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Javier E

Bill Gates Says AI Is the Most Revolutionary Technology in Decades - WSJ - 0 views

  • “The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone,” he wrote in a blog post on Tuesday. “Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.”
  • “The rise of AI will free people up to do things that software never will—teaching, caring for patients, and supporting the elderly, for example,”
  • AI could also help scientists develop vaccines, teach students math and replace jobs in task-oriented fields like sales and accounting
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  • “We should keep in mind that we’re only at the beginning of what AI can accomplish,” he wrote. “Whatever limitations it has today will be gone before we know it.”
  • “We should try to balance fears about the downsides of AI—which are understandable and valid—with its ability to improve people’s lives.”
Javier E

Life Is Worse for Older People Now - The Atlantic - 0 views

  • A major reason older people are still at risk is that vaccines can’t entirely compensate for their immune systems. A study recently published in the journal Vaccines showed that for vaccinated adults ages 60 and over, the risk of dying from COVID versus other natural causes jumped from 11 percent to 34 percent within a year of completing their primary shot series
  • A booster dose brings the risk back down, but other research shows that it wears off too. A booster is a basic precaution, but “not one that everyone is taking,”
  • Unlike younger people, most of whom fully recover from a bout with COVID, a return to baseline health is less guaranteed for older adults. In one study, 32 percent of adults over 65 were diagnosed with symptoms that lasted well beyond their COVID infection
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  • For every COVID death, many more older people develop serious illness. Risk increases with age, and people older than 70 “have a substantially higher rate of hospitalizations” than those ages 60 to 69,
  • Where America has landed is hardly a new way of life but rather one that is simply more onerous. “One way to think about it is that this is a new risk that’s out there” alongside other natural causes of death, such as diabetes and heart failure,
  • The antiviral Paxlovid was supposed to help blunt the wave of old people falling sick and ending up in the hospital—and it can reduce severe disease by 50 to 90 percent. But unfortunately, it is not widely used; as of July, just a third of Americans 80 or older took Paxlovid.
  • The reality is that as long as the virus continues to be prevalent, older Americans will face these potential outcomes every time they leave their home. That doesn’t mean they will barricade themselves indoors, or that they even should. Still, “every decision that we make now is weighing that balance between risk and socialization,”
  • Persistent coughs, aches, and joint pain can linger long after serious illness, together with indirect impacts such as loss of muscle strength and flexibility, which can affect older people’s ability to be independent, Rivers said. Older COVID survivors may also have a higher risk of cognitive decline. In some cases, these ailments could be part of long COVID, which may be more prevalent in older people.
  • Before the pandemic, the association between loneliness and higher mortality rates, increased cardiovascular risks, and dementia among older adults was already well established. Increased isolation during COVID amplified this association.
  • Even older adults who have weathered the direct and indirect effects of the pandemic still face other challenges that COVID has exacerbated. Many have long relied on personal caregivers or the staff at nursing facilities. These workers, already scarce before the pandemic, are even more so now because many quit or were affected by COVID themselves
  • “Long-term care has been in a crisis situation for a long time, but it’s even worse now,” Muramatsu said, noting that many home care workers are older adults themselves
  • Older people won’t have one single approach to contending with this sad reality. “Everybody is trying to figure out what is the best way to function, to try to have some level of everyday life and activity, but also keep your risk of getting sick as low as possible,”
  • Again, many of these people did not have it great before the pandemic, even if the rest of the country wasn’t paying attention. “We often don’t provide the basic social support that older people need,” Kenneth Covinsky, a clinician-researcher at the UCSF Division of Geriatrics, said. Rather, ageism, the willful ignorance or indifference to the needs of older people, is baked into American life.
  • It is perhaps the main reason older adults were so badly affected by the pandemic in the first place, as illustrated by the delayed introduction of safety precautions in nursing homes and the blithe acceptance of COVID deaths among older adults. If Americans couldn’t bring themselves to care at any point over the past three years, will they ever?
Javier E

How Sunak may succeed in stopping the boats - 0 views

  • After all, much as its backbenchers huff and puff, even Labour has admitted an important principle: there is a limit to the number of refugees this country can accept.
  • In parliament on Monday, the shadow immigration minister, Stephen Kinnock, said explicitly that “safe and legal routes” for immigration must be “capped” and “based on prioritisation”
  • With an estimated 32.5 million refugees in the world, this ought to be a statement of the obvious
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  • yet it is one the government’s opponents are always reluctant to admit because its logical corollary is that there will always be an incentive for those not included under the cap to try their luck in the Channel — unless they perceive a high risk of deportation. You cannot stop the boats while taking in the passengers.
  • Sunak’s policy, despite its logic, faces a tortuous road ahead. To ministers’ surprise, they won their case on the Rwanda scheme in British courts last year, only to have the first flight blocked in the middle of the night by an ECHR judge.
  • Yet as the home secretary recently suggested, the government still believes it can get its way. The ECHR, despite its reputation for inflexible and expansionist application of human rights law, can be expedient when its institutional reach is under threat
  • In 2012, for example, after an unmanageable surge of cases that provoked European governments’ wrath, the ECHR agreed to limit itself to intervening only where it believed national courts had not done their jobs properly. Its caseload quickly shrank.
  • With the UK outside the EU and therefore able to leave the ECHR with relative ease, the court’s survival instinct has kicked in. Its officials are said to have been taken aback by the hostility to its Rwanda injunction last June and are in a mood to compromise to avoid the risk of losing the UK altogether
  • Even assuming the legislation takes full effect, it may not work. Migrant arrivals are expected to reach 65,000 this year. The asylum backlog stands at 166,000 and counting, hotels are full to bursting and the government hasn’t yet sent a single person to Rwanda, which in turn hasn’t built the capacity to house more than 200. No wonder most think the policy is doomed.
  • Between the prospect of being deported, housed in unappealing lodgings such as barges and RAF bases rather than hotels, and caught by the French, who are being given large sums of money to step up their coastal policing, the government is hoping it can make trying to cross the Channel sufficiently unattractive
  • There has been a sharp drop in the number of Albanians arriving on our beaches since the government signed a co-operation agreement with Tirana, stepped up deportations and publicised both.
  • evidence from Canada in 2016, where a publicity campaign highlighting the deportation of failed asylum seekers from Hungary led to a dramatic drop in arrivals.
  • It all depends on what’s required to deter people from crossing. The aim, after all, isn’t to run a constant, high-volume travel service to Kigali, but to stop people from getting on boats in the first place. This may already be working
  • This leaves the final piece, which is the expansion of “safe and legal routes” to the UK. It has taken months of awkward media interviews, select committee hearings and the threat of a backbench rebellion, but the government has finally accepted it needs a better system for taking in legitimate refugees.
  • One way is a broader, Ukraine-style scheme, so households can bring in refugees if they agree to take them in
  • Another is to allow for more extended family reunifications for refugees who have relatives here
  • And another would be to expand the practice of assessing and accepting people at UN camps, like the Syrian resettlement scheme
  • After years of ineffectual government under Theresa May and Boris Johnson, we have become used to the idea that ministers never have any ability or intention of keeping their promises
Javier E

Elon Musk, Other AI Experts Call for Pause in Technology's Development - WSJ - 0 views

  • Calls for a pause clash with a broad desire among tech companies and startups to double down on so-called generative AI, a technology capable of generating original content to human prompts. Buzz around generative AI exploded last fall after OpenAI unveiled a chatbot with its ability to perform functions like providing lengthy answers and producing computer code with humanlike sophistication. 
  • Microsoft has embraced the technology for its Bing search engine and other tools. Alphabet Inc.’s Google has deployed a rival system, and companies such as Adobe Inc., Zoom Video Communications Inc. and Salesforce Inc. have also introduced advanced AI tools.
  • “A race starts today,” Microsoft CEO Satya Nadella said last month. “We’re going to move, and move fast.”
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  • “It is unfortunate to frame this as an arms race,” Mr. Tegmark said. “It is more of a suicide race. It doesn’t matter who is going to get there first. It just means that humanity as a whole could lose control of its own destiny.” 
  • Messrs. Musk and Wozniak have both voiced concerns about AI technology. Mr. Musk on Wednesday tweeted that developers of the advanced AI technology “will not heed this warning, but at least it was said.”
  • Yann LeCun, chief AI scientist at Meta Platforms Inc., on Tuesday tweeted that he didn’t sign the letter because he disagreed with its premise. 
  • Mr. Mostaque, Stability AI’s CEO, said in a tweet Wednesday that although he signed the letter, he didn’t agree with a six-month pause. “It has no force but will kick off an important discussion that will hopefully bring more transparency & governance to an opaque area.”
  • Mr. Tegmark said many companies feel “crazy commercial pressures” to add advanced AI technology into their products. A six-month pause would allow the industry “breathing room,” without disadvantaging ones that opt to move carefully
  • The letter said a pause should be declared publicly and be verifiable and all key actors in the space should participate. “If such a pause cannot be enacted quickly, governments should step in and institute a moratorium,” it said
  • AI labs and experts can use this time to develop a set of shared safety rules for advanced AI design that should be audited and overseen by outside experts, the authors wrote.
  • “I don’t think we can afford to just go forward and break things,” said Mr. Bengio, who shared a 2018 Turing award for inventing the systems that modern AI is built on. “We do need to take time to think through this collectively.”
Javier E

