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Cake day: March 22nd, 2024

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  • I found the paragraph that best shows why I hate this:

    Globalization became the symbolic villain for the collapse of blue-collar manufacturing communities in America. Entire towns watched factories disappear while political and economic elites insisted the disruption was both inevitable and beneficial.

    This is a basically accurate description of what happened.

    Whether every fear surrounding globalization was technically correct almost ceased to matter politically because millions of people experienced the same emotional reality: the economy was being reorganized for someone else’s benefit while their communities absorbed the damage.

    Again, I this is actually a pretty salient description of what happened. Sure, maybe if you add everything up the benefits outweigh the costs in some abstract way, but it still hurts when those costs are imposed on you and yours without any input. The economic decision-makers decided to sacrifice those people’s livelihoods and their futures in exchange for number go up, and they knew it was happening even as they couldn’t do anything to stop them.

    This whole piece acts like the backlash to outsourcing was irrational and dumb, like those salt-of-the-earth morons didn’t know what was good for them. But the author is either too deep in the neoliberal soup to recognize this as the wrong and cruel argument it is or they recognize this and lack the courage to commit to that position openly.

    AI is increasingly becoming that same symbolic villain for white-collar America

    Emphasis added. I don’t think the villainy behind these AI projects is symbolic at all. Symptomatic of deeper systemic problems maybe, but very real. People aren’t failing to grant this transformative technology it’s moment in the sun, they are clearly seeing the transformation that the tech oligarchs are trying to impose on them and doing their damndest to reject it. This still leaves a whole lot of fights left to decide what the future should look like, but I find it legitimately heartening to see so many people from so many different parts of society coming together and loudly declaring “Not this!”




  • The worst part is that I don’t even disapprove of the project of putting people in space and keeping them alive and making more of the universe permanently habitable/inhabited. But the insistence that at present it should be an immediate priority rather than acknowledging that it’s a curiosity or a challenging test to expand our collective engineering and scientific abilities in ways that can have direct benefits elsewhere is just delusional. Like, the problem is not that we need to go to space now because there are incredible economic opportunities we’re leaving on the table. We should be funding it more just like the rest of basic research, not trying to grift the necessary funds out of a billionaire class who would rather literally light their money on fire than pay it into a democratic government.


  • Yep. The broker is effectively buying at $19.80 and still selling to their customer at $20.00. Now, crypto is actually innovative in just how easy this is to do. In fact it’s almost required since the transactions are processed in bulk and the miners get to decide what order all the transactions in that block go in. The public mempool also means that even if the miners aren’t doing it themselves anyone who wants to front-run basically has a whole conga line of good-faith users (suckers) to get set in front of and identify the most profitable position. Without the miner’s privilege you’ll need to deal with transaction fees and it’s going to be harder to find opportunities, but it’s so easy to search that I wouldn’t expect it to matter.


  • For some reason once you start talking about space people stop thinking about it as one of many alternatives. If you want to think about industrializing space, simply being possible isn’t enough. The unique challenges of operating in orbit (of which cooling is only the most obvious among a great many problems) need to be addressable efficiently enough that sending it up still makes more sense than building it on the ground.

    Microsoft’s experiments with underwater data centers serve as a powerful parallel since it has many of the same challenges but is still significantly cheaper. If it were economical to put a data center in orbit it would be even more economical to put it in an underwater container, so if we aren’t doing the latter we would need a hell of a good reason to do the former. See also the economic challenges of living on Mars, the moon, or even LEO compared to Antarctica or ocean platforms.


  • I think the more telling aspect here isn’t the possible employment impacts, it’s the fact that it’s making all the things it’s supposed to touch worse. Like, the new textile mills may have been massively disruptive to people who had previously been skilled labor, but at least the efficiency gains meant that you could make a lot more cloth a lot faster. The affected workers bore the cost, but anyone could reap (some of) the benefits. But with AI, not only are we seeing the automation impact people’s livelihoods, it’s also making the experience of interacting with all these systems worse. I don’t know how many people outside the tech industry would care about underemployment and retraining for software engineers, but everyone can feel that the systems they rely on are less reliable, more glitchy, and uglier. Combined with the way data centers and AI companies serve as focusing points for people’s concerns, I think there’s decent odds that we see blood regardless of whether the prophecied great replacement (not that one) happens as advertised.


  • I mean, the classical pitch for an IPO is the same as any other large investment, right? You get a great big chunk of capital that you can throw at scaling or improving processes or building our your manufacturing capabilities or whatever, and then that investment of capital in your business in turn generates a financial return for investors. But in an industry and world where venture capital is plentiful, it shouldn’t be surprising that when an IPO rolls around all the low-hanging fruit for improving, scaling, and stabilizing the business have already been done. Instead you’re looking for a way to let your earlier investors liquidate their returns and get actual cash that they can invest in new ventures. In the best case that means that the IPO price doesn’t move very much and it becomes a stable part of the market, but the incentives are all there to make sure the IPO overvalues the company as much as possible. I would need to do more research but I would suspect you can find an inverse relationship between venture funding and public market success in recent years, at least strong enough to expect the wheels to come off when the initial hype is pushed this high.


  • I particularly appreciate the argument he makes about the tech industry pivoting from creating value to exercising control. I disagree that this trend is specific to the tech industry, but with the possible exception of Monsanto they have been the most successful at it.

    With the obvious failings of the American state to perform it’s basic duties and the cross-pollination of the American political and corporate elites it seems plausible that at least some factions in the tech industry are awaiting an opportunity to take advantage of this weakness they’ve created and exercise that control over the functions of the state directly. I feel like I should be saying this into a webcam from behind a cartoonishly-large desk in between shilling for nutritional supplements, but I’d be lying if I said I didn’t fear what rough beast, it’s hour come at last, slouches towards Bethlehem to be born.




  • I’m not going to start a punch-up with a dev team or maintainer who believes that AI tools can help good programmers do good work or whatever, but time and again we see that, just like crypto before it, you aren’t inviting good programmers to work with you. You’re inviting the bros. AI bros and crypto bros are a specific type of Guy. I’m sure there were dotcom bros in the 90s. This is not a new problem, even if the current economic circumstances makes being this type of Guy more viable than ever, apparently.

    It’s not just that the tech is bad (though it is bad), it’s that it’s uniquely privileged by culture and economics to empower the worst assortment of morons and grifters outside of Wall Street (and also inside of Wall Street, because of fucking course it does).







  • Adding on that this does feel like another application or consequence of the Great Man Theory of Everything, the idea the only the people with power and money matter because their power and influence are intrinsic to their person rather than being contingent on their social position. The average people empowered to commit insider trading by prediction markets have sufficiently limited individual agency that even collectively they don’t actually matter. In fact we want them to try their hand at the grift so that their insights can flow to the enlightened ones who can better use that information. They don’t matter enough to do real harm, but by watching the attempt we may be able to learn something.