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Javier E

The Great Disconnect: Why Voters Feel One Way About the Economy but Act Differently - T... - 0 views

www.nytimes.com/...economy-voters-poll.html

voter attitudes 2023

shared by Javier E on 20 Nov 23 - No Cached
  • By traditional measures, the economy is strong. Inflation has slowed significantly. Wages are increasing. Unemployment is near a half-century low. Job satisfaction is up.
  • Yet Americans don’t necessarily see it that way. In the recent New York Times/Siena College poll of voters in six swing states, eight in 10 said the economy was fair or poor. Just 2 percent said it was excellent. Majorities of every group of Americans — across gender, race, age, education, geography, income and party — had an unfavorable view.
  • To make the disconnect even more confusing, people are not acting the way they do when they believe the economy is bad. They are spending, vacationing and job-switching the way they do when they believe it’s good.
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  • “People have faced higher prices and that is difficult, but that doesn’t explain why people have not cut back,” she said of a phenomenon known as revealed preference. “They have spent as if they see nothing but good times in front of them. So why are their actions so out of whack with their words?”
  • Many said their own finances were good enough — they had jobs, owned houses, made ends meet. But they felt as if they were “just getting by,” with “nothing left over.” Many felt angry and anxious over prices and the pandemic and politics.
  • Also, economists said, wages have increased alongside prices. Real median earnings for full-time workers are slightly higher than at the end of 2019, and for many low earners, their raises have outpaced inflation. But it’s common for people to think about prices at face value, rather than relative to their income, a habit economists call money illusion.
  • “The pandemic shattered a lot of illusions of control,” Professor Stevenson said. “I wonder how much that has made us more aware of all the places we don’t have control, over prices, over the housing market.”
  • Inflation weighed heavily on voters — nearly all of them mentioned frustration at the price of something they buy regularly.
  • Consumer prices were up 3.2 percent in October from the year before, a decline in the year-over-year inflation rate from more than 8 percent in mid-2022. But inflation “casts a long shadow on how people evaluate things,” said Lawrence Katz, an economist at Harvard. Some people may expect prices to return to what they were before — something that rarely happens
  • Those feelings may be driving attitudes about the economy, economists speculated, sounding more like their colleagues from another branch of social science, psychology.
  • Younger people — who were a key to President Biden’s win in 2020 but showed less support for him in the new poll — had concerns specific to their phase of life. In the poll, 93 percent of them rated the economy unfavorably, more than any other age group.
  • “Everyone thinks a wage increase is something they deserve, and a price increase is imposed by the economy on them,” Professor Katz said.
  • There’s a sense that it’s become harder to achieve the things their parents did, like buying a home. Houses are less affordable than at the height of the 2006 bubble, and less than half of Americans can afford one.
  • “More than likely, half my income will go toward rent,” he said. “I was really hoping on that student loan forgiveness.”
  • Yet overall, economists said, data shows that more people are quitting jobs to start better ones, moving to more desirable places because they can work remotely, and starting new businesses.
  • He said he makes almost $80,000, serving in the military and working as a DoorDash deliverer, yet feels he had more spending money a decade ago, when he was two pay grades lower.
  • he uncertainty Mr. Blanck and Ms. Linn share about the future ran through many voters’ stories, darkening their economic outlook.
  • “The degree of volatility that we’ve experienced from different events — from the pandemic, from inflation — leaves them not confident that even if objectively good things are going on, it’s going to persist,”
  • In response to the pandemic, the United States built an extensive welfare state, and it has since been dismantled. While wealth has increased for families across the income spectrum, data shows, and there are indications that inequality could be shrinking, the changes have been small relative to decades of growing inequality, leading to a sense for some that the system is rigged.
  • “When things are going well, that means rich people are getting richer and all of us are pretty much second,” said Manuel Zimberoff, 26, a manufacturing engineer in Philadelphia. “And if things are going poorly, rich people are still getting richer, and all of us are screwed.”
  • For roughly two decades, partisanship has increasingly been correlated with views about the economy: Research has shown that people rate the economy more poorly when their party is not in power. Nearly every Republican in the poll rated the economy unfavorably, and 59 percent of Democrats did.
  • He brought up U.S. funding in Ukraine and the Middle East. He wanted to know: Is that the reason our economy is “slowing down?” He wasn’t sure, but he thought it might be. He plans to vote for “the Republican, any Republican,” he said. “Democrats have disappointed me.”
Javier E

Opinion | The OpenAI drama explains the human penchant for risk-taking - The Washington... - 0 views

www.washingtonpost.com/...nity-risk-alignment-technology

AI threat human weaknesses policy

shared by Javier E on 21 Nov 23 - No Cached
  • Along with more pedestrian worries about various ways that AI could harm users, one side worried that ChatGPT and its many cousins might thrust humanity onto a kind of digital bobsled track, terminating in disaster — either with the machines wiping out their human progenitors or with humans using the machines to do so themselves. Once things start moving in earnest, there’s no real way to slow down or bail out, so the worriers wanted everyone to sit down and have a long think before getting anything rolling too fast.
  • Skeptics found all this a tad overwrought. For one thing, it left out all the ways in which AI might save humanity by providing cures for aging or solutions to global warming. And many folks thought it would be years before computers could possess anything approaching true consciousness, so we could figure out the safety part as we go. Still others were doubtful that truly sentient machines were even on the horizon; they saw ChatGPT and its many relatives as ultrasophisticated electronic parrots
  • Worrying that such an entity might decide it wants to kill people is a bit like wondering whether your iPhone would prefer to holiday in Crete or Majorca next summer.
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  • OpenAI was was trying to balance safety and development — a balance that became harder to maintain under the pressures of commercialization.
  • It was founded as a nonprofit by people who professed sincere concern about taking things safe and slow. But it was also full of AI nerds who wanted to, you know, make cool AIs.
  • OpenAI set up a for-profit arm — but with a corporate structure that left the nonprofit board able to cry “stop” if things started moving too fast (or, if you prefer, gave “a handful of people with no financial stake in the company the power to upend the project on a whim”).
  • On Friday, those people, in a fit of whimsy, kicked Brockman off the board and fired Altman. Reportedly, the move was driven by Ilya Sutskever, OpenAI’s chief scientist, who, along with other members of the board, has allegedly clashed repeatedly with Altman over the speed of generative AI development and the sufficiency of safety precautions.
  • Chief among the signatories was Sutskever, who tweeted Monday morning, “I deeply regret my participation in the board’s actions. I never intended to harm OpenAI. I love everything we’ve built together and I will do everything I can to reunite the company.”
  • Humanity can’t help itself; we have kept monkeying with technology, no matter the dangers, since some enterprising hominid struck the first stone ax.
  • a software company has little in the way of tangible assets; its people are its capital. And this capital looks willing to follow Altman to where the money is.
  • More broadly still, it perfectly encapsulates the AI alignment problem, which in the end is also a human alignment problem
  • And that’s why we are probably not going to “solve” it so much as hope we don’t have to.
  • it’s also a valuable general lesson about corporate structure and corporate culture. The nonprofit’s altruistic mission was in tension with the profit-making, AI-generating part — and when push came to shove, the profit-making part won.
  • When scientists started messing with the atom, there were real worries that nuclear weapons might set Earth’s atmosphere on fire. By the time an actual bomb was exploded, scientists were pretty sure that wouldn’t happen
  • But if the worries had persisted, would anyone have behaved differently — knowing that it might mean someone else would win the race for a superweapon? Better to go forward and ensure that at least the right people were in charge.
  • Now consider Sutskever: Did he change his mind over the weekend about his disputes with Altman? More likely, he simply realized that, whatever his reservations, he had no power to stop the bobsled — so he might as well join his friends onboard. And like it or not, we’re all going with them.
Javier E

