The third way is to build AI technology that empowers the individual against state and corporate power alike. Democracy got us here. It cannot get us out.
Given that we don't have such AI technology at present, would it not be prudent for us to assume that it may not be available imminently and plan for how we can address the problem without it?
AI tools are built and controlled by corporations with a profit motive. They aren't in the business of empowering anyone. If they do then it's just a side effect.
That's not a stable equilibrium. Blogs gave individuals asymmetric control over disseminating information - it didn't last. If you don't create institutions and power structures that cement and defend some ability of individuals, it will decay as that power is usurped by whatever institutions and power structures benefit from doing so.
The third way is to build AI technology that empowers the individual against state and corporate power alike
Ha, I'm OK with that as long as I get to pick the individual!
I mean, an AGI under the control of some individual could indeed make them more powerful than a corporation or even a state but whether increases average individual freedom is another question.
