https://en.wikipedia.org/wiki/Why_Socialism%3F
The article has strong "let them eat cake" vibes
Hypercapitalism and the AI talent wars
131–140 of 256 posts
Re: Hypercapitalism and the AI talent wars
#132Earlier quoted context omitted.
Capitalism is made possible by the people. If it does not serve them well, it should be fixed or abolished.
You underestimate the resources the subset of society who it actually benefits can, will, and do use to distort views on how wide that benefit actually is.
Like all of the startup founders and all of the folks here working at tech companies and investing in their 401ks, happily cashing out RSUs, and such right?
Re: Hypercapitalism and the AI talent wars
#133Earlier quoted context omitted.
You're taking a nuanced view of fundamental thing and completely missing the point. Copyright is bad like inheritance is bad. Arguing about good and bad industrialists is missing the point.
> Copyright is bad like inheritance is bad. How is inheritance bad? Imo, estate taxes are more immoral. Why should the state be allowed a cut of my private assets? Gift taxes are also immoral. Why should I have to pay taxes for giving away assets?
Why should we accept assets can be owned? Your life is a meaningless speck of time in eternity.
Re: Hypercapitalism and the AI talent wars
#134Earlier quoted context omitted.
Off topic, but: Supply and demand says that, if university enrollment drops sharply, the price of a university education should go down. That sounds like good news to me.
In a homo economicus world. They will jack the prices up for the remaining few.
Here in the USA, education at some schools is kind of a luxury good. When the price goes up, the demand increases.
Re: Hypercapitalism and the AI talent wars
#135Earlier quoted context omitted.
Patents and copyrigt laws are immoral.
however they do result in flows of capitals feeding into otherwise unfundable enterprise like R&D; science and engineering, or culture; writing, music, art. Where's the ROI if you invest millions into R&D and your competitor invests $0 and can then just reproduce your works with their logo ontop of yours? To sack off IP and copyright would significantly narrow innovation and result in many artists, scientists and eng…
We can get rid of copyright, patents, trademarks and only have a new right called branding - it allows you to name the thing you invented/created.
In the new world that's incentive for enough people to create. Let knowledge rein free.. bellowing through the lands.
Re: Hypercapitalism and the AI talent wars
#136Earlier quoted context omitted.
There is something immoral about a company saying "we are going to spend $100bn this year on building a LLM" The icing on the cake is when all their competitors say "so will we".
I'm really struggling with seeing how this is immoral.
Just from the environmental perspective is pretty immoral, the energy being consumed it's ridiculous and now every company is in an arms race making it all worse.
Re: Hypercapitalism and the AI talent wars
#137Earlier quoted context omitted.
There is something immoral about a company saying "we are going to spend $100bn this year on building a LLM" The icing on the cake is when all their competitors say "so will we".
I'm really struggling with seeing how this is immoral.
In general, modern English uses “this is immoral” to mean “I don’t like this”. It’s a language quirk. It’s good that you’re asking the whys to get somewhere but I might as well just get to it.
“Immoral”, “should not exist”, “late-stage capitalism” are tribal affiliation chants intended to mark one’s identity.
E.g. I go to the Emirates and sing “We’re Arrrrrsenal! We’re by far the greatest time the world has ever seen”. And the point is to signal that I’m an Arsenal fan, a gooner. If someone were to ask “why are you the greatest team?” I wouldn’t be able to answer except with another chant (just like these users) because I’m just chanting for my team. The words aren’t really meaningful on their own.
Re: Hypercapitalism and the AI talent wars
#138Earlier quoted context omitted.
[flagged]
I don't know about the IT worker part but I dare you to talk about capitalism to the nurses, school teachers and police officers who cannot have lucrative business models like us HN folks.
Are these the same nurses who are anti-vax and the police officers I'm supposed to want to de-fund, or just the ones you're thinking of?
Are you going to be the one to tell the teacher's or police officer's union they have to divest their pension and buy fiat currency? No more stocks allowed!
Re: Hypercapitalism and the AI talent wars
#139Earlier quoted context omitted.
You're taking a nuanced view of fundamental thing and completely missing the point. Copyright is bad like inheritance is bad. Arguing about good and bad industrialists is missing the point.
What about compound interest? After all, inheritance is merely letting wealth continue to compound across generations. But at first glance, the same arguments against inheritance would apply against letting a single person earn interest.
Inheritance is about coming into the world unequal.
Re: Hypercapitalism and the AI talent wars
#140Earlier quoted context omitted.
What about compound interest? After all, inheritance is merely letting wealth continue to compound across generations. But at first glance, the same arguments against inheritance would apply against letting a single person earn interest.
Inheritance is about coming into the world unequal.
If that's the problem, we also need to ban society - cause one can be more prosperous than other, and it disadvantages those born into the latter.