Before OpenAI, Sam Altman was fired from Y Combinator by his mentor - The Washington Post - 0 views

www.washingtonpost.com/...fired-y-combinator-paul-graham

AI founder ethics opportunistic

shared by Javier E on 22 Nov 23 - No Cached
  • Four years ago, Altman’s mentor, Y Combinator founder Paul Graham, flew from the United Kingdom to San Francisco to give his protégé the boot, according to three people familiar with the incident, which has not been previously reported
  • Altman’s clashes, over the course of his career, with allies, mentors and even members of a corporate structure he endorsed, are not uncommon in Silicon Valley, amid a culture that anoints wunderkinds, preaches loyalty and scorns outside oversight.
  • Though a revered tactician and chooser of promising start-ups, Altman had developed a reputation for favoring personal priorities over official duties and for an absenteeism that rankled his peers and some of the start-ups he was supposed to nurture
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  • The largest of those priorities was his intense focus on growing OpenAI, which he saw as his life’s mission, one person said.
  • A separate concern, unrelated to his initial firing, was that Altman personally invested in start-ups he discovered through the incubator using a fund he created with his brother Jack — a kind of double-dipping for personal enrichment that was practiced by other founders and later limited by the organization.
  • “It was the school of loose management that is all about prioritizing what’s in it for me,” said one of the people.
  • a person familiar with the board’s proceedings said the group’s vote was rooted in worries he was trying to avoid any checks on his power at the company — a trait evidenced by his unwillingness to entertain any board makeup that wasn’t heavily skewed in his favor.
  • Graham had surprised the tech world in 2014 by tapping Altman, then in his 20s, to lead the vaunted Silicon Valley incubator. Five years later, he flew across the Atlantic with concerns that the company’s president put his own interests ahead of the organization — worries that would be echoed by OpenAI’s board
  • The same qualities have made Altman an unparalleled fundraiser, a consummate negotiator, a powerful leader and an unwanted enemy, winning him champions in former Google Chairman Eric Schmidt and Airbnb CEO Brian Chesky.
  • “Ninety plus percent of the employees of OpenAI are saying they would be willing to move to Microsoft because they feel Sam’s been mistreated by a rogue board of directors,” said Ron Conway, a prominent venture capitalist who became friendly with Altman shortly after he founded Loopt, a location-based social networking start-up, in 2005. “I’ve never seen this kind of loyalty anywhere.”
  • But Altman’s personal traits — in particular, the perception that he was too opportunistic even for the go-getter culture of Silicon Valley — has at times led him to alienate even some of his closest allies, say six people familiar with his time in the tech world.
  • Altman’s career arc speaks to the culture of Silicon Valley, where cults of personality and personal networks often take the place of stronger management guardrails — from Sam Bankman-Fried’s FTX to Elon Musk’s Twitter
  • But some of Altman’s former colleagues recount issues that go beyond a founder angling for power. One person who has worked closely with Altman described a pattern of consistent and subtle manipulation that sows division between individuals.
  • AI executives, start-up founders and powerful venture capitalists had become aligned in recent months, concerned that Altman’s negotiations with regulators were dangerous to the advancement of the field. Although Microsoft, which owns a 49 percent stake in OpenAI, has long urged regulators to implement guardrails, investors have fixated on Altman, who has captivated legislators and embraced his regular summons to Capitol Hill.
Javier E

Elon Musk, Sam Altman illustrate a Silicon Valley truth: icons are fallible - The Washi... - 0 views

