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The bridge to wealth is being pulled up with AI

danielhomola.com

11–20 of 435 posts

Re: The bridge to wealth is being pulled up with AI

#11
post #2

I 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.

Well, all of the comments on the old submissions were complaining about the essay being AI slop. I haven't read the essay so I couldn't say, but that's clearly the reason why.

Re: The bridge to wealth is being pulled up with AI

#12

Earlier 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…

> before its concentration leads to legislative capture This already happened

We fixed it before and we can fix it again. We need another Roosevelt.

Re: The bridge to wealth is being pulled up with AI

#13

Yep 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…

> those without capital and moats still have the power of writing law

If the divide is over who can write code and who can write statutes enforced by the state, it's obvious that the latter is the one that requires capital and moats, while the former does not.

Re: The bridge to wealth is being pulled up with AI

#16
The future (if we keep using money to allocate resources) is something akin to feudalism but worse. If you are born at the bottom you will never rise to the top. It's bleak. Even worse, your labor will not be needed, nor will your intellectual abilities. There will be a few well off people with capital. The data centers will be guarded by automatons and drones. Everyone else will essentially live in a parallel economy that is borderline biblical. Countries like this already exist in the form of countries with excess access to a single natural resource. See the https://en.wikipedia.org/wiki/Resource_curse

Re: The bridge to wealth is being pulled up with AI

#17

Yep 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…

Counterpoint: Lobbies, fund-raising and SuperPACs. Those without capital lack the influence that those with capital possess with lawmakers.

Re: The bridge to wealth is being pulled up with AI

#19

Earlier quoted context omitted.

> before its concentration leads to legislative capture This already happened

We fixed it before and we can fix it again. We need another Roosevelt.

I wouldn't rely on a single human being to fix this kind of issue. It's only solvable through massive collaboration and communication among those who want to fix it.

Re: The bridge to wealth is being pulled up with AI

#20
This is when I ask sincerely: how does AI truly benefit the average Joe?

Sure it can help you do things “faster” and it can give you “private/cheaper” advice.

But, AI feels increasingly like a thing that will make the powerful a lot more powerful with their data centres and automation shenanigans.

All the hype feels like it’s being injected into everyone’s brain like a virus. Oh look at this shiny new tool! But, how does it actually improve everyone’s life? We’ve gone from AGI to tokens as a service.

Sure, it might cure cancer, but… that’s just uncertain. Sure, we’ll go to space, but… we sure have many problems at home.

I’m completely divided here. I love using these tools, and it makes work enjoyable. But, like we read recently “you’re not your work”.

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