No Result
View All Result
  • Login
Saturday, July 4, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Economy

Magnifica Humanitas, AI, and the State

by theadvisertimes.com
3 weeks ago
in Economy
Reading Time: 3 mins read
A A
0
Magnifica Humanitas, AI, and the State
Share on FacebookShare on TwitterShare on LInkedIn


The encyclical Magnifica Humanitas by Pope Leo XIV is a remarkable text in many ways. It recognizes the dangers of technological concentration and the threat that large private platforms pose to human dignity. The text warns of “social control made possible by the massive collection of data and use of algorithmic systems” and speaks of “the architecture of visibility.” However, it has a blind spot: it does not dare to name states as possible architects of these surveillance structures.

This is astonishing when we consider that history shows us time and again that it is always the state that is the greatest opponent of individual freedoms. The market has its flaws, certainly, but it has the irreplaceable virtue of dispersing power. The state, on the other hand, concentrates it. And concentrating power is, by nature, the greatest threat to individual freedoms.

So what does the encyclical do? Worse than ignoring the danger of the state, it calls on public authorities to regulate, to set the rules. It falls into the trap of believing that the political realm is immune to the flaws that plague individuals in the market: fallibility, weakness, corruptibility. As if the legislator were suddenly exempt from his own human condition.

True humility, the kind the encyclical itself calls for, would consist in accepting that humans are human, and that their qualities and flaws are distributed among all individuals without exception. And this humility leads to an irrefutable logical deduction: if the regulator is also fallible and corruptible, then centralized regulation is dangerous by its very nature. It merely shifts the problem of power concentration, or rather, it worsens it, because it makes that concentration legal and permanent, backed by the full coercive force of the state.

The true response to technological concentration is not state-based; it is subsidiarity. The encyclical itself reminds us of this by calling for the humanization of technology by individuals, communities, and intermediary bodies. This is a central and essential point, perhaps the only possible response to the issues raised by the encyclical. This reminder of the principle of subsidiarity may well be the most important passage of the text.

The encyclical itself emphasizes this point:

If every woman and man is called to take ownership of his or her own life and to contribute to the formation of society, then social institutions must also respect and support this responsibility. The Social Doctrine of the Church refers to subsidiarity as the principle according to which the role of individuals, families, local communities and intermediary organizations should not be supplanted by higher-level authorities. Moreover, higher-level institutions must recognize, protect and promote the freedom and creativity of lower-level entities, coordinating their contributions so that they can cooperate effectively for the common good.

In Catholic doctrine, the principle of subsidiarity is therefore above all a principle of dispersing power, of limiting authority, of healthy skepticism toward concentration. Applied to technology, it implies a world in which thousands of actors, large and small, develop, use and shape AI without any of them holding a monopoly on the decision over its use.

This is how, when everyone plays on a level field, good actions triumph over bad ones. A Catholic shapes the world far more durably through just, virtuous and free action than any powerful person can through coercive and disembodied action. The only true protection against human fallibility is not to elevate one man above the others; it is to ensure that no man can impose his fallibility on everyone.

This is where the Austrian School provides a perspective that complements this vision of subsidiarity perfectly. By understanding how monopolies emerge in the market, the Austrians immediately identify the cause of the problem that the encyclical confuses with its solution: the state.

In reality, the market is already regulated, and norms are already in place. The monetary mechanisms of central banks already ensure that capital and power are concentrated mechanically toward large companies, and prevent the emergence of competitors, which are the only natural forces capable of contesting these monopolies.

By placing the individual at the center of the economy and society, the Austrians also understand that the natural solution to these concentrations of power must be sought not from above, but from below—where people, families, and communities live; exactly where Catholic subsidiarity already places primary responsibility.

The encyclical is right on many points, but it overlooks an essential threat by mistaking it for a possible solution. Subsidiarity is the only coherent response to the risk of power concentration. And this is precisely why the reading of Magnifica Humanitas must be complemented with a healthy dose of skepticism toward all those who, under the guise of protecting the common good, in fact aspire to define it alone.

The true alternative to “power concentrated in the hands of a few” who set “the rules of visibility” is not more state intervention, it is that no one—absolutely no one, legislators included—should ever write the rules for everyone else.



Source link

Tags: HumanitasMagnificastate
ShareTweetShare
Previous Post

Hotel approved for Ben Gurion Airport

Next Post

The pros and cons of rolling over a client’s 401(k)

Related Posts

Coffee Break: Apathetic Americans, Science Agonistes, and Cool Science

Coffee Break: Apathetic Americans, Science Agonistes, and Cool Science

by theadvisertimes.com
July 3, 2026
0

Part the First: Jessica Wildfire on Apathetic Americans.  As a paid-up member of the Professional Managerial Class who came from...