www.washingtonpost.com/...x-musk-openai-altman-big-tech

silicon valley elite tech power

shared by Javier E on 23 Nov 23 - No Cached
  • The mutiny inside OpenAI over the firing and un-firing of chief executive Sam Altman, and the implosion of X under owner Elon Musk, are not just Silicon Valley soap operas. They’re reminders: A select few make the decisions inside these society-shaping platforms, and money drives it all.
  • The two companies built devoted followings by promising to build populist technology for a changing world: X, formerly known as Twitter, with its global village of conversations, and OpenAI, the research lab behind ChatGPT, with its super-intelligent companions for human thought.
  • But under Musk and Altman, the firms largely consolidated power within a small cadre of fellow believers and loyalists who deliberate in secrecy and answer to no one.
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  • “These are technologies that are supposed to be so democratized and universal, but they’re so heavily influenced by one person,”
  • “Everything they do is [framed as] a step toward much larger greatness and the transformation of society. But these are just cults of personality. They sell a product.”
  • during
  • “These are private-sector people making money off something that serves a public function. And when they take a turn because of very personal, very individual decisions, where a handful of people are shaping the trajectory of these companies, maybe even the existence of these companies, that’s something new we all have to deal with.”
  • where the other firms sold phones and search engines, Musk and Altman championed their work as a public mission for protecting mankind, with a for-profit business attached. It is notable that as private companies, they don’t have to report to federal regulators or to shareholders, who can vote down proposals or push back against their work.
  • The corporate storytelling that pushes technology as a force for public harmony has proved to be one of Silicon Valley’s great marketing tools, said Margaret O’Mara, a professor at the University of Washington who studies the history of technology. But it’s also obscured the dangers of centralizing power and subjecting it to leaders’ personal whim
  • “Silicon Valley has for years adopted this messaging and mood that it’s all about radical transparency and openness — remember Google’s ‘Don’t be evil’ motto? — and this idea of a kinder, gentle capitalism that’s going to change the world for the better,” she said.
  • “Then you have these moments of reckoning and remember: It’s capitalism. Some tech billionaires lost, and some other ones are winning,”
  • Jeff Hauser, the head of the left-leaning advocacy group Revolving Door Project, said in a statement Wednesday that Summers’s role on the board was a sign OpenAI was “unserious” about its oversight, and that it “should accelerate concerns that AI will be bad for all but the richest and most opportunistic amongst us.”
  • Ro Khanna, who represents parts of Silicon Valley, said in an interview that the OpenAI turmoil underscores concerns that “a few people, no matter how talented, no matter how knowledgeable, can’t be making the rules for a society on a technology that is going to have such profound consequences.”
  • “We’ve seen a parade of these big tech leaders come to D.C.,” Khanna said. “I think highly of them, but they’re not the ones who should be leading the conversation on the regulatory framework, what safeguards we need.”
  • Musk on Tuesday posted a message, under a picture of him holding a katana, saying, “There is a large graveyard filled with my enemies. I do not wish to add to it, but will if given no choice.”
Javier E

Binance Guilty Plea Shows What Crypto's Really About - WSJ - 0 views

www.wsj.com/...-cryptos-really-about-f84200a3

crypto use

shared by Javier E on 23 Nov 23 - No Cached
  • So it turns out that of the two largest crypto exchanges, one was a fraud and the other was a money launderer. Whoever could have guessed?
  • Skeptics of bitcoin and other cryptocurrencies have had their prejudices reinforced. The two main use cases—fraud and crime—have been exposed to the public in dramatic fashion, so now all we have to do is sit back and wait for the inevitable collapse in value.
  • There must be something underpinning this value, so what is it? Here are the options:
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  • Digital art: The latest fad in crypto is a bitcoin “ordinal,” digital art—or anything else—virtually inscribed on a fraction of a bitcoin in the digital ledger known as the blockchain.
  • The sudden demand supports bitcoin’s value, in the same way that shopping in bitcoin would. I don’t understand why anyone would pay a cent, let alone real money, to inscribe art in the bitcoin blockchain, but hey, whatever floats your boat. 
  • The rise in small bitcoin transactions also shows just how useless it is as a currency, and why it’s nonsensical to think bitcoin could ever be used as real money. The median fee leapt to more than $5 over the past week, even as transaction sizes plunged, an insane cost to pay for something invented as a payment method.
  • Crime: I was tempted a few years ago by the idea that the value of crypto could be underpinned by genuine transactions that need to avoid the financial system: buying illegal drugs; money laundering; avoiding sanctions; anonymous (but legal) pornography purchases; terrorist finance; and ransomware. 
  • Digital gold: When it became clear that bitcoin was useless as a currency, its backers switched to claiming that it is a store of value, with its maximum issuance offering protection against the money-printing tendencies of the Federal Reserve. The argument was tested to destruction over the past two years. Inflation was last below the Fed’s 2% target in February 2021, when one bitcoin cost close to $50,000. By the time inflation peaked in June last year the price had collapsed to $20,000, the opposite of what it should have done.
  • There was a time when savers in countries with dodgy currencies and bad governments would buy bitcoin or other crypto to escape devaluation and avoid capital controls. But the rise of stablecoins allows these savers to buy digital dollars without the pain of trying to open offshore bank accounts, so they have no need for other cryptocurrencies
  • Gambling: Crypto offers a store of volatility more than a store of value. Its volatility makes it an excellent way to bet, and the pretense that it is an investment asset gives speculators cover; it sounds much better to say you are a crypto trader than that you just bet $100,000 at the track.
  • Basing the value of an asset on speculation is risky, because the value depends on everyone else betting that it has value. But so long as the merry-go-round continues, it looks like it has value, and decentralized finance, or DeFi, provides the infrastructure for speculation in the language of Wall Street.
  • Bitcoin’s moves over the past three years have been much closer to the S&P 500 than to gold or inflation. But stocks are an investment in real assets that pay dividends, while bitcoin produces nothing.
  • Lots of that was going on, and Binance has paid the price for helping. Bitcoin isn’t a particularly good way to hide from the cops, anyway, as repeated police busts have demonstrated. Crypto has to clean up its act, so basing its value on illegal transactions no longer makes sense.
  • Bitcoin has failed to live up to its original promise of being cheap online cash, but crypto keeps on reinventing itself. It’s so technically satisfying that it must be the solution to something, but quite what remains a mystery.
Javier E

U.S. Gas Prices Drop Ahead of Thanksgiving Travel - The New York Times - 0 views

www.nytimes.com/...gas-prices-thanksgiving.html

gas prices

shared by Javier E on 23 Nov 23 - No Cached
  • U.S. gasoline prices are plunging just in time for Thanksgiving, and with the OPEC Plus oil cartel in apparent disarray, they could be heading lower for Christmas.
  • The national average price for a gallon of regular gasoline on Wednesday was $3.28, about 6 cents less than a week earlier and 27 cents less than a month ago.
  • Prices have dropped below $3 a gallon in more than a dozen states
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  • The primary reason for lower gasoline prices is the recent weakness of oil prices, which have fallen by more than $15 a barrel, or nearly 20 percent, since early Septembe
  • Demand for fuel has been weak in China and parts of Europe, while production has been strong in Brazil, Canada and the United States.
  • Saudi Arabia had been expected to extend its cuts in production, while cajoling other countries to show restraint as well to bolster prices. But Nigeria and Angola are resisting, and lobbying for higher production quotas
  • “Reaching a new agreement to cut production will prove to be challenging,”
  • He said that although Russia and eight other members of the cartel agreed to cuts in June, “it would be difficult for these countries to accept even lower production quotas.”
  • The uncertainty has served as a signal to traders to bail out of crude.
  • Airfares will be slightly more expensive than last year, the motor club said, but otherwise holiday travel should be cheaper. It said the average price for a domestic hotel stay is down 12 percent from last year, while rental car costs are 20 percent lower.
Javier E

