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Elite Underproduction

troynikov.io

161–170 of 297 posts

Re: Elite Underproduction

#161

Offtopic, but the article uses and defines "MAGMA", meaning Meta, Apple, Google, Microsoft, and Amazon. That actually makes a lot of sense to me. How did Netflix make it into the usual acronym and not Microsoft?

FAANG was originally a term for high-growth stocks. At the time it was coined, Netflix stock was growing rapidly while Microsoft was not.

Re: Elite Underproduction

#162

Earlier quoted context omitted.

Ok, so besides my use of data which is very difficult to collect and verify, do you disagree with my statements of money failing to map to love and dignity?

GDP per capita maps excellently to dignity. The richer we get the less grinding, soul sucking poverty there is. The fewer children die of easily preventable diseases. The longer people live. The less people work jobs they hate just because they need sustenance. The more people work jobs they like. The more of their life people spend retired or just not working "in education". Insofar as wealth makes life less nasty a…

Point taken, and I agree... somewhat based on how you framed it. I believe that we have long gone past the point where people are questioning whether their needs are going to get met (in the United States, which is all I know well).

I assert that around the 1990s money started to disconnect with utility generation. Instead of the work week reducing in hours, with the advent of telecommunication, we start getting always-on-call jobs, yet people are paid basically the same. Productivity goes parabolic; median wages stay the same. You have to admit that there is something fishy about this, right? I think we basically have found a method to optimize towards a local maximum in productivity, but we are missing the strategies which lead us to a global maximum. And I think this method of optimization towards the maximum is basically serfdom.

Re: Elite Underproduction

#163
post #107

Earlier quoted context omitted.

Right anarchism and left anarchism only really differ in what they predict the steady state of anarchic conditions would be… and the culture of their advocates I suppose.

That's sort of what I'm driving at. I would note that anarcho-capitalists are not pro social hierarchy which is a central belief in right wing political philosophy. Murray Rothbard described the ideology as being neither of the left nor fo the right, basically saying that self ownership is incompatible with both traditions. Notwithstanding Thiel isn't and anarcho-capitalist, he seems in practice to be almost a neocon…

> anarcho-capitalists are not pro social hierarchy

Are you sure about that? I mean, I believe they don't explicitly argue for it. But the ones I've come across seem to be practically in favor of the sort of wealth concentration and freedom of the rich to do as they please that they seem to be effectively in favor of strong social hierarchy.

Re: Elite Underproduction

#164
post #26

Support steers choices for ambitious youth. Those MBAs are deployed to put ears on the ground and markets, to surface consumer needs, generate demand for products at companies, and vet investment worthy projects in the market. They steer capital and engineers where the work is valuable, that makes money, and that fuels the demand for more MBAs. Researchers are building branches in the forest of knowledge, but to do i…

Is their much evidence for your view of MBAs? I understand that's their self-myth, of course. But I don't see much of that in practice. And MBAs play a big role in the more predatory reaches of corporate America. E.g.: https://dealbook.nytimes.com/2009/10/05/buyout-firms-profite...

Re: Elite Underproduction

#165

Earlier quoted context omitted.

There are quite a few places like this: * GTRI * Johns Hopkins Applied Physics Lab * MIT Lincoln Labs * ~All the national labs (NIST, Argonne, etc...) They are still mostly full as I understand. If I was to write an article on what might be improved: We need more translational research (product focused, using existing knowledge) and less academic research. One problem I see is that there just isn't the springboard fr…

" there just isn't the springboard from academic research to commercialization" I worked in tech transfer for a bit. There isn't such a thing as 'translation of science' because knowledge itself is pretty useless, even applied research is. Products - which hopefully embody some of those things - are what people buy and the things that go into making good products are a bit orthogonal to classical R&D approach. Thinki…

Translational research is its own subfield in biotech too. And it's plausibly one key place where a lot of low-hanging fruit might still be hidden, both in biotech and in the harder sciences. In general, it would be nice if academia did its part as an alternate, fully formalized source of what's usually left to tacit "folk" know-how in all sorts of industry-relevant pursuits.

Re: Elite Underproduction

#166
Hot take: There's no such thing as elites..?

Sometimes somebody, irrespective of class or formal education (but not practical education) does something that's actually a pretty big deal. The whole fundament on which humanity rests is actually pretty mundane people doing random stuff. If you're going to point fingers at something, it's probably the pathway to be determined by "society" as an "elite" which is frankly hilariously arbitrary. These paths are becoming increasingly narrow, and their ends are increasingly saturated. This means that people, who ultimately I like to imagine are simply working towards liberating themselves from the system. The system which they never ascented to participation in, but which runs such a perfect monopoly there is hardly a probable escape from. Kinda like some asshole putting together a hot toddy for the first time, why would you put eggs and hot ale together? Or how about the wheeled suitcase?

Were I to want to start a farm, I'd need to buy the property, and to do so I must work within the system for some years either to pay off debts outstanding or else to work until I could satisfy the upfront payment demanded, at that point I'm still subject to laws and codes, not withstanding taxes. I suspect certain portions of these codes necessitate some form of connection which forbids one from wholly living "off-grid". This discounts entirely any extraneous hopes, things like courting and family. In any case this is being drawn further and further from the realm of reasonable aspiration for the vast majority, and so they become increasingly hopeless. Some people are conditioned for groveling, others are not - and this is the emergence of one of the claws of instability.