Christine Lagarde says early ECB exit ‘possible’ as election looms

Christine Lagarde says early ECB exit ‘possible’ as election looms

by theadvisertimes.com
July 3, 2026
0

The European Central Bank's Christine Lagarde has declined to rule out an early end to her term as president, as...

The Rise and Fall of Rational Control: Mansfield’s “Effectual Truth”

The Rise and Fall of Rational Control: Mansfield’s “Effectual Truth”

by theadvisertimes.com
July 3, 2026
0

Harvey C. Mansfield tells us that “this book is based on lectures from the Harvard University course History of Modern...

Freddy the World Cup Tourist and Tocqueville’s Hopes for America

Freddy the World Cup Tourist and Tocqueville’s Hopes for America

by theadvisertimes.com
July 3, 2026
0

In the 1830s, a French aristocrat named Alexis de Tocqueville traveled through the United States and returned home with Democracy...

The Moniker Millionaire, Billionaire, and Trillionaire are just a Reflection of Inflation

The Moniker Millionaire, Billionaire, and Trillionaire are just a Reflection of Inflation

by theadvisertimes.com
July 3, 2026
0

Investors had their eyes to the skies last Friday riding Elon’s SpaceX rocket, making him the world’s first trillionaire. John...

Living in a Ghost Town: The Geography of Depopulation and Aging

Living in a Ghost Town: The Geography of Depopulation and Aging

by theadvisertimes.com
July 3, 2026
0

Yves here. Some of the mill towns, or towns in which I lived that had mills as significant employers, have...

Next Post
The pros and cons of rolling over a client’s 401(k)

The pros and cons of rolling over a client's 401(k)

Gold Correction Shows Why Safe-Haven Trades Can Become Overcrowded

Gold Correction Shows Why Safe-Haven Trades Can Become Overcrowded

  • Trending
  • Comments
  • Latest
Should You Offer a Concession to Get Your Apartment Leased Faster?

Should You Offer a Concession to Get Your Apartment Leased Faster?

June 15, 2026
5 things financial therapists want every advisor to know

5 things financial therapists want every advisor to know

June 26, 2026
Understanding risk remains a major investor blind spot: TIAA Institute

Understanding risk remains a major investor blind spot: TIAA Institute

June 5, 2026
Weekend Reading For Financial Planners (June 27–28)

Weekend Reading For Financial Planners (June 27–28)

June 26, 2026
9 Best Cheap Cell Phone Plans That Will Save You Money

9 Best Cheap Cell Phone Plans That Will Save You Money

June 3, 2026
Prime Day, June 2026: How Retailers Competed With Amazon

Prime Day, June 2026: How Retailers Competed With Amazon

June 29, 2026
America’s Greatest Threat Is Internal Division

America’s Greatest Threat Is Internal Division

0
Sanmina Plunges 10.6% Amid Sector-Wide Selling

Sanmina Plunges 10.6% Amid Sector-Wide Selling

0
America 250: 50 States, One Single Union

America 250: 50 States, One Single Union

0
What’s behind the shekel’s sudden weakness?

What’s behind the shekel’s sudden weakness?

0
Is Walmart Open or Closed on Fourth of July? Here’s What to Know

Is Walmart Open or Closed on Fourth of July? Here’s What to Know

0
Bitcoin and ethereum prices today, Friday, July 3, 2026: ‘Green’ July off to a solid start

Bitcoin and ethereum prices today, Friday, July 3, 2026: ‘Green’ July off to a solid start

0
America 250: 50 States, One Single Union

America 250: 50 States, One Single Union

July 4, 2026
Yes Bank Q1 business update: Advances rise 18% to Rs 2.85 lakh crore, deposits up 14%

Yes Bank Q1 business update: Advances rise 18% to Rs 2.85 lakh crore, deposits up 14%

July 4, 2026
Is Walmart Open or Closed on Fourth of July? Here’s What to Know

Is Walmart Open or Closed on Fourth of July? Here’s What to Know

July 4, 2026
Gold Rally Sparks Fresh Doubts About the Federal Reserve’s Next Move

Gold Rally Sparks Fresh Doubts About the Federal Reserve’s Next Move

July 3, 2026
SOL Tops  As Solana Network Activity Surges

SOL Tops $83 As Solana Network Activity Surges

July 3, 2026
I use an AI as an external hard drive for my own memory, and the strange part is how much better my thinking got once I stopped asking my brain to store everything

I use an AI as an external hard drive for my own memory, and the strange part is how much better my thinking got once I stopped asking my brain to store everything

July 3, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • America 250: 50 States, One Single Union
  • Yes Bank Q1 business update: Advances rise 18% to Rs 2.85 lakh crore, deposits up 14%
  • Is Walmart Open or Closed on Fourth of July? Here’s What to Know
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.