OpenAI 'was working on advanced model so powerful it alarmed staff' | Technology sector... - 0 views

www.theguardian.com/...l-so-powerful-it-alarmed-staff

AI threat OpenAI

shared by Javier E on 24 Nov 23 - No Cached
  • OpenAI was reportedly working on an advanced system before Sam Altman’s sacking that was so powerful it caused safety concerns among staff at the company.
  • The artificial intelligence model triggered such alarm with some OpenAI researchers that they wrote to the board of directors before Altman’s dismissal warning it could threaten humanity, Reuters reported.
  • The model, called Q* – and pronounced as “Q-Star” – was able to solve basic maths problems it had not seen before, according to the tech news site the Information, which added that the pace of development behind the system had alarmed some safety researchers. The ability to solve maths problems would be viewed as a significant development in AI.
Javier E

The climate emergency really is a new type of crisis - consider the 'triple inequality'... - 0 views

www.theguardian.com/...gency-crisis-conference-cop-28

climate emergency crisis triple inequality tooze

shared by Javier E on 24 Nov 23 - No Cached
  • Stare at a climate map of the world that we expect to inhabit 50 years from now and you see a band of extreme heat encircling the planet’s midriff. Climate modelling from 2020 suggests that within half a century about 30% of the world’s projected population – unless they are forced to move – will live in places with an average temperature above 29C. This is unbearably hot. Currently, no more than 1% of Earth’s land surface is this hot, and those are mainly uninhabited parts of the Sahara.
  • The scenario is as dramatic as it is because the regions of the world affected most severely by global heating – above all, sub-Saharan Africa – are those expected to experience the most rapid population growth in coming decades.
  • But despite this population growth, they are also the regions that, on current trends, will contribute least to the emissions that drive the climate disaster.
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  • So extreme is inequality that the lowest-earning 50% of the world population – 4 billion people – account for as little as 12% of total emissions.
  • And those at the very bottom of the pile barely register at all. Mali’s per capita C02 emissions are about one-seventy-fifth of those in the US. Even if the lowest-earning third of the global population – more than 2.6 billion people – were to raise themselves above the $3.2-a-day poverty line, it would increase total emissions by a mere 5% – that is, one-third of the emissions of the richest 1%.
  • Half the world’s population, led by the top 10% of the income distribution – and, above all, by the global elite – drive a globe-spanning productive system that destabilises the environment for everyone
  • The worst effects are suffered by the poorest, and in the coming decades the impact will become progressively more extreme. And yet their poverty means they are virtually powerless to protect themselves.
  • This is the triple inequality that defines the climate global equation: the disparity in responsibility for producing the problem; the disparity in experiencing the impacts of the climate crisis; and the disparity in the available resources for mitigation and adaptation.
  • global heating will pose huge distributional problems. How will climate refugees be resettled? How will the economy adapt?
  • For fragile states such as Iraq, it may prove too much. The risk is that they will tip from just about coping into outright collapse, failing to provide water and the electricity for cooling – the bare essentials for survival in extreme heat
  • You might say, plus ça change. The poor suffer and the rich prosper. But the consequences of the climate triple inequality are radical and new
  • Rich countries have long traded on unequal terms with the poor. During the era of colonialism, they plundered raw materials and enslaved tens of millions. For two generations after decolonisation, economic growth largely bypassed what was then known as the third world.
  • Since the 1980s, with the acceleration of China’s economic growth, the scope of development has dramatically widened.
  • The middle 40% of the world’s income distribution now account for 41% of global emissions, meaning they have achieved a considerable level of energy consumption. But this “global middle class”, concentrated above all in east Asia, crowds out the carbon budget remaining for those on the lowest incomes, and their growth inflicts irreversible damage on some of the poorest and most disempowered people in the world.
  • As we run ever closer to the edge of the environmental envelope – the conditions within which our species can thrive – the development of the rich world systematically undercuts the conditions for survival of billions of people in the climate danger zone
  • They are not so much exploited or bypassed as victimised by the climactic effects of economic growth taking place elsewhere. This violent and indirect entanglement is new in its quality and scale
  • Violent and unequal relationships between groups usually involve some degree of interaction and can, as a result, be resisted. Workers can strike.
  • But arms-length ecological victimisation entails no such relationship and offers correspondingly fewer channels for resistance from within the system.
  • can we not hope for more constructive responses to the triple inequality?
  • This question is still what gives such huge importance to the global climate conferences such as Cop28, which starts on 30 November. They may seem like staid and ritualistic affairs, but it is in such venues that the lethal connection between oil, gas and coal production, rich-world consumption and the lethal risks facing those in the climate danger zone can be articulated in political form.
  • since then the resistance of US and European negotiators has hardened. As we approach Cop28, the organisation and the financing of the fund are yet
  • Such a fund is no solution to the problem of the triple inequality. For that we need a comprehensive energy transition and new models of truly inclusive and sustainable development
  • But a loss and damage fund does one essential thing. It recognises that the global climate crisis is no longer a problem of future development. We have entered the stage where the failure to urgently address the mounting crisis becomes an active process of victimisation. A victimisation that cries out, at least, for an admission of responsibility and adequate compensation.
  • Adam Tooze is a professor of history at Columbia University
Javier E

