Automation and its downsides. “In competitive markets, an automating firm captures the full cost savings from replacing workers but bears only a fraction of the resulting demand destruction. In a market with twenty competitors, each firm feels one-twentieth of the… Read More »The Dead Economy Theory
This industry is just weird AF. “My first task was to read a conversation between a user and “the assistant,” one of the major large-language chatbot models. Using a “bible” that dictated how the assistant should respond, I was to… Read More »I Work in Hollywood. Everyone Who Used to Make TV Is Now Secretly Training AI
Extremism and partisanship hurts everyone. “Roughly speaking, we have three major political movements — the MAGA right, the socialist left, and the “woke” left. But none of these seems especially interested in the kind of smart, reasonable policies that would… Read More »America’s political economy is pretty bleak right now
Equasion to make interesting content.
And some history that you should know.
Other stuff matters. “let’s take a step back and use a different example: Child labor. Child labor is very “useful” if you want cheap labor. It’s 100% deplorable to use it or accept it. Child labor is a monstrosity. But… Read More »“Useful” is not sufficient
Is this true or a meme? “With a new kind of monopoly came a new kind of monopolist. As Das argues, Gates was an “early template” for a species of capitalist overlord that has since become excruciatingly familiar: the nerd-bully,… Read More »Whither the Nerd-Bully?
Interesting way to look at your life economic standing. “I have never once considered myself part of the working class.Why not? Because I have never thought of class as being defined by a present snapshot of someone’s lifestyle or material… Read More »I have never been working class
Everyone is using this very old term nowadays.
The process matters.