Regular Old Intelligence is Sufficient--Even Lovely - 0 views

  • Ezra Klein, has done some of the most dedicated reporting on the topic since he moved to the Bay Area a few years ago, talking with many of the people creating this new technology.
  • one is that the people building these systems have only a limited sense of what’s actually happening inside the black box—the bot is doing endless calculations instantaneously, but not in a way even their inventors can actually follow
  • an obvious question, one Klein has asked: “’If you think calamity so possible, why do this at all?
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  • second, the people inventing them think they are potentially incredibly dangerous: ten percent of them, in fact, think they might extinguish the human species. They don’t know exactly how, but think Sorcerer’s Apprentice (or google ‘paper clip maximizer.’)
  • One pundit after another explains that an AI program called Deep Mind worked far faster than scientists doing experiments to uncover the basic structure of all the different proteins, which will allow quicker drug development. It’s regarded as ipso facto better because it’s faster, and hence—implicitly—worth taking the risks that come with AI.
  • That is, it seems to me, a dumb answer from smart people—the answer not of people who have thought hard about ethics or even outcomes, but the answer that would be supplied by a kind of cultist.
  • (Probably the kind with stock options).
  • it does go, fairly neatly, with the default modern assumption that if we can do something we should do it, which is what I want to talk about. The question that I think very few have bothered to answer is, why?
  • But why? The sun won’t blow up for a few billion years, meaning that if we don’t manage to drive ourselves to extinction, we’ve got all the time in the world. If it takes a generation or two for normal intelligence to come up with the structure of all the proteins, some people may die because a drug isn’t developed in time for their particular disease, but erring on the side of avoiding extinction seems mathematically sound
  • Allowing that we’re already good enough—indeed that our limitations are intrinsic to us, define us, and make us human—should guide us towards trying to shut down this technology before it does deep damage.
  • The other challenge that people cite, over and over again, to justify running the risks of AI is to “combat climate change,
  • As it happens, regular old intelligence has already give us most of what we need: engineers have cut the cost of solar power and windpower and the batteries to store the energy they produce so dramatically that they’re now the cheapest power on earth
  • We don’t actually need artificial intelligence in this case; we need natural compassion, so that we work with the necessary speed to deploy these technologies.
  • Beyond those, the cases become trivial, or worse
  • All of this is a way of saying something we don’t say as often as we should: humans are good enough. We don’t require improvement. We can solve the challenges we face, as humans.
  • It may take us longer than if we can employ some “new form of intelligence,” but slow and steady is the whole point of the race.
  • Unless, of course, you’re trying to make money, in which case “first-mover advantage” is the point
  • I find they often answer from something that sounds like the A.I.’s perspective. Many — not all, but enough that I feel comfortable in this characterization — feel that they have a responsibility to usher this new form of intelligence into the world.”
  • here’s the thing: pausing, slowing down, stopping calls on the one human gift shared by no other creature, and perhaps by no machine. We are the animal that can, if we want to, decide not to do something we’re capable of doing.
  • n individual terms, that ability forms the core of our ethical and religious systems; in societal terms it’s been crucial as technology has developed over the last century. We’ve, so far, reined in nuclear and biological weapons, designer babies, and a few other maximally dangerous new inventions
  • It’s time to say do it again, and fast—faster than the next iteration of this tech.
Javier E

The Closing of the American Mind: A Summary - 0 views

  • Preface
  • “No teacher can doubt that his real task is to assist his pupil to fulfill human nature against all the deforming forces of convention and prejudice.” p. 20
  • A liberal education is one that helps students to ask themselves and answer the question, “what is man?… In our chronic lack of certainty, this comes down to knowing the alternative answers [to that question] and thinking about them.” p. 21
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  • Introduction: Our Virtue
  • “There is one thing that a professor can be absolutely certain of: almost every student entering the university believes, or says he believes, that truth is relative…. Relativism is necessary to openness; and this is the virtue, the only virtue, which all primary education for more than fifty years has dedicated itself to inculcating.” p. 25
  • Democratic education…wants and needs to produce men and women [who are] supportive of a democratic regime.” p. 26
  • The historical assumption of the human sciences was (and remains) that an objective human nature exists and can be discovered—if not by reason itself, then at least by empirical science guided by reason. Science was a method to allow us to rise beyond the prejudices of our culture in order to discover the truths of human nature. It was a mechanism for opening our minds, an instrument of openness. p. 37-38
  • Liberalism has always tended towards increased freedom—i.e., decreased regulation. But “it was possible to expand the space exempt from legitimate social and political regulation only by contracting the claims to moral and political knowledge…. It begins to appear that full freedom can be attained only when there is no such knowledge at all…[and] of course the result is that…the argument justifying freedom disappears, and…all beliefs begin to have an attenuated character.” p. 28
  • Modern education is concerned mainly with correcting ethnocentrism—showing students that their preferences are merely accidents of their culture and that no single culture is better than any other. The roots of this movement are found in the problems (racism, mistreatment) that arose due to the multicultural nature of American life. p. 29-30
  • The Founders envisioned a society where individuals were bound together by their belief in and adherence to the rights of the Constitution. Minority factions were seen as a bad thing, detracting from social cohesiveness. p. 31
  • However, the provision of equal rights did not guarantee equal treatment, and minority groups suffered. This caused them to retreat into their minority identities and oppose the majority—indeed, “much of the intellectual machinery of twentieth-century American political thought and social science was constructed for the purpose of making an assault on [the] majority…. The very idea of a majority—now understood to be selfish interest—is done away with in order to protect the minorities.” p. 32-35
  • However, its ideas about what this means have changed over time, starting with a faith in the human rights of the U.S. Constitution, but ultimately changing to (now) mean “openness,” i.e., relativism. p. 26-27
  • “Historicism and cultural relativism actually are a means to avoid testing our own prejudices and asking, for example, whether men are really equal or whether that opinion is a democratic prejudice.” p. 40
  • Today, “the human sciences want to make us culture-beings with the instruments [science and reason] that were invented to liberate us from culture…: cultural relativism, historicism, the fact-value distinction—are the suicide of science. Culture, hence closedness, reigns supreme. Openness to closedness is what we teach.” p. 38-39
  • Yet the dogmatic modern assumption is that human nature does not exist, that our ways of being are culturally determined, that our minds are inherently constrained—“closed”—by cultural influences. p. 38
  • “There are two types of openness, the openness of indifference…and the openness that invites us to the quest for knowledge and certitude.” p. 41
  • The openness of indifference advocates the removal of all requirements in education—why should students learn languages or philosophy? But the reality is that, “to be open to knowing, there are certain types of things one must know which most people don’t want to bother to learn and which appear boring and irrelevant…true openness means closedness to all the charms that make us comfortable with the present.” p. 41
  • The Clean Slate
  • On the surface, Americans seems to lack a true culture or set of traditions. But most of them grew up with a shared knowledge of the Bible and the Declaration of Independence, and “contrary to much contemporary wisdom, the United States has one of the longest uninterrupted political [and intellectual] traditions of any nation in the world.” And this tradition is not confused or counterbalanced by a history of monarchy or aristocracy. p. 52-55
  • So we have a culture in which to root education, but we have begun to undermine it. The idealism of the American founding has been explained away as mythical, selfishly-motivated, and racist. And so our culture has been devalued. p. 55-56
  • Religion, too, has been explained away, but this has left us without a standpoint from which to understand our experience as humans. Parents “have nothing to give their children in the way of a vision of the world.” p. 56-57
  • “As it now stands, students have powerful images of what the perfect body is and pursue it incessantly. But deprived of literary guidance, they no longer have any image of a perfect soul, and hence do not long to have one. They do not even imagine that there is such a thing.” p. 67
  • Books
  • “I have begun to wonder whether the experience of the greatest texts from early childhood is not a prerequisite for a concern throughout life for them and for lesser but important literature. The soul’s longing…may well require encouragement at the outset.” p. 62
  • Literature is critical because it presents to young people the range of possibilities of human types—both good and bad. p. 62-64
  • But students are less and less exposed to literature, and as a result, “they have only pop psychology to tell them what people are like, and the range of their motives…. [Therefore,] people become more alike, for want of knowing they can be otherwise. What poor substitutes for real diversity are the wild rainbows of dyed hair and other external differences that tell the observer nothing about what is inside.” p. 64
  • Without exposure to literature, students usually resort to the movies. But movies do not provide the “distance from the contemporary” that students need, and so this only reinforces the belief that the here and now is all there is. p. 64
  • The loss of literature has also meant the loss of heroes. In a “perversion of the democratic principle,” this lack is almost admired, since being oneself is the supposed goal. But whether or not it is seen as desirable, students invariably seek role models. And without literature, they only have those around them (and in the media) to emulate. p. 66-67
  • “Nobody believes that the old books do, or even could, contain the truth…. Tradition has become superfluous.” p. 58
  • We are left with a culture filled with “the intense, changing, crude and immediate, which Tocqueville warned us would be the character of democratic art…. In short, life is made into a nonstop, commercially prepackaged masturbational fantasy. This description may seem exaggerated, but only because some would prefer to regard it as such.” p. 74-75
  • Relationships
  • “In short, after the war, while America was sending out its blue jeans to unite the young of all nations, a concrete form of democratic universalism that has had liberalizing effects on many enslaved nations, it was importing a clothing of German fabrication for its souls, which clashed with all that and cast doubt on the Americanization of the world on which we had embarked, thinking it was good and in conformity with the rights of man
  • “This indeterminate or open-ended future and the lack of a binding past mean that the souls of young people are in a condition like that of the first men in the state of nature—spiritually unclad, unconnected, isolated, with no inherited or unconditional connection with anything or anyone…. Why are we surprised that such unfurnished persons should be preoccupied principally with themselves?” p. 87-88
  • “The one eccentric element in this portrait, the one failure…is the relation between blacks and whites.” Although black students are present on campuses, they “have, by and large, proved indigestible.” p. 91
  • the Black Power movement arrived and the universities conceded to identity politics, which took the form of Black-themed courses, quotas, and an unwillingness to fail black students. p. 94-95
  • “The black student who wants to be just a student and to avoid allegiance to the black group has to pay a terrific price, because he is judged negatively by his black peers and because his behavior is atypical in the eyes of whites. White students have silently and unconsciously adjusted to a group presence of blacks, and they must readjust for a black who does not define himself by the group.” Affirmative action cements this dynamic. p. 95-96
  • The restructuring of the family requires that men subdue their masculine character. “And it is indeed possible to soften men. But to make them ‘care’ is another thing, and the project must inevitably fail…. The old moral order, however imperfect it may have been, at least moved towards the virtues by way of the passions. If men were self-concerned, that order tried to expand the scope of self-concern to include others [i.e., his wife and children], rather than commanding men to cease being concerned with themselves.” p. 129
  • “I am not arguing here that the old family arrangements were good or that we should go back to them. I am only insisting that we not cloud our vision to such an extent that we believe that there are viable substitutes for them just because we want or need them.” p. 130
  • “All of our reforms have helped strip the teeth of our gears, which can therefore no longer mesh. They spin idly, side by side, unable to set the social machine in motion.” p. 131
  • Modern students are lacking the longing that is critical for a full enjoyment of life. They are complacent. And the universities do not see themselves as providing for such a longing. p. 134-136
  • The German Connection
  • Value relativism is the modern replacement for traditional morality, and “constitutes a change in our view of things moral and political as great as the one that took place when Christianity replaced Greek and Roman paganism.” p. 141
  • Value relativism has sunk so far into the American consciousness that its vocabulary has become colloquial: we talk about ‘charisma,’ ‘life-style,’ ‘commitment,’ ‘identity,’ etc. “Although they, and the things to which they refer, would have been incomprehensible to our fathers, not to speak of our Founding Fathers.” p. 147
  • Students today are largely apathetic about any concerns outside of themselves. There isn’t any malice in this self-centeredness; but it has become so entrenched in American culture that it isn’t even recognized as unusual. p. 82-86
  • “We chose [to import] a system of thought that, like some wines, does not travel; we chose a way of looking at things that could never be ours and had its starting point dislike of us and our goals.” p. 153
  • The question isn’t even asked whether the German doctrine of value-creation is contrary to democratic and egalitarian ideals; but it certainly seems to leave room for their opposites and perhaps promote them—i.e., value relativism seems to allow for fascism. p. 154
  • The Self
  • Although a precise definition remains elusive, “the self is the modern substitute for the soul.” p. 173
  • Man used to strive for fulfillment by taming his bodily desires in order to live virtuously. But this changed after Machiavelli (and Hobbes after him) suggested that instead we ignore virtue and follow our desires, which find their root in the state of nature. p. 174-175
  • Following their advice, “our desire becomes a kind of oracle we consult; it is the last word, while in the past it was the questionable and dangerous part of us.” p. 175
  • Locke then replaced the virtuous man with the rationally selfish one. “Beneath his selfishness, of course, lies an expectation that it conduces more to the good of others than does moralism.” p. 175-176
  • “All higher purposiveness in nature, which might have been consulted by men’s reason and used to limit human passion, has disappeared.” p. 176
  • That reason “is unable to rule in culture or in soul…constitutes a crisis of the West…[whose] regimes are founded on reason.” Previous regimes relied on religion, but Enlightenment undermined religion. p. 196
  • Psychology came to us “in order to treat the parts of man which had been so long neglected by liberal society…. Modern psychology has this in common with what was always a popular opinion, fathered by Machiavelli—that selfishness is somehow good. Man is self, and the self must be selfish. What is new is that we are told to look more deeply into the self, that we assumed too easily that we know it and have access to it.” p. 178
  • Prior to this, it was only God who was dignified—not man. And God was dignified in his freedom, his ability to create. If man was to be elevated, he, too, must be free; he, too, must be able to create. p. 180
  • And so, following Rousseau and our dissatisfaction with the Enlightenment, we have elevated creativity above reason as the ultimate virtue, and the artist replaced the philosopher and scientist at the admired human type. p. 181-182
  • Yet those who praise creativity don’t realize why. They admire it without seeing that it is the result of Romantic thought absorbed into democratic public opinion. And it has influenced the whole political spectrum, from Left to Right. p. 181-182
  • The Germans (Nietzsche and Weber) recognized as early as 1919 that the scientific spirit was dead, that reason cannot establish values. But Americans (naïvely, and largely unknowingly) still held onto the rationalist dream, written as they were into our political foundations. p. 194-195
  • When those ideas came to the U.S. (via Weber), “a very dark view of the future was superimposed on our incorrigible optimism. We are children playing with adult toys.” p. 195
  • “The psychology of the self has succeeded so well that it is now the instinct of most of us to turn for a cure for our ills back within ourselves rather than to the nature of things.” p. 179
  • Rousseau and others recognized this. “The very idea of culture was a way of preserving something like religion without talking about it.” But Nietzsche saw this was impossible. p. 196-197
  • We are left with no religion, but we still have religious impulses. p. 197
  • “The disenchantment of God and nature necessitated a new description of good and evil. To adapt a formula of Plato about the gods, we do not love a thing because it is good, it is good because we love it. It [became] our decision to esteem that makes something estimable.” p. 197
  • “Since values are not rational…they must be imposed.” Will, or commitment, is the primary virtue; it is the equivalent of (what used to be) faith. “Nietzsche was not a fascist; but this project inspired fascist rhetoric, which looked to the revitalization of old cultures or the foundation of new ones, as opposed to the rational, rootless cosmopolitanism of the revolutions of the Left.” p. 201-202
  • Nietzsche was a cultural relativist. This meant he anticipated war, because wars are inevitable when values are imposed and unrooted in truth or anything objective. p. 202
  • “Just over the horizon, when Weber wrote, lay Hitler…. He was the mad, horrible parody of the charismatic leader—the demagogue—hoped for by Weber.” Weber was not looking for something so extreme, but “when one ventures out into the vast spaces opened up by Nietzsche, it is hard to set limits.” p. 213-214
  • “Hitler did not cause a rethinking of the politics here or in Europe. All to the contrary—it was while we were fighting him that the thought that had preceded him in Europe conquered here.” And it remains dominant. p. 214
  • The language of values implies that the religious is the source of everything political, social, and personal. It has been facilitated by a softening and blurring of the idea of religion and “the sacred,” which are no longer seen as dangerous.
  • “As an image of our current intellectual condition, I keep being reminded of the newsreel pictures of Frenchmen splashing happily in the water at the seashore, enjoying the paid annual vacations legislated by Leon Blum’s Popular Front government. It was 1936, the same year Hitler was permitted to occupy the Rhineland. All our big causes amount to that kind of vacation.” p. 239
  • This is our educational crisis and opportunity. Western rationalism has culminated in a rejection of reason. Is this result necessary?” p. 240
Javier E