What's Left for Tech? - Freddie deBoer - 0 views

freddiedeboer.substack.com/...whats-left-for-tech

progress innovation invention transformation tech

shared by Javier E on 26 Nov 23 - No Cached
  • I gave a talk to a class at Northeastern University earlier this month, concerning technology, journalism, and the cultural professions. The students were bright and inquisitive, though they also reflected the current dynamic in higher ed overall - three quarters of the students who showed up were women, and the men who were there almost all sat moodily in the back and didn’t engage at all while their female peers took notes and asked questions. I know there’s a lot of criticism of the “crisis for boys” narrative, but it’s often hard not to believe in it.
  • we’re actually living in a period of serious technological stagnation - that despite our vague assumption that we’re entitled to constant remarkable scientific progress, humanity has been living with real and valuable but decidedly small-scale technological growth for the past 50 or 60 or 70 years, after a hundred or so years of incredible growth from 1860ish to 1960ish, give or take a decade or two on either side
  • I will recommend Robert J. Gordon’s The Rise & Fall of American Growth for an exhaustive academic (and primarily economic) argument to this effect. Gordon persuasively demonstrates that from the mid-19th to mid-20th century, humanity leveraged several unique advancements that had remarkably outsized consequences for how we live and changed our basic existence in a way that never happened before and hasn’t since. Principal among these advances were the process of refining fossil fuels and using them to power all manner of devices and vehicles, the ability to harness electricity and use it to safely provide energy to homes (which practically speaking required the first development), and a revolution in medicine that came from the confluence of long-overdue acceptance of germ theory and basic hygienic principles, the discovery and refinement of antibiotics, and the modernization of vaccines.
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  • The complication that Gordon and other internet-skeptical researchers like Ha-Joon Chang have introduced is to question just how meaningful those digital technologies have been for a) economic growth and b) the daily experience of human life. It can be hard for people who stare at their phones all day to consider the possibility that digital technology just isn’t that important. But ask yourself: if you were forced to live either without your iPhone or without indoor plumbing, could you really choose the latter?
  • Certainly the improvements in medical care in the past half-century feel very important to me as someone living now, and one saved life has immensely emotional and practical importance for many people. What’s more, advances in communication sciences and computer technology genuinely have been revolutionary; going from the Apple II to the iPhone in 30 years is remarkable.
  • we can always debate what constitutes major or revolutionary change
  • The question is, who in 2023 ever says to themselves “smartphone cameras just aren’t good enough”?
  • continued improvements in worldwide mortality in the past 75 years have been a matter of spreading existing treatments and practices to the developing world, rather than the result of new science.
  • When you got your first smartphone, and you thought about what the future would hold, were your first thoughts about more durable casing? I doubt it. I know mine weren’t.
  • Why is Apple going so hard on TITANIUM? Well, where else does smartphone development have to go?
  • The elephant in the room, obviously, is AI.
  • The processors will get faster. They’ll add more RAM. They’ll generally have more power. But for what? To run what? To do what? To run the games that we were once told would replace our PlayStation and Xbox games, but didn’t?
  • Smartphone development has been a good object lesson in the reality that cool ideas aren’t always practical or worthwhile
  • And as impressive as some new development in medicine has been, there’s no question that in simple terms of reducing preventable deaths, the advances seen from 1900 to 1950 dwarf those seen since. To a rem
  • We developed this technology for typewriters and terminals and desktops, it Just Works, and there’s no reason to try and “disrupt” it
  • Instead of one device to rule them all, we developed a norm of syncing across devices and cloud storage, which works well. (I always thought it was pretty funny, and very cynical, how Apple went from calling the iPhone an everything device to later marketing the iPad and iWatch.) In other words, we developed a software solution rather than a hardware one
  • I will always give it up to Google Maps and portable GPS technology; that’s genuinely life-altering, probably the best argument for smartphones as a transformative technology. But let me ask you, honestly: do you still go out looking for apps, with the assumption that you’re going to find something that really changes your life in a significant way?
  • some people are big VR partisans. I’m deeply skeptical. The brutal failures of Meta’s new “metaverse” is just one new example of a decades-long resistance to the technology among consumers
  • maybe I just don’t want VR to become popular, given the potential ugly social consequences. If you thought we had an incel problem now….
  • There were, in those breathless early days, a lot of talk about how people simply wouldn’t own laptops anymore, how your phone would do everything. But it turns out that, for one thing, the keyboard remains an input device of unparalleled convenience and versatility.
  • It’s not artificial intelligence. It thinks nothing like a human thinks. There is no reason whatsoever to believe that it has evolved sentience or consciousness. There is nothing at present that these systems can do that human being simply can’t. But they can potentially do some things in the world of bits faster and cheaper than human beings, and that might have some meaningful consequences. But there is no reasonable, responsible claim to be made that these systems are imminent threats to conventional human life as currently lived, whether for good or for bad. IMO.
  • Let’s mutually agree to consider immediate plausible human technological progress outside of AI or “AI.” What’s coming? What’s plausible?
  • The most consequential will be our efforts to address climate change, and we have the potential to radically change how we generate electricity, although electrifying heating and transportation are going to be harder than many seem to think, while solar and wind power have greater ecological costs than people want to admit. But, yes, that’s potentially very very meaningful
  • It’s another example of how technological growth will still leave us with continuity rather than with meaningful change.
  • I kept thinking was, privatizing space… to do what? A manned Mars mission might happen in my lifetime, which is cool. But a Mars colony is a distant dream
  • This is why I say we live in the Big Normal, the Big Boring, the Forever Now. We are tragic people: we were born just too late to experience the greatest flowering of human development the world has ever seen. We do, however, enjoy the rather hefty consolation prize that we get to live with the affordances of that period, such as not dying of smallpox.
  • I think we all need to learn to appreciate what we have now, in the world as it exists, at the time in which we actually live. Frankly, I don’t think we have any other choice.
Javier E

'We will coup whoever we want!': the unbearable hubris of Musk and the billionaire tech... - 0 views

