Today’s society is overly focused on left-brain thinking and ROI, and AI is exacerbating this issue, threatening to make much of the population worthless.
Tech billionaires should use their fortunes to bring about a new Renaissance through Magnificenza, or “a fitting expenditure involving great wealth” that benefits the public, such as public works and cultural projects.
Similarities between today’s society and that of Florence before the Renaissance include declining trust in institutions, concentration of wealth, and people starved for beauty and meaning.
Tech billionaires are well placed to fund Magnificenza, and the competitive element of this could accelerate the trend.
Magnificenza will attract the best talent and promote innovation, acting as a bridge between profit and collective good.
Capitalism has given the world longer, healthier lives and better jobs, but applying right-brained thinking to the application of profits can make it even better.
