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[ The Productivity Commission remains a stronghold of neo-classical
economics, incapable of acknowledging the significance of either
political economics or information ecoomics.
[ It's now grasping the Trump-gifted opportunity to block the
possibility of regulation impeding the claimed magic of AI.
[ The irony is that there *is* no meaninfgul regulation of AI, and the
reason that the promised productivity gains aren't being achieved arises
from other factors entirely.
[ As regards the much-feted EU AI Act, "compliance obligations will be
readily avoided by the large majority of providers and deployers of AI
systems. The negative impacts are far more likely to arise from the
failure of the EU and its member-nations to exercise control over
harmful impacts, leading to public distrust, thereby creating the risk
of public backlash, and of non-adoption and even abandonment of
technologies which, with appropriate care, have benefits to offer".
[ I'd very much welcome critique of this analysis:
http://rogerclarke.com/EC/RRE-AIA.html
PC targets AI adoption with new regulatory review
Justin Hendry
Innovation Aus
19 May 2025
https://www.innovationaus.com/pc-targets-ai-adoption-with-new-regulatory-review/
Australia’s regulatory settings for artificial intelligence will go
under the microscope for the second time in two years as part of a
series of inquiries aimed at turning around the country’s sluggish
productivity.
As the government re-sets its sights on the benefits of the technology,
the Productivity Commission on Monday flagged AI as one of 15
productivity drivers deserving of further exploration.
The commission will spend at least the next six months reviewing whether
existing regulation remains “fit-for-purpose in respect of AI
technology” and “what problems or shortfalls there are, if any”.
[ Paywalled ]
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Roger Clarke mailto:[email protected]
T: +61 2 6288 6916 http://www.xamax.com.au http://www.rogerclarke.com
Xamax Consultancy Pty Ltd 78 Sidaway St, Chapman ACT 2611 AUSTRALIA
Visiting Professorial Fellow UNSW Law & Justice
Visiting Professor in Computer Science Australian National University
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