Sam Altman, the ChatGPT King, Is Pretty Sure It's All Going to Be OK - The New York Times - 0 views

  • He believed A.G.I. would bring the world prosperity and wealth like no one had ever seen. He also worried that the technologies his company was building could cause serious harm — spreading disinformation, undercutting the job market. Or even destroying the world as we know it.
  • “I try to be upfront,” he said. “Am I doing something good? Or really bad?”
  • In 2023, people are beginning to wonder if Sam Altman was more prescient than they realized.
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  • And yet, when people act as if Mr. Altman has nearly realized his long-held vision, he pushes back.
  • This past week, more than a thousand A.I. experts and tech leaders called on OpenAI and other companies to pause their work on systems like ChatGPT, saying they present “profound risks to society and humanity.”
  • As people realize that this technology is also a way of spreading falsehoods or even persuading people to do things they should not do, some critics are accusing Mr. Altman of reckless behavior.
  • “The hype over these systems — even if everything we hope for is right long term — is totally out of control for the short term,” he told me on a recent afternoon. There is time, he said, to better understand how these systems will ultimately change the world.
  • Many industry leaders, A.I. researchers and pundits see ChatGPT as a fundamental technological shift, as significant as the creation of the web browser or the iPhone. But few can agree on the future of this technology.
  • Some believe it will deliver a utopia where everyone has all the time and money ever needed. Others believe it could destroy humanity. Still others spend much of their time arguing that the technology is never as powerful as everyone says it is, insisting that neither nirvana nor doomsday is as close as it might seem.
  • he is often criticized from all directions. But those closest to him believe this is as it should be. “If you’re equally upsetting both extreme sides, then you’re doing something right,” said OpenAI’s president, Greg Brockman.
  • To spend time with Mr. Altman is to understand that Silicon Valley will push this technology forward even though it is not quite sure what the implications will be
  • in 2019, he paraphrased Robert Oppenheimer, the leader of the Manhattan Project, who believed the atomic bomb was an inevitability of scientific progress. “Technology happens because it is possible,” he said
  • His life has been a fairly steady climb toward greater prosperity and wealth, driven by an effective set of personal skills — not to mention some luck. It makes sense that he believes that the good thing will happen rather than the bad.
  • He said his company was building technology that would “solve some of our most pressing problems, really increase the standard of life and also figure out much better uses for human will and creativity.”
  • He was not exactly sure what problems it will solve, but he argued that ChatGPT showed the first signs of what is possible. Then, with his next breath, he worried that the same technology could cause serious harm if it wound up in the hands of some authoritarian government.
  • Kelly Sims, a partner with the venture capital firm Thrive Capital who worked with Mr. Altman as a board adviser to OpenAI, said it was like he was constantly arguing with himself.
  • “In a single conversation,” she said, “he is both sides of the debate club.”
  • He takes pride in recognizing when a technology is about to reach exponential growth — and then riding that curve into the future.
  • he is also the product of a strange, sprawling online community that began to worry, around the same time Mr. Altman came to the Valley, that artificial intelligence would one day destroy the world. Called rationalists or effective altruists, members of this movement were instrumental in the creation of OpenAI.
  • Does it make sense to ride that curve if it could end in diaster? Mr. Altman is certainly determined to see how it all plays out.
  • “Why is he working on something that won’t make him richer? One answer is that lots of people do that once they have enough money, which Sam probably does. The other is that he likes power.”
  • “He has a natural ability to talk people into things,” Mr. Graham said. “If it isn’t inborn, it was at least fully developed before he was 20. I first met Sam when he was 19, and I remember thinking at the time: ‘So this is what Bill Gates must have been like.
  • poker taught Mr. Altman how to read people and evaluate risk.
  • It showed him “how to notice patterns in people over time, how to make decisions with very imperfect information, how to decide when it was worth pain, in a sense, to get more information,” he told me while strolling across his ranch in Napa. “It’s a great game.”
  • He believed, according to his younger brother Max, that he was one of the few people who could meaningfully change the world through A.I. research, as opposed to the many people who could do so through politics.
  • In 2019, just as OpenAI’s research was taking off, Mr. Altman grabbed the reins, stepping down as president of Y Combinator to concentrate on a company with fewer than 100 employees that was unsure how it would pay its bills.
  • Within a year, he had transformed OpenAI into a nonprofit with a for-profit arm. That way he could pursue the money it would need to build a machine that could do anything the human brain could do.
  • Mr. Brockman, OpenAI’s president, said Mr. Altman’s talent lies in understanding what people want. “He really tries to find the thing that matters most to a person — and then figure out how to give it to them,” Mr. Brockman told me. “That is the algorithm he uses over and over.”
  • Mr. Yudkowsky and his writings played key roles in the creation of both OpenAI and DeepMind, another lab intent on building artificial general intelligence.
  • “These are people who have left an indelible mark on the fabric of the tech industry and maybe the fabric of the world,” he said. “I think Sam is going to be one of those people.”
  • The trouble is, unlike the days when Apple, Microsoft and Meta were getting started, people are well aware of how technology can transform the world — and how dangerous it can be.
  • Mr. Scott of Microsoft believes that Mr. Altman will ultimately be discussed in the same breath as Steve Jobs, Bill Gates and Mark Zuckerberg.
  • The woman was the Canadian singer Grimes, Mr. Musk’s former partner, and the hat guy was Eliezer Yudkowsky, a self-described A.I. researcher who believes, perhaps more than anyone, that artificial intelligence could one day destroy humanity.
  • The selfie — snapped by Mr. Altman at a party his company was hosting — shows how close he is to this way of thinking. But he has his own views on the dangers of artificial intelligence.
  • In March, Mr. Altman tweeted out a selfie, bathed by a pale orange flash, that showed him smiling between a blond woman giving a peace sign and a bearded guy wearing a fedora.
  • He also helped spawn the vast online community of rationalists and effective altruists who are convinced that A.I. is an existential risk. This surprisingly influential group is represented by researchers inside many of the top A.I. labs, including OpenAI.
  • They don’t see this as hypocrisy: Many of them believe that because they understand the dangers clearer than anyone else, they are in the best position to build this technology.
  • Mr. Altman believes that effective altruists have played an important role in the rise of artificial intelligence, alerting the industry to the dangers. He also believes they exaggerate these dangers.
  • As OpenAI developed ChatGPT, many others, including Google and Meta, were building similar technology. But it was Mr. Altman and OpenAI that chose to share the technology with the world.
  • Many in the field have criticized the decision, arguing that this set off a race to release technology that gets things wrong, makes things up and could soon be used to rapidly spread disinformation.
  • Mr. Altman argues that rather than developing and testing the technology entirely behind closed doors before releasing it in full, it is safer to gradually share it so everyone can better understand risks and how to handle them.
  • He told me that it would be a “very slow takeoff.”
  • When I asked Mr. Altman if a machine that could do anything the human brain could do would eventually drive the price of human labor to zero, he demurred. He said he could not imagine a world where human intelligence was useless.
  • If he’s wrong, he thinks he can make it up to humanity.
  • His grand idea is that OpenAI will capture much of the world’s wealth through the creation of A.G.I. and then redistribute this wealth to the people. In Napa, as we sat chatting beside the lake at the heart of his ranch, he tossed out several figures — $100 billion, $1 trillion, $100 trillion.
  • If A.G.I. does create all that wealth, he is not sure how the company will redistribute it. Money could mean something very different in this new world.
  • But as he once told me: “I feel like the A.G.I. can help with that.”
Javier E