www.theguardian.com/...-and-the-billionaire-tech-bros

tech hubris billionaire

shared by Javier E on 27 Nov 23 - No Cached
  • there’s something different about today’s tech titans, as evidenced by a rash of recent books. Reading about their apocalypse bunkers, vampiric longevity strategies, outlandish social media pronouncements, private space programmes and virtual world-building ambitions, it’s hard to remember they’re not actors in a reality series or characters from a new Avengers movie.
  • Unlike their forebears, contemporary billionaires do not hope to build the biggest house in town, but the biggest colony on the moon. In contrast, however avaricious, the titans of past gilded eras still saw themselves as human members of civil society.
  • The ChatGPT impresario Sam Altman, whose board of directors sacked him as CEO before he made a dramatic comeback this week, wants to upload his consciousness to the cloud (if the AIs he helped build and now fears will permit him).
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  • Contemporary billionaires appear to understand civics and civilians as impediments to their progress, necessary victims of the externalities of their companies’ growth, sad artefacts of the civilisation they will leave behind in their inexorable colonisation of the next dimension
  • Zuckerberg had to go all the way back to Augustus Caesar for a role model, and his admiration for the emperor borders on obsession. He models his haircut on Augustus; his wife joked that three people went on their honeymoon to Rome: Mark, Augustus and herself; he named his second daughter August; and he used to end Facebook meetings by proclaiming “Domination!”
  • as chronicled by Peter Turchin in End Times, his book on elite excess and what it portends, today there are far more centimillionaires and billionaires than there were in the gilded age, and they have collectively accumulated a much larger proportion of the world’s wealth
  • In 1983, there were 66,000 households worth at least $10m in the US. By 2019, that number had increased in terms adjusted for inflation to 693,000
  • Back in the industrial age, the rate of total elite wealth accumulation was capped by the limits of the material world. They could only build so many railroads, steel mills and oilwells at a time. Virtual commodities such as likes, views, crypto and derivatives can be replicated exponentially.
  • Digital businesses depend on mineral slavery in Africa, dump toxic waste in China, facilitate the undermining of democracy across the globe and spread destabilising disinformation for profit – all from the sociopathic remove afforded by remote administration.
  • on an individual basis today’s tech billionaires are not any wealthier than their early 20th-century counterparts. Adjusted for inflation, John Rockefeller’s fortune of $336bn and Andrew Carnegie’s $309bn exceed Musk’s $231bn, Bezos’s $165bn and Gates’s $114bn.
  • Zuckerberg told the New Yorker “through a really harsh approach, he established two hundred years of world peace”, finally acknowledging “that didn’t come for free, and he had to do certain things”. It’s that sort of top down thinking that led Zuckerberg to not only establish an independent oversight board at Facebook, dubbed the “Supreme Court”, but to suggest that it would one day expand its scope to include companies across the industry.
  • Any new business idea, Thiel says, should be an order of magnitude better than what’s already out there. Don’t compare yourself to everyone else; instead operate one level above the competing masses
  • Today’s billionaire philanthropists, frequently espousing the philosophy of “effective altruism”, donate to their own organisations, often in the form of their own stock, and make their own decisions about how the money is spent because they are, after all, experts in everything
  • Their words and actions suggest an approach to life, technology and business that I have come to call “The Mindset” – a belief that with enough money, one can escape the harms created by earning money in that way. It’s a belief that with enough genius and technology, they can rise above the plane of mere mortals and exist on an entirely different level, or planet, altogether.
  • By combining a distorted interpretation of Nietzsche with a pretty accurate one of Ayn Rand, they end up with a belief that while “God is dead”, the übermensch of the future can use pure reason to rise above traditional religious values and remake the world “in his own interests”
  • Nietzsche’s language, particularly out of context, provides tech übermensch wannabes with justification for assuming superhuman authority. In his book Zero to One, Thiel directly quotes Nietzsche to argue for the supremacy of the individual: “madness is rare in individuals, but in groups, parties, nations, and ages it is the rule”.
  • In Thiel’s words: “I no longer believe that freedom and democracy are compatible.”
  • This distorted image of the übermensch as a godlike creator, pushing confidently towards his clear vision of how things should be, persists as an essential component of The Mindset
  • In response to the accusation that the US government organised a coup against Evo Morales in Bolivia in order for Tesla to secure lithium there, Musk tweeted: “We will coup whoever we want! Deal with it.”
  • For Thiel, this requires being what he calls a “definite optimist”. Most entrepreneurs are too process-oriented, making incremental decisions based on how the market responds. They should instead be like Steve Jobs or Elon Musk, pressing on with their singular vision no matter what. The definite optimist doesn’t take feedback into account, but ploughs forward with his new design for a better world.
  • This is not capitalism, as Yanis Varoufakis explains in his new book Technofeudalism. Capitalists sought to extract value from workers by disconnecting them from the value they created, but they still made stuff. Feudalists seek an entirely passive income by “going meta” on business itself. They are rent-seekers, whose aim is to own the very platform on which other people do the work.
  • The antics of the tech feudalists make for better science fiction stories than they chart legitimate paths to sustainable futures.
Javier E

Where we build homes helps explain America's political divide - The Washington Post - 0 views

www.washingtonpost.com/...counties-building-new-housing

house building us land scarcity economics

shared by Javier E on 28 Nov 23 - No Cached
  • Zoning, NIMBYism and regulations — “all those things matter” when you’re trying to build housing, Herbert said. But land scarcity is the most important.
  • So what’s happening now “is a lot more infill of single-family housing in closer-in communities, where you’re not going to have room for large-scale developments and where the land is going to be worth a lot more,” Herbert said. Single-family land scarcity, he said, “has been a big factor keeping the supply down.”
  • In a blockbuster 2010 paper, Albert Saiz, an economist at the Massachusetts Institute of Technology, analyzed satellite data to estimate how much land was actually available for development within a 50-kilometer (31-mile) radius of each major U.S. city. He found that available land, when combined with measures of land-use regulation, could go “very far to explain the evolution of prices” from 1970 to 2000.
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  • Saiz even took it a step further, showing that a lack of land can cause stricter regulation. If a place has less room to build — due to mountains, wetlands or oceans, for example — each square foot of dirt costs more. Homeowners also may push local officials to regulate the land more aggressively in an effort to protect their investment and safeguard a scarce resource.
  • From 2013 to 2018, zoning and related restrictions added about $410,000 to the cost of a quarter-acre lot in the San Francisco metro area, $199,000 in Los Angeles, $175,000 in Seattle and $152,000 in greater New York
  • The comparable figure for Phoenix sat at $22,000. Atlanta was $15,000. Dallas was a mere $2,000. Not coincidentally, perhaps, many such Sun Belt metros have produced floods of new housing.
  • But why do blue cities tend to have less land available for development? Perhaps it works the other way: Perhaps land-restricted places tend to evolve into Democratic strongholds.
  • We don’t have data for this, but logically higher home prices and regulation in land-light cities should make much of their housing accessible only to educated, well-compensated professionals, right? In this simple mental model, coastal cities have less room and thus, by definition, attract the elite. And in American politics right now, Democrats dominate the professional classes.
  • We’ve long heard Democrats derided as the “coastal elite,” but we never stopped to wonder why all those blue counties hugged the coasts in the first place. Exceptions are easy to find, but the subtle effects of coastal land shortages, over time, could help explain that most prominent feature of America’s political geography.
  • That effect could be compounded, Saiz told us, by the simple truth that coastlines, lakes and other natural obstacles to construction make cities more beautiful, and thus more desirable to those who can afford such amenities, as his research with Gerald Carlino of the Federal Reserve Bank of Philadelphia shows. And the presence of an educated workforce will cause the city’s economy to grow faster, further expanding economic divides.
  • “High-amenity areas are more desirable and tend to attract the highly skilled,” Saiz said. “These metros tend to have harder land constraints to start with, which begets more expensive housing prices which, in turn, activate more NIMBY activism to protect that wealth.”
Javier E

