• 2 Posts
  • 111 Comments
Joined 4 years ago
cake
Cake day: August 2nd, 2020

help-circle





  • It’s a rich peoples game. Those with mere pittance to invest will not end up with much even if they live a very long natural life and do not touch a penny of whatever they could invest until their death bed. Even then they’ve have to wait until the very end for that pittance. The whole thing is based on having a enough wealth such that small percentage returns equate to a lot in absolute value. A small or even larger than average percentage return from relatively little wealth is still very little.

    To change any of this would be to change the underlying issues of unequal distribution of wealth. The stock markets are derivative. If more had wealth then obviously they’d be investing more. It’s not the other way around.

    Some believe they can cheat code their way to the other side by gambling which is not investing. Seems to have become popular again in recent times after certain cultural phenomenons. That again does not change underlying issues. A few lottery winners and many more silent losers only serves to amplify inequality.






  • The internet had a social contract. The reason people put effort into brain dumping good posts is because the internet was a global collaborative knowledge base for everybody.

    Of course there were always capitalists who sought to privatize and profit from resources. The source materials were generally part of the big giant digital continuum of knowledge. For the parts that weren’t there we’re anarchists who sought to free that knowledge for anyone who wanted to access it.

    AI is bringing about the end of all this as platforms are locking down everything. Old boards and forums had already been shuttering for years as social media was centralizing everything around a few platforms. Now those few platforms are being swallowed up by AI where the collective knowledge of humanity is being put behind paywalls. People no longer want to work directly for the profit of private companies.

    Capitalists can only see dollar signs. They care not for the geological epoch scale forces of nature required to form petroleum. All that matters is can it all be sold and how quickly. Nor do they care for environmental damages they cause. In the same way the AI data mining do not care for the digital ecological disaster they are causing.

    More over it’s a thought terminating cliche when someone says, “<thing> existed before so why’s it suddenly a problem?”. It seems to be yet another out of the bag of rhetorical tricks that wipes the slate of discourse clean. As if all the arguments against it suddenly need to be explained as if none of it had any validity. Not only that but the OPs are often seemingly disingenuously naive. It provides the OP with a blank slate to continually “just ask questions”. Where every response is “but why?” which forces their interlocutors to keep on elaborating in excruciating detail to the point where they give up trying to explain minutiae. Thus the OP can conclude by default they were correct that it’s not a problem after all because they declare nobody has provided them with answers to their satisfaction.








  • Why does this have to be a two sides thing? Is this underpinned by the culture war bullshit? I can’t tell and I can’t be assed to deep dive into every spat to untangle all the reading between the lines.

    I’m surprised they found that there is no evidence that using these platforms is “rewiring” children’s brains. Wasn’t it shown that social media companies base pretty much their entire technical decision making on psychologically conditioning not just children’s brains but everyone who uses it? So the evidence now shows that these are benign after all? Zuckerberg and Dorsey and Huffman never had us trapped in infinite scroll fine tuning the knobs to keep us teetering on the brink? There’s some discrepancy here.

    I don’t see what the divide is anyways. Social media is all about things like violence, structural discrimination, sexual abuse, substance abuse. It’s odd the book author is saying these are non-issues. Seems like he is taking a rather shallow view.

    Also teenagers have been using the broader definition of social media for decades.