AI Is Running Circles Around Robotics - The Atlantic - 0 views

  • Large language models are drafting screenplays and writing code and cracking jokes. Image generators, such as Midjourney and DALL-E 2, are winning art prizes and democratizing interior design and producing dangerously convincing fabrications. They feel like magic. Meanwhile, the world’s most advanced robots are still struggling to open different kinds of doors
  • the cognitive psychologist Steven Pinker offered a pithier formulation: “The main lesson of thirty-five years of AI research,” he wrote, “is that the hard problems are easy and the easy problems are hard.” This lesson is now known as “Moravec’s paradox.”
  • The paradox has grown only more apparent in the past few years: AI research races forward; robotics research stumbles. In part that’s because the two disciplines are not equally resourced. Fewer people work on robotics than on AI.
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  • In theory, a robot could be trained on data drawn from computer-simulated movements, but there, too, you must make trade-offs
  • Jang compared computation to a tidal wave lifting technologies up with it: AI is surfing atop the crest; robotics is still standing at the water’s edge.
  • Whatever its causes, the lag in robotics could become a problem for AI. The two are deeply intertwined
  • But the biggest obstacle for roboticists—the factor at the core of Moravec’s paradox—is that the physical world is extremely complicated, far more so than languag
  • Some researchers are skeptical that a model trained on language alone, or even language and images, could ever achieve humanlike intelligence. “There’s too much that’s left implicit in language,” Ernest Davis, a computer scientist at NYU, told me. “There’s too much basic understanding of the world that is not specified.” The solution, he thinks, is having AI interact directly with the world via robotic bodies. But unless robotics makes some serious progress, that is unlikely to be possible anytime soon.
  • For years already, engineers have used AI to help build robots. In a more extreme, far-off vision, super-intelligent AIs could simply design their own robotic body. But for now, Finn told me, embodied AI is still a ways off. No android assassins. No humanoid helpers.
  • Set in the context of our current technological abilities, HAL’s murderous exchange with Dave from 2001: A Space Odyssey would read very differently. The machine does not refuse to help its human master. It simply isn’t capable of doing so.“Open the pod bay doors, HAL.”“I’m sorry, Dave. I’m afraid I can’t do that.”
Javier E

Opinion | There's a Reason There Aren't Enough Teachers in America. Many Reasons, Actua... - 0 views

  • Here are just a few of the longstanding problems plaguing American education: a generalized decline in literacy; the faltering international performance of American students; an inability to recruit enough qualified college graduates into the teaching profession; a lack of trained and able substitutes to fill teacher shortages; unequal access to educational resources; inadequate funding for schools; stagnant compensation for teachers; heavier workloads; declining prestige; and deteriorating faculty morale.
  • Nine-year-old students earlier this year revealed “the largest average score decline in reading since 1990, and the first ever score decline in mathematics,”
  • In the latest comparison of fourth grade reading ability, the United States ranked below 15 countries, including Russia, Ireland, Poland and Bulgaria.
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  • Teachers are not only burnt out and undercompensated, they are also demoralized. They are being asked to do things in the name of teaching that they believe are mis-educational and harmful to students and the profession. What made this work good for them is no longer accessible. That is why we are hearing so many refrains of “I’m not leaving the profession, my profession left me.”
  • We find there are at least 36,000 vacant positions along with at least 163,000 positions being held by underqualified teachers, both of which are conservative estimates of the extent of teacher shortages nationally.
  • “The current problem of teacher shortages (I would further break this down into vacancy and under-qualification) is higher than normal.” The data, Nguyen continued, “indicate that shortages are worsening over time, particularly over the last few years
  • a growing gap between the pay of all college graduates and teacher salaries from 1979 to 2021, with a sharp increase in the differential since 2010
  • The number of qualified teachers is declining for the whole country and the vast majority of states.
  • Wages are essentially unchanged from 2000 to 2020 after adjusting for inflation. Teachers have about the same number of students. But, teacher accountability reforms have increased the demands on their positions.
  • The pandemic was very difficult for teachers. Their self-reported level of stress was about as twice as high during the pandemic compared to other working adults. Teachers had to worry both about their personal safety and deal with teaching/caring for students who are grieving lost family members.
  • the number of students graduating from college with bachelor’s degrees in education fell from 176,307 in 1970-71 to 104,008 in 2010-11 to 85,058 in 2019-20.
  • We do see that southern states (e.g., Mississippi, Alabama, Georgia and Florida) have very high vacancies and high vacancy rates.”
  • By 2021, teachers made $1,348, 32.9 percent less than what other graduates made, at $2,009.
  • These gaps play a significant role in determining the quality of teachers,
  • Sixty percent of teachers and 65 percent of principals reported believing that systemic racism exists. Only about 20 percent of teachers and principals reported that they believe systemic racism does not exist, and the remainder were not sure
  • “We find,” they write, “that teachers’ cognitive skills differ widely among nations — and that these differences matter greatly for students’ success in school. An increase of one standard deviation in teacher cognitive skills is associated with an increase of 10 to 15 percent of a standard deviation in student performance.”
  • teachers have lower cognitive skills, on average, in countries with greater nonteaching job opportunities for women in high-skill occupations and where teaching pays relatively less than other professions.
  • the scholars found that the cognitive skills of teachers in the United States fell in the middle ranks:Teachers in the United States perform worse than the average teacher sample-wide in numeracy, with a median score of 284 points out of a possible 500, compared to the sample-wide average of 292 points. In literacy, they perform slightly better than average, with a median score of 301 points compared to the sample-wide average of 295 points.
  • Increasing teacher numeracy skills by one standard deviation increases student performance by nearly 15 percent of a standard deviation on the PISA math test. Our estimate of the effect of increasing teacher literacy skills on students’ reading performance is slightly smaller, at 10 percent of a standard deviation.
  • How, then, to raise teacher skill level in the United States? Hanushek and his two colleagues have a simple answer: raise teacher pay to make it as attractive to college graduates as high-skill jobs in other fields.
  • policymakers will need to do more than raise teacher pay across the board to ensure positive results. They must ensure that higher salaries go to more effective teachers.
  • The teaching of disputed subjects in schools has compounded many of the difficulties in American education.
  • The researchers found that controversies over critical race theory, sex education and transgender issues — aggravated by divisive debates over responses to Covid and its aftermath — are inflicting a heavy toll on teachers and principals.
  • “On top of the herculean task of carrying out the essential functions of their jobs,” they write, “educators increasingly find themselves in the position of addressing contentious, politicized issues in their schools as the United States has experienced increasing political polarization.”
  • Teachers and principals, they add, “have been pulled in multiple directions as they try to balance and reconcile not only their own beliefs on such matters but also the beliefs of others around them, including their leaders, fellow staff, students, and students’ family members.”
  • These conflicting pressures take place in a climate where “emotions in response to these issues have run high within communities, resulting in the harassment of educators, bans against literature depicting diverse characters, and calls for increased parental involvement in deciding academic content.”
  • Forty-eight percent of principals and 40 percent of teachers reported that the intrusion of political issues and opinions in school leadership or teaching, respectively, was a job-related stressor. By comparison, only 16 percent of working adults indicated that the intrusion of political issues and opinions in their jobs was a source of job-related stress
  • In 1979, the average teacher weekly salary (in 2021 dollars) was $1,052, 22.9 percent less than other college graduates’, at $1,364
  • Nearly all Black or African American principals (92 percent) and teachers (87 percent) reported believing that systemic racism exists.
  • White educators working in predominantly white school systems reported substantially more pressure to deal with politically divisive issues than educators of color and those working in mostly minority schools: “Forty-one percent of white teachers and 52 percent of white teachers and principals selected the intrusion of political issues and opinions into their professions as a job-related stressor, compared with 36 percent of teachers of color and principals of color.
  • and opinions into their professions as a job-related stressor, compar
  • A 54 percent majority of teachers and principals said there “should not be legal limits on classroom conversations about racism, sexism, and other topics,” while 20 percent said there should be legislated constraint
  • Voters, in turn, are highly polarized on the teaching of issues impinging on race or ethnicity in public schools. The Education Next 2022 Survey asked, for example:Some people think their local public schools place too little emphasis on slavery, racism and other challenges faced by Black people in the United States. Other people think their local public schools place too much emphasis on these topics. What is your view about your local public schools?
  • Among Democrats, 55 percent said too little emphasis was placed on slavery, racism and other challenges faced by Black people, and 8 percent said too much.
  • Among Republicans, 51 said too much and 10 percent said too little.
  • Because of the lack of reliable national data, there is widespread disagreement among scholars of education over the scope and severity of the shortage of credentialed teachers, although there is more agreement that these problems are worse in low-income, high majority-minority school systems and in STEM and special education faculties.
  • Public schools increasingly are targets of conservative political groups focusing on what they term “Critical Race Theory,” as well as issues of sexuality and gender identity. These political conflicts have created a broad chilling effect that has limited opportunities for students to practice respectful dialogue on controversial topics and made it harder to address rampant misinformation.
  • The chilling effect also has led to marked declines in general support for teaching about race, racism, and racial and ethnic diversity.
  • These political conflicts, the authors wrote,have made the already hard work of public education more difficult, undermining school management, negatively impacting staff, and heightening student stress and anxiety. Several principals shared that they were reconsidering their own roles in public education in light of the rage at teachers and rage at administrators’ playing out in their communities.
  • State University of New York tracked trends on “four interrelated constructs: professional prestige, interest among students, preparation for entry, and job satisfaction” for 50 years, from the 1970s to the present and founda consistent and dynamic pattern across every measure: a rapid decline in the 1970s, a swift rise in the 1980s, relative stability for two decades, and a sustained drop beginning around 2010. The current state of the teaching profession is at or near its lowest levels in 50 years.
  • Who among the next generation of college graduates will choose to teach?
  • Perceptions of teacher prestige have fallen between 20 percent and 47 percent in the last decade to be at or near the lowest levels recorded over the last half century
  • Interest in the teaching profession among high school seniors and college freshmen has fallen 50 percent since the 1990s, and 38 percent since 2010, reaching the lowest level in the last 50 years
  • the proportion of college graduates that go into teaching is at a 50-year low
  • Teachers’ job satisfaction is also at the lowest level in five decades, with the percent of teachers who feel the stress of their job is worth it dropping from 81 percent to 42 percent in the last 15 years
  • The combination of these factors — declining prestige, lower pay than other professions that require a college education, increased workloads, and political and ideological pressures — is creating both intended and unintended consequences for teacher accountability reforms mandating tougher licensing rules, evaluations and skill testing.
  • Education policy over the past decade has focused considerable effort on improving human capital in schools through teacher accountability. These reforms, and the research upon which they drew, were based on strong assumptions about how accountability would affect who decided to become a teacher. Counter to most assumptions, our findings document how teacher accountability reduced the supply of new teacher candidates by, in part, decreasing perceived job security, satisfaction and autonomy.
  • The reforms, Kraft and colleagues continued, increasedthe likelihood that schools could not fill vacant teaching positions. Even more concerning, effects on unfilled vacancies were concentrated in hard-to-staff schools that often serve larger populations of low-income students and students of color
  • We find that evaluation reforms increased the quality of newly hired novice teachers by reducing the number of teachers that graduated from the least selective institutions
  • We find no evidence that evaluation reforms served to attract teachers who attended the most selective undergraduate institutions.
  • In other words, the economic incentives, salary structure and work-life pressures characteristic of public education employment have created a climate in which contemporary education reforms have perverse and unintended consequences that can worsen rather than alleviate the problems facing school systems.
  • If so, to improve the overall quality of the nation’s more than three million public schoolteachers, reformers may want to give priority to paychecks, working conditions, teacher autonomy and punishing workloads before attempting to impose higher standards, tougher evaluations and less job security.
Javier E