Yes, Germany supports Israel - but not uncritically, and not for the reasons you think ... - 0 views

www.theguardian.com/...israel-right-left-turkey-truth

germany foreign policy israel palestine reasons crisis politics

shared by Javier E on 28 Nov 23 - No Cached
  • When the hard right, the left and an autocrat (who denies Turkey’s genocide of the Armenians) combine forces, you know there is something wrong. Let’s be clear: German politicians do not need to wrestle free of history to navigate the debate on the Gaza war. It is a myth that Germany is uncritical in its support of the Israeli government.
  • Germans had been told they were “surrounded by friends”, as Helmut Kohl put it. They woke up ill-equipped to face a world of sworn enemies. Russia pulverised decades of German Ostpolitik when it attacked Ukraine, and with it the European postwar order.
  • There was never any love lost between either the Merkel or Scholz governments and Benjamin Netanyahu. Angela Merkel knew he was working with Donald Trump to kill off the nuclear deal with Iran behind her back. And that he was lying about his acceptance of two states. Nobody involved with the Middle East dossier in Berlin trusts Netanyahu
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  • So what accounts for the dogged support Berlin extends to Israel in its war against Hamas? You must look beyond immediate crisis. Germany’s foreign policy establishment has suffered a deep shock, indeed the second one, after last year’s realisation that Russia could not be appeased by diplomatic overtures, pipeline deals and “change through trade”
  • When Israel used excessive violence in earlier Gaza wars, Germany raised public concerns. Berlin has constantly criticised the expansion of settlements. More than a decade ago, the then foreign minister, Sigmar Gabriel, called the situation in Hebron (in the occupied West Bank) “apartheid”. Berlin has supported the Palestinian Authority with over €1bn, and is among the top donors to Unwra, the UN relief agency for Palestinian refugees.
  • Similarly, Germany had pushed for diplomacy to deal with Iran’s nuclear and regional ambitions.
  • Then the Gazan member of Iran’s axis of resistance attacked Israel on 7 October. The Jewish state is trapped in a pincer movement between Hamas and Hezbollah – and the possibility of a wider war. This is an existential crisis for Israel.
  • The cornerstones of Germany’s foreign policy have crumbled. Engagement with Russia and Iran has failed. This is the view from Berlin: these two powers must be stopped, and that includes the destruction of Hamas. This is the reason for Germany’s staunch support of Israel’s war against Hamas, notwithstanding the deep distrust of Netanyahu – and the wish to see him gone as soon as hostilities end.
Javier E

Will the Profit Motive Fail Us on AI Safety? - WSJ - 0 views

www.wsj.com/...gy-investment-chatgpt-b7e5558f

AI profit motive safety threat

shared by Javier E on 28 Nov 23 - No Cached
  • The mission of a for-profit company is, well, profit, the greatest return for investors. That’s the profound ethical crisis at the heart of artificial general intelligence development (“Capitalism Works, Says ChatGPT” by Holman Jenkins, Jr., Business World, Nov. 22).
  • it can sound naive to say that AI “won’t soon replace the human knack for synthesizing the most valuable insight from a welter of facts.” This seems to be exactly the goal of many transhumanists and the global elite. The speed at which this technology is developing means that it could be a dream or a nightmare in five years. If the controlling factor is mere profit, look for the nightmare.
Javier E

Opinion | Biden Trade Policy Breaks With Tech Giants - The New York Times - 0 views

www.nytimes.com/...google-facebook-ai-trade.html

biden trade policy tech oligopoly

shared by Javier E on 29 Nov 23 - No Cached
  • One reason that the idea of free trade has fallen out of fashion in recent years is the perception that trade agreements reflect the wishes of big American corporations, at everybody else’s expense.
  • U.S. officials fought for trade agreements that protect intellectual property — and drug companies got the chance to extend the life of patents, raising the price of medicine around the world. U.S. officials fought for investor protections — and mining companies got the right to sue for billions in “lost profit” if a country moved to protect its drinking water or the Amazon ecosystem. And for years, U.S. officials have fought for digital trade rules that allow data to move freely across national borders — prompting fears that the world’s most powerful tech companies would use those rules to stay ahead of competitors and shield themselves from regulations aimed at protecting consumers and privacy.
  • That’s why the Biden administration, which came into office promising to fight for trade agreements that better reflect the interests of ordinary people, has dropped its advocacy for tech-friendly digital trade rules that American officials have championed for more than a decade.
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  • Last month, President Biden’s trade representative, Katherine Tai, notified the World Trade Organization that the American government no longer supported a proposal it once spearheaded that would have exported the American laissez-faire approach to tech. Had that proposal been adopted, it would have spared tech companies the headache of having to deal with many different domestic laws about how data must be handled, including rules mandating that it be stored or analyzed locally. It also would have largely shielded tech companies from regulations aimed at protecting citizens’ privacy and curbing monopolistic behavior.
  • The move to drop support for that digital trade agenda has been pilloried as disaster for American companies and a boon to China, which has a host of complicated restrictions on transferring data outside of China. “We have warned for years that either the United States would write the rules for digital trade or China would,” Senator Mike Crapo, a Republican from Idaho, lamented in a press statement. “Now, the Biden administration has decided to give China the pen.”
  • While some of this agenda is reasonable and good for the world — too much regulation stifles innovation — adopting this agenda wholesale would risk cementing the advantages that big American tech companies already enjoy and permanently distorting the market in their favor.
  • who used to answer the phone and interact with lobbyists at the U.S. trade representative’s office. The paper includes redacted emails between Trump-era trade negotiators and lobbyists for Facebook, Google, Microsoft and Amazon, exchanging suggestions for the proposed text for the policy on digital trade in the United States-Mexico-Canada Agreement. “While they were previously ‘allergic to Washington,’ as one trade negotiator described, over the course of a decade, technology companies hired lobbyists and joined trade associations with the goal of proactively influencing international trade policy,” Ms. Li wrote in the Socio-Economic Review.
  • That paper explains how U.S. trade officials came to champion a digital trade policy agenda that was nearly identical to what Google, Apple and Meta wanted: No restrictions on the flow of data across borders. No forced disclosure of source codes or algorithms in the normal course of business. No laws that would curb monopolies or encourage more competition — a position that is often cloaked in clauses prohibiting discrimination against American companies. (Since so many of the monopolistic big tech players are American, rules targeting such behavior disproportionately fall on American companies, and can be portrayed as unfair barriers to trade.)
  • This approach essentially takes the power to regulate data out of the hands of governments and gives it to technology companies, according to research by Henry Gao, a Singapore-based expert on international trade.
  • The truth is that Ms. Tai is taking the pen away from Meta, Google and Amazon, which helped shape the previous policy, according to a research paper published this year by Wendy Li,
  • Many smaller tech companies complain that big players engage in monopolistic behavior that should be regulated. For instance, Google has been accused of privileging its own products in search results, while Apple has been accused of charging some developers exorbitant fees to be listed in its App Store. A group of smaller tech companies called the Coalition for App Fairness thanked Ms. Tai for dropping support for the so-called tech-friendly agenda at the World Trade Organization.
  • Still, Ms. Tai’s reversal stunned American allies and foreign business leaders and upended negotiations over digital trade rules in the Indo-Pacific Economic Framework, one of Mr. Biden’s signature initiatives in Asia.
  • The about-face was certainly abrupt: Japan, Singapore and Australia — which supported the previous U.S. position — were left on their own. It’s unfortunate that U.S. allies and even some American officials were taken by surprise. But changing stances was the right call.
  • The previous American position at the World Trade Organization was a minority position. Only 34 percent of countries in the world have open data transfer policies like the United States, according to a 2021 World Bank working paper, while 57 percent have adopted policies like the European Union’s, which allow data to flow freely but leave room for laws that protect privacy and personal data.
  • Nine percent of countries have restrictive data transfer policies, including Russia and China.
  • The United States now has an opportunity to hammer out a sensible global consensus that gives tech companies what they need — clarity, more universal rules, and relative freedom to move data across borders — without shielding them from the kinds of regulations that might be required to protect society and competition in the future.
  • If the Biden administration can shepherd a digital agreement that strikes the right balance, there’s a chance that it will also restore faith in free trade by showing that trade agreements don’t have to be written by the powerful at the expense of the weak.
Javier E

