• 0 Posts
  • 4 Comments
Joined 2 years ago
cake
Cake day: June 12th, 2023

help-circle
  • Investors have been happy to incentivise companies to hire idiot CEOs and managers who say the right buzzwords but reduce output by making bad decisions and only hiring people who don’t think they’re bad decisions, so an automated buzzword-dispensing idiot isn’t necessarily going to seem to investors like a downgrade compared to what they think most workers are. They’re just as likely to think AI lets them invest in companies where even the lowest tier employees are potential CEO material, and continue not noticing that the per-employee efficiency keeps going down. Data showing that layoffs nearly never pay for themselves doesn’t stop stock prices soaring whenever one happens, so I wouldn’t expect data showing AI makes companies less profitable to stop stock prices going up when a company announces a new dumb way they’ll use it.



  • The discussion on the talk page was basically nuh uh, loads of reputable sources like the Israeli and German governments say there’s no evidence of genocide, and even if they’re biased, anti-genocide NGOs are more biased because they have to accuse nations of genocide to justify their existence, with people responding to point out that’s not how Wikipedia’s rules work, and if it were, they’d have to rename the pages on various other genocides because there are very few that no nations deny.


  • If you trust Adam Smith, an efficient market would quickly make new goods and services available for the lowest possible price. People are supposed to be incentivised to sell things, and competition is supposed to stop an excessive amount of money being diverted to profits instead of reinvestment and price cuts. There are supposed to be systems in place that ensure that there are always opportunities for competition, but the wealthiest have the most power to erode those mechanisms and the most interest in eroding them, and neoliberals think an Ayn Rand novel is the definitive text on how capitalism works rather than Adam Smith’s work, so even if you land in the capitalism makes everyone better off mode, it doesn’t last for long before it falls back into fuedalism with extra steps mode.