Politics needs a dose of realism, not optimism | Comment | The Times - 0 views

  • We cannot continue to offer healthcare free at the point of use. Those (like me) who can pay should be charged. We cannot expect to inherit our elderly parents’ houses and so require the state to pay for their old-age care. We middle classes have no right to enjoy rail travel vastly subsidised by the general taxpayer. I have no right to an old person’s London travel card saving me thousands a year when young people on a tenth of my salary must pay — nor to a winter fuel allowance.
  • The taxpayer should not be subsidising public-school education for the small minority who benefit from it. Pensioners should not, regardless of our wealth, expect increases in our pensions that exceed the increases working people get. Britain should not be merrily promising substantial increases in defence spending when we already shoulder a disproportionate burden in the defence of freedom.
  • Year on year we are loading bigger national bills on to the ever-smaller proportion of the population who are actually working. People are retiring earlier then demanding to be kept expensively alive for longer
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  • Yet would people vote for a politician honest enough to say these things? No. We force them to lie then complain they’re liars. It is we who are the hypocrites. Whence comes this persistent, subterranean sense of British entitlement, even as the economy on which it depends begins to sink?
  • The elastication of any link between what we demand and our ability to afford it began long ago but it has been sharply accelerated by the Covid-19 lockdowns: by the idea we could retreat into our living rooms and expect public money to come feathering electronically down into our bank accounts like falling leaves from the Treasury’s magic money tree, until it was safe to go back to work. To this day many haven’t even bothered to do that, as early pensions replace furlough.
Javier E

The new tech worldview | The Economist - 0 views

  • Sam Altman is almost supine
  • the 37-year-old entrepreneur looks about as laid-back as someone with a galloping mind ever could. Yet the ceo of OpenAi, a startup reportedly valued at nearly $20bn whose mission is to make artificial intelligence a force for good, is not one for light conversation
  • Joe Lonsdale, 40, is nothing like Mr Altman. He’s sitting in the heart of Silicon Valley, dressed in linen with his hair slicked back. The tech investor and entrepreneur, who has helped create four unicorns plus Palantir, a data-analytics firm worth around $15bn that works with soldiers and spooks
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  • a “builder class”—a brains trust of youngish idealists, which includes Patrick Collison, co-founder of Stripe, a payments firm valued at $74bn, and other (mostly white and male) techies, who are posing questions that go far beyond the usual interests of Silicon Valley’s titans. They include the future of man and machine, the constraints on economic growth, and the nature of government.
  • They share other similarities. Business provided them with their clout, but doesn’t seem to satisfy their ambition
  • The number of techno-billionaires in America (Mr Collison included) has more than doubled in a decade.
  • ome of them, like the Medicis in medieval Florence, are keen to use their money to bankroll the intellectual ferment
  • The other is Paul Graham, co-founder of Y Combinator, a startup accelerator, whose essays on everything from cities to politics are considered required reading on tech campuses.
  • Mr Altman puts it more optimistically: “The iPhone and cloud computing enabled a Cambrian explosion of new technology. Some things went right and some went wrong. But one thing that went weirdly right is a lot of people got rich and said ‘OK, now what?’”
  • A belief that with money and brains they can reboot social progress is the essence of this new mindset, making it resolutely upbeat
  • The question is: are the rest of them further evidence of the tech industry’s hubristic decadence? Or do they reflect the start of a welcome capacity for renewal?
  • Two well-known entrepreneurs from that era provided the intellectual seed capital for some of today’s techno nerds.
  • Mr Thiel, a would-be libertarian philosopher and investor
  • This cohort of eggheads starts from common ground: frustration with what they see as sluggish progress in the world around them.
  • Yet the impact could ultimately be positive. Frustrations with a sluggish society have encouraged them to put their money and brains to work on problems from science funding and the redistribution of wealth to entirely new universities. Their exaltation of science may encourage a greater focus on hard tech
  • the rationalist movement has hit the mainstream. The result is a fascination with big ideas that its advocates believe goes beyond simply rose-tinted tech utopianism
  • A burgeoning example of this is “progress studies”, a movement that Mr Collison and Tyler Cowen, an economist and seer of the tech set, advocated for in an article in the Atlantic in 2019
  • Progress, they think, is a combination of economic, technological and cultural advancement—and deserves its own field of study
  • There are other examples of this expansive worldview. In an essay in 2021 Mr Altman set out a vision that he called “Moore’s Law for Everything”, based on similar logic to the semiconductor revolution. In it, he predicted that smart machines, building ever smarter replacements, would in the coming decades outcompete humans for work. This would create phenomenal wealth for some, obliterate wages for others, and require a vast overhaul of taxation and redistribution
  • His two bets, on OpenAI and nuclear fusion, have become fashionable of late—the former’s chatbot, ChatGPT, is all the rage. He has invested $375m in Helion, a company that aims to build a fusion reactor.
  • Mr Lonsdale, who shares a libertarian streak with Mr Thiel, has focused attention on trying to fix the shortcomings of society and government. In an essay this year called “In Defence of Us”, he argues against “historical nihilism”, or an excessive focus on the failures of the West.
  • With a soft spot for Roman philosophy, he has created the Cicero Institute in Austin that aims to inject free-market principles such as competition and transparency into public policy.
  • He is also bringing the startup culture to academia, backing a new place of learning called the University of Austin, which emphasises free speech.
  • All three have business ties to their mentors. As a teen, Mr Altman was part of the first cohort of founders in Mr Graham’s Y Combinator, which went on to back successes such as Airbnb and Dropbox. In 2014 he replaced him as its president, and for a while counted Mr Thiel as a partner (Mr Altman keeps an original manuscript of Mr Thiel’s book “Zero to One” in his library). Mr Thiel was also an early backer of Stripe, founded by Mr Collison and his brother, John. Mr Graham saw promise in Patrick Collison while the latter was still at school. He was soon invited to join Y Combinator. Mr Graham remains a fan: “If you dropped Patrick on a desert island, he would figure out how to reproduce the Industrial Revolution,”
  • While at university, Mr Lonsdale edited the Stanford Review, a contrarian publication co-founded by Mr Thiel. He went on to work for his mentor and the two men eventually helped found Palantir. He still calls Mr Thiel “a genius”—though he claims these days to be less “cynical” than his guru.
  • “The tech industry has always told these grand stories about itself,” says Adrian Daub of Stanford University and author of the book, “What Tech Calls Thinking”. Mr Daub sees it as a way of convincing recruits and investors to bet on their risky projects. “It’s incredibly convenient for their business models.”
  • In the 2000s Mr Thiel supported the emergence of a small community of online bloggers, self-named the “rationalists”, who were focused on removing cognitive biases from thinking (Mr Thiel has since distanced himself). That intellectual heritage dates even further back, to “cypherpunks”, who noodled about cryptography, as well as “extropians”, who believed in improving the human condition through life extensions
  • Silicon Valley has shown an uncanny ability to reinvent itself in the past.
Javier E

