The whole thing was a scam
garymarcus.substack.com
The whole thing was a scam
1–10 of 347 posts
Re: The whole thing was a scam
#2"On the very same day that Altman offered public support to Amodei [CEO of Anthropic], he signed a deal to take away Amodei’s business, with a deal that wasn’t all that different. You can’t get more Altman than that."
Re: The whole thing was a scam
#3PS: If openly bribing a crony gov to cancel your competitor is now the de-facto standard of making business in the US, I don't see how any rational investor could still see US companies as a secure investment. When the rule of law degrades into pay-to-play politics, the inevitable result is a mass exodus of both capital and top-tier talent.
Re: The whole thing was a scam
#4PS: If openly bribing a crony gov to cancel your competitor is now the de-facto standard of making business in the US, I don't see how any rational investor could still see US companies as a secure investment. When the rule of law degrades into pay-to-play politics, the inevitable result is a mass exodus of both capital and top-tier talent.
> If openly bribing a crony gov to cancel your competitor is now the de-facto standard of making business in the US
It very clearly is, the present AI instance is far from the only recent case.
> I don't see how any rational investor could still see US companies as a secure investment.
They evaluate the propensity and ability to profitably engage in open corruption the same as they evaluate other capacities of the company. “Secure” isn't a binary category, and the risk here is much like any other risk.
> When the rule of law degrades into pay-to-play politics, the inevitable result is a mass exodus of both capital and top-tier talent.
That is the expected result of increasing perceived risk. yes, probably one of those “slowly and then all at once” things.
Re: The whole thing was a scam
#5> but after Brockman had donated 25M to Trump’s PAC
> In capitalism, the market decides.
> In oligarchy, connections and donations decide.
Author is confused about what Capitalism is. It worked exactly as expected, Capital used itself to advance it's own needs - maximizing (own) growth.
Capitalism is not about markets, it's about Capital.
There is a reason why lobbying is an accepted practice in one of the most Capitalistic countries in the world, and generally forbidden in Socialist EU.
Re: The whole thing was a scam
#6> In oligarchy, connections and donations decide. It sure look like the US is transitioning from the former to the latter
Transitioning? That happened post WW2. How many more wars in the Middle East do we need to convince people?
Though, I think it’s hard for Marcus’ generation to see this. Odd given Vance’s connections to Thiel et al.
Re: The whole thing was a scam
#7This https://x.com/UnderSecretaryF/status/2027594072811098230 is the simplest and most logical explanation as to what happened. The disagreement was over who would be the arbiter of "lawful usage" of the technology, the US government or Amodei.
Re: The whole thing was a scam
#8PS: If openly bribing a crony gov to cancel your competitor is now the de-facto standard of making business in the US, I don't see how any rational investor could still see US companies as a secure investment. When the rule of law degrades into pay-to-play politics, the inevitable result is a mass exodus of both capital and top-tier talent.
>I don't see how any rational investor could still see US companies as a secure investment.
2025 was also the first year that the majority of stocks were traded off-market (i.e. hedgie darkpools, no public price discovery).
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Hope ya'll bought your gold before Monday.
#RemindMe2days [gold@5290USD, this post]
Re: The whole thing was a scam
#9> In oligarchy, connections and donations decide. It sure look like the US is transitioning from the former to the latter Transitioning? That happened post WW2. How many more wars in the Middle East do we need to convince people? Though, I think it’s hard for Marcus’ generation to see this. Odd given Vance’s connections to Thiel et al.
> Transitioning?
To be fair, there has been a notable recent shift in the sense that nobody even tries to hide what is going on anymore.
We've moved beyond manufacturing consent to ass out corruption on full display, "try to stop me."
Re: The whole thing was a scam
#10What does this have to do with AI capabilities specifically?
This is literally the politics of running massive business interests, which I understand is relevant for technology and everything…
… but isn’t Gary Marcus’s whole game that AI is not capable and people are wrong/lying about AI tech capabilities?
I feel like this is a handy moment for Gary where he can say he could basically ignore all of his previous claims (because they’re all technically wrong) and shift into “AI is bad for society because it’s more crony capitalism” or something kind of muddy argument.