Omnicompetent

Granted, management is not omnicompetent; that is why it must rely on the expertise of the workers. But neither are the workers omnicompetent.

To Lippmann, democratic theory presented an idealized vision of omnicompetent citizens capable of making informed decisions leading to wise laws and good government, a condition that plainly did not obtain.

All these claims [about impending societal effects of AI development] are wildly speculative. It’s not certain that today’s AI labs have functioning business models, much less the wherewithal to develop omnicompetent robots. Yet of all the nightmare scenarios spun by fatalistic futurists, AGI-induced neofeudalism strikes me as among the most plausible. […] None of this means that AGI is two years away, as some of the industry’s boosters (and Cassandras) have been prophesying. But it does offer some cause for thinking that economically omnicompetent machines are possible.