The bridge to wealth is being pulled up with AI
danielhomola.com
The bridge to wealth is being pulled up with AI
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Re: The bridge to wealth is being pulled up with AI
#2I resubmitted this because somebody flagged the original submission for unclear reasons and it had quite a lot of upvotes in a short time.
Perhaps some people are offended by this argument, but it's definitely worthy of a discussion instead of censorship.
Re: The bridge to wealth is being pulled up with AI
#3Yep it is definitely being pulled up. The economy feels more winner takes all than ever. After this transition how can anyone without existing capital and moats compete?
Re: The bridge to wealth is being pulled up with AI
#4Yep it is definitely being pulled up. The economy feels more winner takes all than ever. After this transition how can anyone without existing capital and moats compete?
The piece gets into that in extensive detail that you should totally go read, but the long and short of it is that even those without capital and moats still have the power of writing law, and we need to exercise that early and often to redistribute capital before its concentration leads to legislative capture.
In other words, the obligations of those without Capital is to write laws that demand the benefits of Capital be shared with all.
Re: The bridge to wealth is being pulled up with AI
#5Yep it is definitely being pulled up. The economy feels more winner takes all than ever. After this transition how can anyone without existing capital and moats compete?
the key part is 'more than ever', earlier the first world was happy with the status quo in general
Re: The bridge to wealth is being pulled up with AI
#6Yep it is definitely being pulled up. The economy feels more winner takes all than ever. After this transition how can anyone without existing capital and moats compete?
The piece gets into that in extensive detail that you should totally go read, but the long and short of it is that even those without capital and moats still have the power of writing law, and we need to exercise that early and often to redistribute capital before its concentration leads to legislative capture. In other words, the obligations of those without Capital is to write laws that demand the benefits of Capit…
> even those without capital and moats still have the power of writing law,
In the country where I live, politicians pass laws to serve their corporate donors, not the voters. This results in regulatory capture, as the law works to protect the already-entrenched players. Democracy is just another institution co-opted by money.
I don't see any realistic way to use democracy to get out of this.
Re: The bridge to wealth is being pulled up with AI
#7Yep it is definitely being pulled up. The economy feels more winner takes all than ever. After this transition how can anyone without existing capital and moats compete?
The piece gets into that in extensive detail that you should totally go read, but the long and short of it is that even those without capital and moats still have the power of writing law, and we need to exercise that early and often to redistribute capital before its concentration leads to legislative capture. In other words, the obligations of those without Capital is to write laws that demand the benefits of Capit…
> before its concentration leads to legislative capture
This already happened
Re: The bridge to wealth is being pulled up with AI
#8It is already pulled up before, AI just pulls faster
Re: The bridge to wealth is being pulled up with AI
#9Yep it is definitely being pulled up. The economy feels more winner takes all than ever. After this transition how can anyone without existing capital and moats compete?
The piece gets into that in extensive detail that you should totally go read, but the long and short of it is that even those without capital and moats still have the power of writing law, and we need to exercise that early and often to redistribute capital before its concentration leads to legislative capture. In other words, the obligations of those without Capital is to write laws that demand the benefits of Capit…
> before its concentration leads to legislative capture.
Oops! 16 years too late, at least here in the USA.
Re: The bridge to wealth is being pulled up with AI
#10Earlier quoted context omitted.
The piece gets into that in extensive detail that you should totally go read, but the long and short of it is that even those without capital and moats still have the power of writing law, and we need to exercise that early and often to redistribute capital before its concentration leads to legislative capture. In other words, the obligations of those without Capital is to write laws that demand the benefits of Capit…
> even those without capital and moats still have the power of writing law, In the country where I live, politicians pass laws to serve their corporate donors, not the voters. This results in regulatory capture, as the law works to protect the already-entrenched players. Democracy is just another institution co-opted by money. I don't see any realistic way to use democracy to get out of this.
Especially with the way “the law” works now-a-days:
Donors, lobbyists, and ring kissers driving what’s instituted.