Elon Musk's Text Messages Explain Everything - The Atlantic - 0 views

  • I’ve begun to think of Exhibit H as a skeleton key for the final, halcyon days of the tech boom—unlocking an understanding of the cultural brain worms and low-interest-rate hubris that defined the industry in 2022. What we see in Exhibit H is only a tiny snapshot of a very important inbox, but it’s enough to make this one of the most revealing documents in a year that’s been absolutely overflowing with tech disclosures
  • the Musk texts demonstrate a decadence, an unearned confidence, and a boy’s-club mentality that coincide with the cultural disillusionment regarding the genius-innovator narrative.
  • I snarkily coined the Elon Musk School of Management to describe the petulant way that some tech founders, such as Musk and Coinbase’s Brian Armstrong, seemed to use confrontational, culture-warring, Twitter-addled thought leadership as a business tactic. The Musk School revolves around two principles: running a company in an authoritarian manner, and ensuring that every management decision is optimized to make news and hijack the attention of those following along on social media
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  • The Musk messages also reveal how some of the richest and most powerful men in the world treat actual billions of dollars with a level of care more appropriate for a 3-year-old tossing around Monopoly cash.
  • Oracle’s founder, Larry Ellison, essentially writes Musk a blank check over text, pledging, “A billion … or whatever you recommend.” The venture capitalist Marc Andreessen unsolicitedly offers Musk “$250M with no additional work required.” And Michael Grimes, a top investment banker at Morgan Stanley, proposes a meeting with Bankman-Fried as a way to “get us $5bn equity in an hour.”
  • The blitheness is the point. It is a total power move to talk about getting “$5bn in equity in an hour” the same way we mere mortals talk about Venmo-ing a friend $15 for lunch. The texts make it clear that these men are fundamentally alienated from the rest of the world by their wealth.
  • “These are absolutely not normal people with a normal understanding of the world.”
  • The men in Musk’s phone also appear wildly confident in their own abilities and those of their peers. Mathias Döpfner, the CEO of the media conglomerate Axel Springer, infamously texted Musk his bullet-pointed plan for Twitter, which began with the line item “1.),, Solve Free Speech.”
  • They teach us what happens when a small group of people with too much money come to view that money not just as a reward for success, but as its own form of merit—a specious achievement that totally alienates them from reality.
  • Ultimately, Exhibit H documents the loneliness and isolation of being the world’s richest man. As told via the texts, the seed of Musk’s Twitter purchase was planted by sycophants deferential to the billionaire who will never give him hard, truthful advice, because they wish to stay close to him.
  • the one time he receives actual, honest feedback from Agrawal, Musk behaves aggressively and impulsively, sealing his fate.
Javier E

U.S. History Has Plenty of Good and Bad. Here's How to See Both. - WSJ - 0 views

  • I believe that most of us are willing to broaden our understanding of our country’s history to look at both the best and the worst. But we often can’t—not for intellectual reasons but because of unrecognized psychological ones. Understanding those psychological roadblocks is a formidable challenge. But it’s crucial to do so if we want to get past them.
  • Let’s begin with the four reasons our minds sometimes make it hard to have a more honest, nuanced view of our history.
  • First, our minds tend to play down our wrongdoing from the past.
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  • Our minds are asymmetric judges, applying harsher moral judgment to present and future transgressions than past ones. It is as if the past becomes blurry. We even tend to blame the victim of a past event more than we blame the victim of a future one.
  • Third, our minds struggle with the negative emotions that our country’s complicated past gives rise to.
  • Research shows we are drawn to a sentimental form of history—nostalgia—which leads us to feel more loved, more protected, and even more competent in our ability to start and maintain relationships.
  • Nostalgia is often tied to the identities that we care most deeply about, such as our family or national identity. And, nostalgia is big business—in fashion, advertising, music and tourism, among other things.
  • Second, our minds tend to overplay sweet memories that favor our ancestors from the past.
  • When we learn about historical atrocities, particularly ones that expose our limited knowledge, contradict the narratives we believe, or implicate our own ancestors, we might experience shame, guilt, disbelief or anger. In response, we have a natural desire to pull away from the new knowledge and perhaps even refute it, rather than try to better understand it.
  • Fourth, our minds want to pick either a beautiful or a brutal narrative.
  • Contradictions, though, pocket our history, beginning with forefathers who had an extraordinary vision of equality, and simultaneously enslaved other humans
  • Our minds resist the paradoxes that characterize our country’s past. It’s so much less psychologically painful to pick one path than to grapple with both ideas at the same time.
  • Tools to useWhile the past is in the past, we can address the psychological challenge, however formidable, in the present. We have tools that will help, and I anticipate (and hope) that our debates will take on more psychological nuance as we shift from arguments over whether to explore our history more fully to how to do it.
  • For example, research shows the importance of returning to our values again and again as a way of inoculating us from setbacks
  • The daily arguments over curfews or messy rooms or study habits can cause us to shut down (“Do whatever you want”) or double down (“I’m your parent and you’ll do what I say”). Instead, it’s helpful to remind ourselves and our children that a parent has three jobs—to teach them, to protect them and to love them. Just doing that can ground us, and enable us to stay engaged, resilient and calm.
  • Similarly, when we confront a historical event, it can help to reflect on questions like, “Which American ideals do you most value?” and, “How do you hope others see your country?
  • You can even write out your responses, share them with others, and reread what you have written. Think of it as a values booster shot
  • Say, for instance, that you deeply value freedom. Keeping this value in your thoughts can help you notice the ways in which this country has delivered on the promise of freedom in important ways. But it also enables you to consider the disheartening realizations when those freedoms are not upheld.
  • esearch by Wendy Smith and others shows that we are capable of embracing paradox, rather than rejecting it. It doesn’t always come naturally. But we simply need to give ourselves permission to allow multiple truths to coexist.
  • In a paradox mind-set, we allow both of these things to be true. When both are true, we can challenge our either/or assumptions, and be more creative in finding solutions.
  • When you spot the paradox, allow both things to be true and observe if your mind shifts from solving the unsolvable puzzle (reconciling how can both of these things be true) to more deeply processing the knowledge that you may otherwise have pushed away. This is the greater resilience and creativity that comes with a paradox mind-set.
  • We simply need to accept that the formidable challenge will require us to be intentional in our approach.
  • In doing so, we become what I call “gritty patriots.” Psychologist Angela Duckworth defines grit as “passion and perseverance in pursuit of a meaningful, long-term goal.” Love of country is not something we are entitled to; it is something we work toward, with grit.
Javier E

Google Devising Radical Search Changes to Beat Back AI Rivals - The New York Times - 0 views

  • Google’s employees were shocked when they learned in March that the South Korean consumer electronics giant Samsung was considering replacing Google with Microsoft’s Bing as the default search engine on its devices.
  • Google’s reaction to the Samsung threat was “panic,” according to internal messages reviewed by The New York Times. An estimated $3 billion in annual revenue was at stake with the Samsung contract. An additional $20 billion is tied to a similar Apple contract that will be up for renewal this year.
  • A.I. competitors like the new Bing are quickly becoming the most serious threat to Google’s search business in 25 years, and in response, Google is racing to build an all-new search engine powered by the technology. It is also upgrading the existing one with A.I. features, according to internal documents reviewed by The Times.
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  • Google has been worried about A.I.-powered competitors since OpenAI, a San Francisco start-up that is working with Microsoft, demonstrated a chatbot called ChatGPT in November. About two weeks later, Google created a task force in its search division to start building A.I. products,
  • Modernizing its search engine has become an obsession at Google, and the planned changes could put new A.I. technology in phones and homes all over the world.
  • Magi would keep ads in the mix of search results. Search queries that could lead to a financial transaction, such as buying shoes or booking a flight, for example, would still feature ads on their results pages.
  • Google has been doing A.I. research for years. Its DeepMind lab in London is considered one of the best A.I. research centers in the world, and the company has been a pioneer with A.I. projects, such as self-driving cars and the so-called large language models that are used in the development of chatbots. In recent years, Google has used large language models to improve the quality of its search results, but held off on fully adopting A.I. because it has been prone to generating false and biased statements.
  • Now the priority is winning control of the industry’s next big thing. Last month, Google released its own chatbot, Bard, but the technology received mixed reviews.
  • The system would learn what users want to know based on what they’re searching when they begin using it. And it would offer lists of preselected options for objects to buy, information to research and other information. It would also be more conversational — a bit like chatting with a helpful person.
  • The Samsung threat represented the first potential crack in Google’s seemingly impregnable search business, which was worth $162 billion last year.
  • Last week, Google invited some employees to test Magi’s features, and it has encouraged them to ask the search engine follow-up questions to judge its ability to hold a conversation. Google is expected to release the tools to the public next month and add more features in the fall, according to the planning document.
  • The company plans to initially release the features to a maximum of one million people. That number should progressively increase to 30 million by the end of the year. The features will be available exclusively in the United States.
  • Google has also explored efforts to let people use Google Earth’s mapping technology with help from A.I. and search for music through a conversation with a chatbot
  • A tool called GIFI would use A.I. to generate images in Google Image results.
  • Tivoli Tutor, would teach users a new language through open-ended A.I. text conversations.
  • Yet another product, Searchalong, would let users ask a chatbot questions while surfing the web through Google’s Chrome browser. People might ask the chatbot for activities near an Airbnb rental, for example, and the A.I. would scan the page and the rest of the internet for a response.
  • “If we are the leading search engine and this is a new attribute, a new feature, a new characteristic of search engines, we want to make sure that we’re in this race as well,”
Javier E