Opinion | Understanding the True Nature of the Hamas-Israel War - The New York Times - 0 views

www.nytimes.com/...ael-palestinians-war-iran.html

war israel gaza 2023 friedman

shared by Javier E on 29 Nov 23 - No Cached
  • In a country of nine million people where 21 percent of Israeli first graders are ultra-Orthodox Jews, the vast majority of whom grow up with virtually no secular education, and another 23 percent are Israeli Arabs, who attend chronically poorly funded and poorly staffed public schools, Ben-David noted, “fewer than 400,000 individuals are responsible for keeping Israel in the developed world.”
  • We’re talking about the top Israeli researchers, scientists, techies, cyber specialists and innovators who drive the start-up nation’s economy and defense industries. Today, the vast majority are highly motivated and supporting the Israeli government. But if Israel cannot maintain stable borders or shipping lanes, some of these 400,000 will emigrate.
  • “If a critical mass of them decide to leave, the consequences for Israel will be catastrophic,” Ben-David said. After all, “in 2017, 92 percent of all income tax revenue came from just 20 percent of adults” — with those 400,000 responsible for creating the wealth engines that generated that 92 percent.
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  • such an alliance will not come together if Netanyahu sticks with his policy of undermining the Palestinian Authority in the West Bank — essentially driving Israel and its seven million Jews into indefinite control of five million Palestinians in Gaza and the West Bank. The pro-American forces in the region and Joe Biden himself cannot and will not be party to that.
  • three things are totally clear.1. The keystone for winning all three wars is a moderate, effective and legitimate Palestinian Authority that can replace Hamas in Gaza, be an active, credible partner for a two-state solution with Israel and thereby enable Saudi Arabia and other Arab Muslim states to justify normalizing relations with the Jewish state and isolating Iran and its proxies.2. The anti-keystones are Hamas and Netanyahu’s far-right coalition that refuses to do anything to rebuild, let alone expand, the Palestinian Authority’s role.3. Israel and its U.S. backer cannot create a sustainable post-Hamas regional alliance or permanently stabilize Gaza while Benjamin Netanyahu reigns as the prime minister of Israel.
Javier E

'Life without consequences': the fraternity bros who built a multimillion-dollar drug r... - 0 views

www.theguardian.com/...-max-marshall-author-interview

fraternity culture us

shared by Javier E on 29 Nov 23 - No Cached
  • uses the drug ring to show how the fraternity ethos shapes elite societies as a whole, beyond the College of Charleston: with impunity.
  • Marshall shows how being asked to join a fraternity means having a safe place to behave badly between high school and the job that frat puts you on the fast track towards. In his book, he quotes a Cornell Greek life website: “While only 2% of America’s population is involved in fraternities, 80% of Fortune 500 executives, 76% of US senators and congressmen, 85% of supreme court justices, and all but two presidents since 1825 have been fraternity men.”
  • the former fraternity members Marshall interviewed for Among the Bros said their experience selling drugs in college was good prep for their careers: “They’d say things like, ‘I learned supply chain economics, salesmanship, delegation and marketing.’” As a reader, it’s hard to not feel pangs of anger at how for some (“some” being young white men), recklessness could be a stepping stone to a six-figure salary.
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  • It’s hard to wrap your mind around men having fond memories of brutal treatment, but Marshall explained that it was not so simple as looking back on one event of hazing and condemning the entire system: “It’s almost a rational choice of thinking, ‘This was my entry into an oil and gas or real estate job. This is how I got into private equity or politics. And there’s always going to be a group of people who are always going to look out for me whenever I need a favor.’
  • And for those in the bubble, there’s an attitude that the more intense the hazing experience was, the better story you might have, the more other men will respect you.
  • Above all, Marshall’s book explores coming of age in a world that will not hold you accountable, even by law enforcement: “When you can get away with anything, it does lead to an arrested development. If you drive drunk and don’t go get a DUI, how do you learn not to drive drunk? If you commit a much worse crime and don’t get punished, how do you learn not to?”
  • All the men involved in Kappa Alpha’s drug ring were white – in fact, they were often described by their fellow students at the College of Charleston and law enforcement as looking like normal white boys. They were protected by wealthy parents, the best lawyers, and a “boys will be boys” culture. They were emboldened to test the boundaries of their privilege, and they came out with barely a scratch.
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