There is also the consideration that the systems of yore are so thoroughly bred out of the American, and I suspect the Western span, that reliance on your neighbor would be akin to indenture, and soon enough one would find themselves a serf paying tribute to your lord rather than aceding to the satisfaction of a petty debt. It seems to me the only directive of the Western mode is transcending your fellows in the order of social echelon. This whole ideology is obviously flawed. The physicist doesn't exist without the farmer, just as the computer scientist wouldn't exist without the metals miners of the world. If anything we've managed to flip the proper order of the strata on its head, wherein the physicist is prized above those who make it possible for him, and the computer scientist, and the miners all to sustain themselves economically. The reality I think is that we're really all more equal than anyone would like to think, but the Western ideologies so long integrated into our culture have become invisible to its function - and they're wrong, and have been, and most were founded on silly pretense that has been further perverted to the point of total nonsense. From these divisions, a wing of the monstrous chaos is reared.

I imagine most don't want to be working around people who are incentivized to connive and lie for the sake of self. This is precisely what it is that the system as a whole tends to incentivize, and it seems that in the earliest days that criticisms by Amerindians towards their European counterparts espoused precisely that view. I imagine most people actually want legitimate messy, human interaction - this is something we're so averse to in the Western mode of life, that it tends to require a pretty sound cajoling with drugs to encourage and only briefly. And more and more it seems that we're being programmatically goaded into hardline categories through the media apparatus, one would hope automatically, driven by market forces, but the status quo has a vested interest in the division of people into ever-shrinking groups since it delaminates previously cohesive groups into molecules, and finally isolated atomics. This I suspect is the head crowning.

We're inhumane, we're inhuman, our culture is splintering because it has been perverted to the extent that the social contract under which we operate has so long been losing appeal so quickly nobody could possibly anticipate through their lifetime whether their subjugation will be worthwhile. The plainly erring "elite" aren't fit to subjugate a ballpit, let alone the countless masses of the globe. Let it burn.

Re: Elite Underproduction

#167
That as a society so many of our greatest minds are working pointless jobs at banks and hedge funds shows what a truly cancerous and moronic species we truly are

Re: Elite Underproduction

#168
post #98

Earlier quoted context omitted.

Do we need more physics research? I guess it depends a lot on how you define physics, but it seems like outside of possibly better silicon nodes, there isn't a whole lot of low hanging fruit in physics at the moment. When physics does get research funding it gets dropped into building giant machines that, at vast expense, have discovered virtually nothing. It feels like right now most areas of academia are consuming…

"There is nothing new left to be discovered in physics now. All that is left is more and more precise measurement." -- Lord Kelvin, 1900

In addition to all that's been said about this quote, in my view there can actually be new physics in those precise measurements. For instance astronomical measurements are where you learn if there's something wrong with our accounting of the amount of mass in galaxies, or our understanding of gravity.

Now, I'm not personally likely to discover any new physics, but I'm a physicist, and my bag is precision measurement. And it's a blast. It involves not only physics but also often optics, electronics, mechanics, math, and programming. It's recognized as a branch of physics, and is intensely experiment driven. Among the small handful of people who are crazy enough to be interested in all of those things at once, most are physicists.

Precision measurements are also an area where physics discoveries tend to escape the lab and end up in practical use. When a new effect is announced, I always wonder to myself: "When will they turn that effect into a sensor?" I can think of all kinds of measurements that benefit people, including GPS, atomic clocks, and blood oxygen sensors, that are practically all over the place.

Re: Elite Underproduction

#169

I disagree with the article's premises and conclusions, my perspective is that of a physicist who also knows many lapsed physicists. The premise seems wrong in that he disagrees with the elite overproduction thesis, but the professions he lists are " lawyers, MBA holders,..." and later to finance. But these are the professions likely to be zero-sum. So to me the article really is "I agree with the elite overproductio…

> overproduction of physics PhDs relative to academic positions available Why are positions researching physics so closely tied to academic positions? We probably don't need too many more physics professors but we sure could use more physics research. Or maybe better physics research. Either way, more/better physics discoveries. That said, our scientific communication channels seem filled to the brink. So maybe we ne…

> Why are positions researching physics so closely tied to academic positions?

Because it's cheaper that way. A lab that had to pay market-rate salaries would be outcompeted by the ones that sucker grad students with the promise that a few of them might get tenure someday and pay them peanuts in the meantime.

Re: Elite Underproduction

#170
post #153

Earlier quoted context omitted.

> What is the likelihood of discovering a new phenomena or largely unexplored field of science akin to the discovery of electricity and electrochemistry? We have zero idea how gravity works, how to predict the properties of vast stretches of new materials, if the island of stability is real, what the limits to know propulsion technologies are, what the limits to know fusion technologies are, et cetera . And I’m not e…

Part of this question is whether there is a limit to human cognition that we can leverage to answer increasingly difficult questions. It isn't whether there are still unanswered questions. So this is truly an issue of diminishing resources and exhausted low hanging fruit. One of those resources is human cognitive ability, relative to difficulty of finding new discoveries. Just as there are true limits to for example…

> this is truly an issue of diminishing resources and exhausted low hanging fruit

The fulcrum of disagreement is the power of paradigm shifts. Paradigm shifts change how existing knowledge is interpreted, even by a feeble mind. These are, from what we can tell, randomly distributed. There is no indication that we are running out of them. If anything, their rate of discovery is increasing.

Since paradigm shifts are about prospective, not knowledge, there is no reason to believe they are limited. If anything, our growing knowledge base implies the next shifts will be more powerful than the prior ones.

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