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VC Bill Gurley notes that Pope Francis's AI encyclical intentionally mirrors one from 1891 by Pope Leo XIII, which warned against the Industrial Revolution. That prediction was spectacularly wrong, as technology led to massive gains in wages, life expectancy, and prosperity.

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The hosts argue there's no modern tech parallel to AI's disruptive potential, comparing it instead to the Industrial Revolution. This analogy suggests an initial period of public fear, genuine short-term problems, and job displacement, followed by the technology becoming completely normalized and integrated into society.

The Pope’s critique of AI is a sophisticated argument against elevating efficiency to a divine status. Using the 'Tower of Babel' metaphor, he warns that optimizing for perfection inadvertently devalues the beautifully imperfect, divine spark within every human.

The Pope's critique of AI focuses on the people behind it. He argues the technology isn't inherently good or evil but absorbs the characteristics of the small, powerful group that designs and funds it, risking the creation of a new oligarchy.

Pessimism about AI-driven job losses overlooks historical precedent. The transition from an agricultural to an industrial economy caused massive job displacement but ultimately created far more new jobs. Similarly, AI will likely generate new, currently unimaginable roles and industries.

Contrary to common belief, new research suggests the Industrial Revolution's new technologies spread too slowly to cause immediate, widespread job loss. Wages held steady despite rapid population growth, a historically positive outcome. This provides a data-backed counter-narrative to fears of rapid, AI-driven unemployment, suggesting a more gradual transition is likely.

The encyclical was deliberately released on the 135th anniversary of *Rerum Novarum*, a papal letter addressing the Industrial Revolution. This frames the AI revolution as a parallel historical event, focusing on protecting workers and human dignity amidst profound technological change, grounding modern AI ethics in historical Catholic social teaching.

The Pope's encyclical advocates for establishing 'social criteria for innovation' before AI is widely deployed. It calls for verifiable measures to protect employment and retrain workers *alongside* the introduction of automation, shifting the policy focus from reacting to job losses to proactively shaping technology for human benefit.

Throughout history, new technologies have been met with "doom and gloom" predictions that rarely materialize. The fear that email would create a "paperless society" and bankrupt paper companies is a prime example of getting it wrong. This historical perspective suggests today's most dire predictions about AI are also likely incorrect.

With pronouncements on AI's impact on human dignity, Pope Leo XIV is framing the technology as a critical religious and ethical issue. This matters because the Pope influences the beliefs of 1.4 billion Catholics worldwide, making the Vatican a powerful force in the societal debate over AI's trajectory and regulation.

Zack Kass argues that similar to the European Renaissance, which followed the bleak Middle Ages, our current era of rapid technological change is perceived with doom and gloom. This historical parallel suggests our societal pessimism is a feature of transformative periods, not a sign of actual decline.