained traction globally as a potential solution to economic inequality, the changing nature of work, and the rising cost of living, and this has caused an increasingly complex and contentious conversation that can be difficult to navigate. Continue reading…

Swiftian Economics – Resurgence or Trend?

Written By: Stefan Venceljovski

It is no secret that Taylor Swift is one of, if not the most successful artists to date. Her recent Eras tour has domineered headlines across the world as economists, policymakers, and Swifties alike try to comprehend the massive tyrant of money being injected into local economies and taken out of the pockets of spenders at a time when the geo-economic state of the world is shaky at best. Dubbed Swiftonomics or Swiftian Economics, the phenomenon of the Eras wave has rocked American cities and is expected to rock Toronto to its core. But what is the actual impact of her tour? Moreover, is her success pandemic resurgence, or is there a deeper trend in the history of mega stars propping up economies?

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