Carole Hooven On Harvard's Existential Crisis - 0 views

  • The most salutary aspect of this whole affair is that it has really helped expose the core disagreement in our current culture war. One side believes, as I do, that individual merit exists, and should be the core criterion for admission to a great university, regardless of an individual’s racial or sexual identity, and so on. The other side believes that merit doesn’t exist at all outside the oppressive paradigm of racial and sexual identity, and that membership in a designated “marginalized” group should therefore be the core criterion for advancement in academia.
  • so they discriminate against individuals on the grounds of their race before they consider merit.
  • For example: If you are black and in the fourth lowest decile of SATs and GPAs among Harvard applicants, you have a higher chance of getting into Harvard (12.8 percent admitted) than an Asian-American in the very top decile (12.7 admitted). It’s rigged, which is why it was shut down by SCOTUS.
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  • there is no debate. There’s a trade-off. But once you make identity a core qualification, you’re opening up a whole world of racist anti-racism.
  • Most Americans believe in individual merit, and advancement regardless of identity. Harvard and our new elite believe that our society is so structured as an enduring “white supremacy” that merit can only be considered after you have accounted for the effects of “intersectional oppression.”
  • each moment of truth puts a crack in the stifling, authoritarian edifice of DEI. We can bring this corruption to light. We can hold them to account. I’m certainly more hopeful about the future of liberal society now than I was a month ago.
  • the only way to cover it all up, of course, is to abolish testing students entirely (which is what so many elite colleges and universities are now doing) or to give all students an A or an A-, making any distinctions of excellence irrelevant.
  • When push comes to shove, when there is a finite number of places available, you’re in a zero-sum predicament. You have to pick between a smarter student of the wrong race and a weaker student of the right race. In the end at Harvard, being in the right race — not merit — determines your chances.
  • The more people see this for the systemic racism it is, the sooner we can throw this neo-Marxist cuckoo out of the liberal nest, and return to the airing of all ideas, regardless of the subject matter or the identity of the students
  • That’s how you can claim, as Gay does, that “diversity” and “excellence” go hand in hand, when obviously, at some point they can and do conflict.
  • The response to all this from the CRT crowd has been to insist — ever more strongly — that Gay is simply and only a victim of racism, or, in woke terminology, a victim of misogynoir. The fact that a white female university president at those same hearings lost her job before Gay did — and without any plagiarism questions — doesn’t count.
  • In the Congressional hearings, moreover, she showed little gravitas, grace, or ability to think on her feet. She has largely hidden from public view since the plagiarism revelations — not a good instinct for a leader of a huge, public-facing institution like Harvard. She is, quite obviously, a run-of-the-mill woke academic, who was promoted at breakneck speed because of her race and sex, and found herself quickly out of her depth.
  • When you look instead at what she has done as an administrator, which is where she has been focused more recently, you see it has almost all been about hiring on the basis of sex and race, persecuting heretical members of racial minorities, and removing paintings of dead white dudes. She is, at least, consistent.
  • And let’s be honest: we can all see with our own eyes that subordinating merit to race and sex is how Gay got her position. Her work, beyond the sloppy dime-store plagiarism, would be underwhelming for an average member of any faculty in the country. But for a Harvard president, it’s astonishingly mid
Javier E

Opinion | Ozempic Is Repairing a Hole in Our Diets Created by Processed Foods - The New... - 0 views

  • In the United States (where I now split my time), over 70 percent of people are overweight or obese, and according to one poll, 47 percent of respondents said they were willing to pay to take the new weight-loss drugs.
  • They cause users to lose an average of 10 to 20 percent of their body weight, and clinical trials suggest that the next generation of drugs (probably available soon) leads to a 24 percent loss, on average
  • I was born in 1979, and by the time I was 21, obesity rates in the United States had more than doubled. They have skyrocketed since. The obvious question is, why? And how do these new weight-loss drugs work?
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  • The answer to both lies in one word: satiety. It’s a concept that we don’t use much in everyday life but that we’ve all experienced at some point. It describes the sensation of having had enough and not wanting any more.
  • The primary reason we have gained weight at a pace unprecedented in human history is that our diets have radically changed in ways that have deeply undermined our ability to feel sated
  • The evidence is clear that the kind of food my father grew up eating quickly makes you feel full. But the kind of food I grew up eating, much of which is made in factories, often with artificial chemicals, left me feeling empty and as if I had a hole in my stomach
  • In a recent study of what American children eat, ultraprocessed food was found to make up 67 percent of their daily diet. This kind of food makes you want to eat more and more. Satiety comes late, if at all.
  • After he moved in 2000 to the United States in his 20s, he gained 30 pounds in two years. He began to wonder if the American diet has some kind of strange effect on our brains and our cravings, so he designed an experiment to test it.
  • He and his colleague Paul Johnson raised a group of rats in a cage and gave them an abundant supply of healthy, balanced rat chow made out of the kind of food rats had been eating for a very long time. The rats would eat it when they were hungry, and then they seemed to feel sated and stopped. They did not become fat.
  • then Dr. Kenny and his colleague exposed the rats to an American diet: fried bacon, Snickers bars, cheesecake and other treats. They went crazy for it. The rats would hurl themselves into the cheesecake, gorge themselves and emerge with their faces and whiskers totally slicked with it. They quickly lost almost all interest in the healthy food, and the restraint they used to show around healthy food disappeared. Within six weeks, their obesity rates soared.
  • They took all the processed food away and gave the rats their old healthy diet. Dr. Kenny was confident that they would eat more of it, proving that processed food had expanded their appetites. But something stranger happened. It was as though the rats no longer recognized healthy food as food at all, and they barely ate it. Only when they were starving did they reluctantly start to consume it again.
  • Drugs like Ozempic work precisely by making us feel full.
  • processed and ultraprocessed food create a raging hole of hunger, and these treatments can repair that hole
  • the drugs are “an artificial solution to an artificial problem.”
  • Yet we have reacted to this crisis largely caused by the food industry as if it were caused only by individual moral dereliction
  • Why do we turn our anger inward and not outward at the main cause of the crisis? And by extension, why do we seek to shame people taking Ozempic but not those who, say, take drugs to lower their blood pressure?
  • The first is the belief that obesity is a sin.
  • The second idea is that we are all in a competition when it comes to weight. Ours is a society full of people fighting against the forces in our food that are making us fatter.
  • Looked at in this way, people on Ozempic can resemble cyclists like Lance Armstrong who used performance-enhancing drugs.
  • We can’t find our way to a sane, nontoxic conversation about obesity or Ozempic until we bring these rarely spoken thoughts into the open and reckon with them
  • remember the competition isn’t between you and your neighbor who’s on weight-loss drugs. It’s between you and a food industry constantly designing new ways to undermine your satiety.
  • Reducing or reversing obesity hugely boosts health, on average: We know from years of studying bariatric surgery that it slashes the risks of cancer, heart disease and diabetes-related death. Early indications are that the new anti-obesity drugs are moving people in a similar radically healthier direction,
  • But these drugs may increase the risk for thyroid cancer.
  • Do we want these weight loss drugs to be another opportunity to tear one another down? Or do we want to realize that the food industry has profoundly altered the appetites of us all — leaving us trapped in the same cage, scrambling to find a way out?
Javier E

Opinion | The Limits of Moralism in Israel and Gaza - The New York Times - 0 views

  • Foreign policy can make a mockery of moral certitude. You’re trying to master a landscape of anarchy policed by violence, where ideological differences make American polarization look like genial neighborliness, where even a superpower’s ability to impose its will dissolves with distance, where any grand project requires alliances with tyranny and worse.
  • This seems clear when you consider the dilemmas of the past
  • It’s why the “good war” of World War II involved a partnership with a monster in Moscow and the subjection of half of Europe to totalitarian oppression.
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  • It’s why the “bad war” of Vietnam was only escaped at the cost of betraying the South Vietnamese and making a deal with yet another monster in Beijing.
  • The alternative is a form of argument in which essential aspects of the world, being inconvenient to moral absolutism, simply disappear.
  • A “realist” foreign policy can slide from describing power to excusing depredations.
  • But seeing statecraft as a tragic balancing of evils is still essential, especially amid the kind of moral fervor that attends a conflict like Israel’s war in Gaza.
  • But in active controversies the tragic vision can seem like a cold way of looking at the world. Lean into it too hard, and you get accused of ignoring injustice or recapitulating the indifference that gave cover to past atrocities.
  • The difficulty is that liberal “freedom” is on offer almost nowhere in the Middle East, certainly not in Gaza under Hamas’s rule, and the most challenging “otherness of beliefs” in this situation are the beliefs that motivated the massacres of Oct. 7.
  • a hype around Israeli moral failures — it's not enough for a war that yields so many casualties to be unjust, if it’s wrong it must be genocide — that ends up suppressing the harsh implications of a simple call for peace.
  • A representative passage, from Pankaj Mishra in The London Review of Books, describes many protesters as “motivated by the simple wish to uphold the ideals that seemed so universally desirable after 1945: respect for freedom, tolerance for the otherness of beliefs and ways of life; solidarity with human suffering; and a sense of moral responsibility for the weak and persecuted.”
  • No doubt many campus protesters have these motivations.
  • The alternative articulated by, for instance, Mitt Romney — “We stand by allies, we don’t second-guess them” — is not a serious policy for a hegemon balancing its global obligations
  • For example, reading the apologia for pro-Palestinian protests from certain left-wing intellectuals, you have a sense of both elision and exaggeration
  • seem untroubled by this fact, and perfectly comfortable with supporting not just peaceful negotiation but a revolutionary struggle led by Islamist fanatics.
  • Which yields the moral dilemma the protests don’t acknowledge: Ending the war on the terms they want could grant a major strategic victory to the regional alliance dedicated to the murder of Israelis and their expulsion from the Middle East.
  • Maybe the Gaza war is unjust enough, and Israeli goals unachievable enough, that there’s no alternative to vindicating Hamas’s blood-soaked strategy
  • you have to be honest about what you’re endorsing: a brutal weighing-out of evils, not any sort of triumph for “universally desirable” ideals.
  • Then a similar point applies to supporters of the Israeli war, for whom moral considerations — the evil of Hamas, the historical suffering of the Jewish people, the special American relationship with Israel — are invoked as an argument-ender in an inflexible way
  • We are constantly urged to “stand with Israel” when it’s unclear if Israel knows what it’s doing.
  • Joe Biden’s administration is chastised for betrayal when it tries to influence Israel’s warmaking, even though the Israeli government’s decisions before and since Oct. 7 do not inspire great confidence.
  • Biden’s specific attempts to micromanage the conflict may be misguided or hamfisted
  • But it’s not misguided for America, an imperium dealing with multiplying threats, to decline to write a blank check for a war being waged without a clear plan for victory or for peace.
  • Another difficulty is that some instigators of the protests
  • In each case, you have a desire that mirrors the impulse of the left-wing intellectuals — to make foreign policy easy by condensing everything to a single moral judgment. But the problems of the world cannot be so easily reduced.
  • Being cold-eyed and tragic-minded does not mean abandoning morality. But it means recognizing that often nobody is simply right, no single approach is morally obvious, and no strategy is clean.
Javier E

