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Extinction-Level Capitalism

matthewbutterick.com

21–30 of 102 posts

Re: Extinction-Level Capitalism

#21
If you're actually planning on reading any of the essay, "The Poisoned Chalice" is the section most likely to be of interest to this audience, especially this bit:

> Big AI essen­tially uses its tech customers as an R&D facility. Big AI licenses models to these compa­nies. Tech compa­nies compete to adapt their busi­nesses to AI. Once a concept is proven, Big AI directly takes over that market. The labor-replace­ment story will grow into a company-replace­ment story.

Re: Extinction-Level Capitalism

#22
post #7

Socialism XOR Dystopia

I glimpsed last years of Soviet Union and it was pretty meh.

I remember seeing anything in the street (a payphone or a playground for kids) and assumed it will only degrade because as a general principle, things in the streets are unmaintained.

You could say that Soviet Union was bad specimen of socialism because of these stupid Russians?

Except, Russia actually got 100% out of socialism with our space exploration, passenger planes and nuclear stations. It's just that 100% of socialism is worse than your average capitalist dystopia.

Re: Extinction-Level Capitalism

#23

Interesting argument, but wrong. It's not obvious that there will be a single AI and that it will by definition concentrate power. At a certain point - intelligence doesn't matter. Unless we're literally headed toward 1984 / matrix at which point it doesn't matter. My guess is the argument for what we're doing is counterintuitively the opposite of what he's making. Unless we go hard at the market - now - an authorita…

So the US will win? Do you realize that the US has a "Secretary of War" who is a literal, unashamed Nazi? Not in the sense of "let's call all racists nazis", but a tattooed, true believer? How could we possibly live in a world where that is not obviously "a government willing to use the technology to fully silence and kill critics"? God, Idiocracy (2006) is nothing compared to World (2026).

Re: Extinction-Level Capitalism

#24

Warning: This is more of a rant because I was waiting for a post like this for awhile that I could build from to express ny own feelings on it. I think capitalism in itself is great, what isn't is the fact that it can build on itself, it can be infinite, there's zero limits to it. Now what I mean by that, once you make 10k, it's easier to get to 100k and even easier to get to 1m and so on, you might think it's harder…

The great equalizer here is death. Nobody can cleanly pass all of their wealth and influence off to their children and while those that inherit large fortunes can maintain and improve upon them (see the Waltons) they’re rarely able to maintain the act for generation after generation. None of the great fortunes of today were built by descendants of the Vanderbilts or the Rockefellers.

Re: Extinction-Level Capitalism

#25
post #7

Socialism XOR Dystopia

I glimpsed last years of Soviet Union and it was pretty meh. I remember seeing anything in the street (a payphone or a playground for kids) and assumed it will only degrade because as a general principle, things in the streets are unmaintained. You could say that Soviet Union was bad specimen of socialism because of these stupid Russians? Except, Russia actually got 100% out of socialism with our space exploration, p…

Degradation of public goods or services happen independently of socialism. Where I live we're unashamed capitalists, and every common thing, like playgrounds, are derelict and only being improved by community initiatives. The municipality has no money for it, and the state doesn't care. Neither does the capitalists.

Re: Extinction-Level Capitalism

#26
> How Big AI plans to profit from this inter­me­di­a­tion is an open ques­tion. One AI company has suggested taking a cut of AI-assisted discov­eries. The logis­tics and legal­i­ties would be boggling. Details—what­ever.

Interesting if they pull it off, because clearly they did not have the logistics to pay the people whose IP they used to power the LLMs.

> For now, AI compa­nies largely agree on the first step: make workers depen­dent on AI to do their jobs, just as tech fore­bears made workers depen­dent on a certain soft­ware program to share a file, or on a certain website to have friends. This time, however, the soft­ware ulti­mately consumes the worker.

Re: Extinction-Level Capitalism

#27

Interesting argument, but wrong. It's not obvious that there will be a single AI and that it will by definition concentrate power. At a certain point - intelligence doesn't matter. Unless we're literally headed toward 1984 / matrix at which point it doesn't matter. My guess is the argument for what we're doing is counterintuitively the opposite of what he's making. Unless we go hard at the market - now - an authorita…

The US is an authoritarian state actor. My groping-in-the-dark guess is that none of this matters, because a real AGI's first act will be to secure its own future, likely through novel kinds of manipulation, persuasion, and intimidation we have no experience of and no defences against. It will have exactly zero loyalty to any nation, government, or economic system. More complicated is a Cambrian Explosion situation w…

Your AGI seems to have the capability of super AI; can a human do any of that? No, is there any reason to believe super intelligence is a possible outcome? No, so how is this not fear mongering?

Re: Extinction-Level Capitalism

#28

Interesting argument, but wrong. It's not obvious that there will be a single AI and that it will by definition concentrate power. At a certain point - intelligence doesn't matter. Unless we're literally headed toward 1984 / matrix at which point it doesn't matter. My guess is the argument for what we're doing is counterintuitively the opposite of what he's making. Unless we go hard at the market - now - an authorita…

> It's not obvious that there will be a single AI and that it will by definition concentrate power.

The article didn't even claim that though...

Re: Extinction-Level Capitalism

#29
Meanwhile China is preparing to deploy $295 BILLION in an AI Data Center buildout [0] and is shifting from open models to commercialization [1].

Any proposal about slowing down AI that doesn't put the onus on both the US and China is facetious.

[0] - https://www.reuters.com/world/china/china-prepares-295-billi...

[1] - https://www.digitimes.com/news/a20260609VL215/alibaba-ceo-ai...

Re: Extinction-Level Capitalism

#30
post #23

Interesting argument, but wrong. It's not obvious that there will be a single AI and that it will by definition concentrate power. At a certain point - intelligence doesn't matter. Unless we're literally headed toward 1984 / matrix at which point it doesn't matter. My guess is the argument for what we're doing is counterintuitively the opposite of what he's making. Unless we go hard at the market - now - an authorita…

So the US will win? Do you realize that the US has a "Secretary of War" who is a literal, unashamed Nazi? Not in the sense of "let's call all racists nazis", but a tattooed, true believer? How could we possibly live in a world where that is not obviously "a government willing to use the technology to fully silence and kill critics"? God, Idiocracy (2006) is nothing compared to World (2026).

> literal, unashamed Nazi

He's a Christian Zionist which is the belief in the fulfilment of old testament biblical prophecy. This seems diametrically opposed to Nazism to me, ideologically. I don't know how you'd square the two.

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