People tend to scoff and tell me to grow up when I say it, but it’s so critical and fundamental… The economy is made up.
All of the “rules” all of the metrics are arbitrary, and usually governments and rich people choose the ones which benefits them most to believe
Food is real. Houses are real. There’s enough for everyone. Maybe, just maybe, we can stop running statistics and making bets on mathematical abstractions on top of abstractions on top of an arbitrary system of abstracting value. Trading stock or investing isn’t actually work, it doesn’t create or change anything, it doesn’t actually do anything for humanity. It’s basically just gambling. Why is it the most profitable behavior in our system? Why are devoting so much of our resources towards it?
I’m utterly convinced AI is going to expose the fallacy of these systems soon. Once everyone has the world’s greatest stock trader in their pocket - once everyone is winning, what’s the point anymore?
That’s assuming you have money to put into stock. Most people are either living paycheck to paycheck or save pennies (relatively speaking), they don’t have anything to invest. AI won’t magically give people money to invest.
This is probably the best example I’ve seen of “let them think you’re an idiot, rather than open your mouth and remove all doubt”.
A. Rude
B. Shawn Fain said basically the same thing during an interview about how striking “hurts the economy”
https://youtu.be/e1RUDd3e0kI?si=RyJlcH_b4T9RTlNg
If the economy doesn’t work for everyone, then I say fuck it
People tend to scoff and tell me to grow up when I say it, but it’s so critical and fundamental… The economy is made up.
All of the “rules” all of the metrics are arbitrary, and usually governments and rich people choose the ones which benefits them most to believe
Food is real. Houses are real. There’s enough for everyone. Maybe, just maybe, we can stop running statistics and making bets on mathematical abstractions on top of abstractions on top of an arbitrary system of abstracting value. Trading stock or investing isn’t actually work, it doesn’t create or change anything, it doesn’t actually do anything for humanity. It’s basically just gambling. Why is it the most profitable behavior in our system? Why are devoting so much of our resources towards it?
I’m utterly convinced AI is going to expose the fallacy of these systems soon. Once everyone has the world’s greatest stock trader in their pocket - once everyone is winning, what’s the point anymore?
Monopoly money
That’s assuming you have money to put into stock. Most people are either living paycheck to paycheck or save pennies (relatively speaking), they don’t have anything to invest. AI won’t magically give people money to invest.
Also a great example of people who don’t have very good reading comprehension here in the comments.
Is this about me?
Rich generally do pretty fine for themselves when the “economy” tanks.
Just look at how much richer they got during the COVID recession lol
Really depends on the industry.