Opinion | Biden's Approval Is Low, Except Compared With Everyone Else's - The New York ... - 0 views

  • Q. What do you call someone who speaks only one language?A. An American.
  • in general, Americans’ lack of language skills is less important than their insularity, their relative unfamiliarity with what happens and how things work in other nations.
  • Other countries, especially wealthy ones that more or less match the United States in technological development and general ability to get things done, are a sort of mirror that helps us see ourselves more clearly. Yet many Americans, even supposedly knowledgeable commentators, often seem unaware of both the ways other nations are similar to us and the ways they are different.
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  • how many are aware that President Biden is among the more popular — well, less unpopular — leaders in the Western world?
  • First, let’s talk about some other international comparisons that seem relevant to the current situation.
  • But public perception of our economic performance is strongly colored by rising prices. Inflation — the rate at which prices are rising — has subsided a lot, but prices haven’t and won’t come down
  • No matter what we did, many people were going to die — but the death toll was affected by politics, perhaps especially by the way vaccines became a front in the culture war. And America had a really bad pandemic, even compared with its peers. U.S. life expectancy was already lagging behind comparable countries’ by 2019, but the gap widened after Covid-19 struck.
  • On the other hand, the U.S. economy experienced an exceptionally strong bounce back from the pandemic recession. Even after adjusting for inflation, U.S. gross domestic product per capita is up 7 percent since the eve of the pandemic, greatly exceeding growth in other major wealthy economies
  • This would seem on the face of it to say something good about Biden’s economic policies.
  • Although we hear politicians on the campaign trail trying to make hay with the old Reagan-era question — Are you better off than you were four years ago? — there’s a lot of amnesia about what was actually happening in 2020, namely a deadly, terrifying pandemic
  • there have been huge recriminations against policymakers, both the Biden administration and the Federal Reserve, either for supposedly causing the bout of inflation or at any rate failing to prevent it.
  • the similarities between the wealthiest nations are more revealing than their differences.
  • Inflation surged almost everywhere after the pandemic. And if you take care to compare “apples to Äpfel” — to use the same consumer price measures — inflation has been remarkably similar in different countries.
  • Since the eve of the pandemic, the Harmonized Index of Consumer Prices has risen 19.6 percent in the United States and 19.8 percent in the euro area.
  • This strongly suggests that pandemic-related disruptions, rather than national policies, were inflation’s main driver.
  • Still, inflation rankles voters. Even when income growth exceeds inflation, as it has in the United States, people tend to feel that they earned their higher wages only to have them snatched away by higher prices
  • this is probably the most important reason that, according to tracking polls conducted by Morning Consult, every single leader of a Group of 7 nation is underwater, with more voters disapproving than approving of their leadership.
  • So who’s the winner of this unpopularity contest? Who has the least bad net approval? The answer is Joe Biden, with Giorgia Meloni of Italy a close second. The other Group of 7 leaders are even more unpopular
  • this has political consequences
  • every political analysis that says the fault for Biden’s low approval lies with the president and his campaign — that he’s too old (although that narrative, after suddenly peaking, mostly faded away after his State of the Union address) or is out of touch with the concerns of “real” Americans — needs to explain why he’s doing less badly than his foreign peers.
Javier E

Why Didn't the Government Stop the Crypto Scam? - 1 views

  • Securities and Exchange Commission Chair Gary Gensler, who took office in April of 2021 with a deep background in Wall Street, regulatory policy, and crypto, which he had taught at MIT years before joining the SEC. Gensler came in with the goal of implementing the rule of law in the crypto space, which he knew was full of scams and based on unproven technology. Yesterday, on CNBC, he was again confronted with Andrew Ross Sorkin essentially asking, “Why were you going after minor players when this Ponzi scheme was so flagrant?”
  • Cryptocurrencies are securities, and should fit under securities law, which would have imposed rules that would foster a de facto ban of the entire space. But since regulators had not actually treated them as securities for the last ten years, a whole new gray area of fake law had emerged
  • Almost as soon as he took office, Gensler sought to fix this situation, and treat them as securities. He began investigating important players
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  • But the legal wrangling to just get the courts to treat crypto as a set of speculative instruments regulated under securities law made the law moot
  • In May of 2022, a year after Gensler began trying to do something about Terra/Luna, Kwon’s scheme blew up. In a comically-too-late-to-matter gesture, an appeals court then said that the SEC had the right to compel information from Kwon’s now-bankrupt scheme. It is absolute lunacy that well-settled law, like the ability for the SEC to investigate those in the securities business, is now being re-litigated.
  • many crypto ‘enthusiasts’ watching Gensler discuss regulation with his predecessor “called for their incarceration or worse.”
  • it wasn’t just the courts who were an impediment. Gensler wasn’t the only cop on the beat. Other regulators, like those at the Commodities Futures Trading Commission, the Federal Reserve, or the Office of Comptroller of the Currency, not only refused to take action, but actively defended their regulatory turf against an attempt from the SEC to stop the scams.
  • Behind this was the fist of political power. Everyone saw the incentives the Senate laid down when every single Republican, plus a smattering of Democrats, defeated the nomination of crypto-skeptic Saule Omarova in becoming the powerful bank regulator at the Comptroller of the Currency
  • Instead of strong figures like Omarova, we had a weakling acting Comptroller Michael Hsu at the OCC, put there by the excessively cautious Treasury Secretary Janet Yellen. Hsu refused to stop bank interactions with crypto or fintech because, as he told Congress in 2021, “These trends cannot be stopped.”
  • It’s not just these regulators; everyone wanted a piece of the bureaucratic pie. In March of 2022, before it all unraveled, the Biden administration issued an executive order on crypto. In it, Biden said that virtually every single government agency would have a hand in the space.
  • That’s… insane. If everyone’s in charge, no one is.
  • And behind all of these fights was the money and political prestige of some most powerful people in Silicon Valley, who were funding a large political fight to write the rules for crypto, with everyone from former Treasury Secretary Larry Summers to former SEC Chair Mary Jo White on the payroll.
  • (Even now, even after it was all revealed as a Ponzi scheme, Congress is still trying to write rules favorable to the industry. It’s like, guys, stop it. There’s no more bribe money!)
  • Moreover, the institution Gensler took over was deeply weakened. Since the Reagan administration, wave after wave of political leader at the SEC has gutted the place and dumbed down the enforcers. Courts have tied up the commission in knots, and Congress has defanged it
  • Under Trump crypto exploded, because his SEC chair Jay Clayton had no real policy on crypto (and then immediately went into the industry after leaving.) The SEC was so dormant that when Gensler came into office, some senior lawyers actually revolted over his attempt to make them do work.
  • In other words, the regulators were tied up in the courts, they were against an immensely powerful set of venture capitalists who have poured money into Congress and D.C., they had feeble legal levers, and they had to deal with ‘crypto enthusiasts' who thought they should be jailed or harmed for trying to impose basic rules around market manipulation.
  • The bottom line is, Gensler is just one regulator, up against a lot of massed power, money, and bad institutional habits. And we as a society simply made the choice through our elected leaders to have little meaningful law enforcement in financial markets, which first became blindingly obvious in 2008 during the financial crisis, and then became comical ten years later when a sector whose only real use cases were money laundering
  • , Ponzi scheming or buying drugs on the internet, managed to rack up enough political power to bring Tony Blair and Bill Clinton to a conference held in a tax haven billed as ‘the future.’
  • It took a few years, but New Dealers finally implemented a workable set of securities rules, with the courts agreeing on basic definitions of what was a security. By the 1950s, SEC investigators could raise an eyebrow and change market behavior, and the amount of cheating in finance had dropped dramatically.
  • By 1935, the New Dealers had set up a new agency, the Securities and Exchange Commission, and cleaned out the FTC. Yet there was still immense concern that Roosevelt had not been able to tame Wall Street. The Supreme Court didn’t really ratify the SEC as a constitutional body until 1938, and nearly struck it down in 1935 when a conservative Supreme Court made it harder for the SEC to investigate cases.
  • Institutional change, in other words, takes time.
  • It’s a lesson to remember as we watch the crypto space melt down, with ex-billionaire Sam Bankman-Fried
  • It’s not like perfidy in crypto was some hidden secret. At the top of the market, back in December 2021, I wrote a piece very explicitly saying that crypto was a set of Ponzi schemes. It went viral, and I got a huge amount of hate mail from crypto types
  • one of the more bizarre aspects of the crypto meltdown is the deep anger not just at those who perpetrated it, but at those who were trying to stop the scam from going on. For instance, here’s crypto exchange Coinbase CEO Brian Armstrong, who just a year ago was fighting regulators vehemently, blaming the cops for allowing gambling in the casino he helps run.
  • FTX.com was an offshore exchange not regulated by the SEC. The problem is that the SEC failed to create regulatory clarity here in the US, so many American investors (and 95% of trading activity) went offshore. Punishing US companies for this makes no sense.
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