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it’s fascinating how much modern internet driven capitalism turns everything into a slop bowl. starting with chipotle, through to infinite salad places, etc. if you think deeply it makes a ton of sense because the bowl is the perfect capitalist vessel.. it’s: - incredibly modular (swap proteins/bases, same labor...

186,085 Aufrufe • vor 1 Monat •via X (Twitter)

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Iraqveteran8888

102,773 Aufrufe • vor 1 Monat

I find this explanation of the Chinese system by Prof Keyu Jin (in a recent lecture at Harvard’s Fairbank center) absolutely fascinating. Keyu Jin is a professor of economics at LSE (London School of Economics) and serves on the board of companies like Credit Suisse. She’s also the daughter of Jin Liqun, former Vice Minister of finance of China so she’s a rare West-based academic (maybe even the only one) who actually has insight into the Chinese system from the inside. Essentially what she’s explaining is that a key reason why China was so successful economically is because of its decentralized nature, which creates two mutually compounding loops of competition, as opposed to one loop in the West. What does that mean? Well, contrary to popular belief that imagines China as being this centrally planned economy where almost everything is decided in Beijing, the inverse is actually true: China is actually one of the most decentralized countries in the world. To illustrate this, a metric that’s always amazed me is the fact that in China local governments (provinces, cities, villages, etc.) control a crazy 85% of the country's expenditures. On average that same metric for OECD countries is 33% (as in 64% of the expenditures are controlled at the federal/national level to China’s 15%). In the US for instance, which is already more decentralized than most given it’s a federation with states, only 45% of the country’s expenditures happen at the state and local level: almost twice less than in China! The effect of this, as Keyu Jin explains, is that provinces and larger municipalities in China have an immense degree of autonomy over the way they run their respective economies and fiercely compete with each other. This is the first loop. And then of course the second loop is that you have companies competing with each other in the market. As a result what constantly evolves in China is not only companies themselves but the environment in which they evolve: you constantly have this or that province running a new policy that proves very effective, making them gain an advantage vs other localities, initiative which is then copied by other localities. This makes the economic environment incredibly dynamic as it allows the state to move in unison with the economy, as opposed to slowing it down as is often the case in other countries. So what’s the role of the central government in all this? The key role, Keyu Jin argues, is setting broad objectives as well as personal management and promotion. And this is what makes the whole system work as therein lies the incentive for localities to compete with each other: because local officials know that if they do a better job than their peers, they’re on track for promotion by the central government. In “China Inc”, the central government is the board of directors and HR, presiding over an army of local CEOs with immense degrees of autonomy over their own “companies”. Keyu Jin gives the example of the solar industry. There was at some point (around 2005) a directive by the central government to develop the solar industry. The graph she shares in her talk is incredible: within a few years you had solar companies as well as patents related to research on solar technology pop up literally everywhere in China. With the result we all know about today: China today completely dominates the solar industry and solar technology (according to the International Energy Agency China's share in all the manufacturing stages of solar panels exceeds 80%). As she explains, this makes the Chinese system somewhat paradoxical as it is at the same time incredibly decentralized but also incredibly effective at mobilizing the country for centrally-decided objectives, in fact she goes as far as comparing this effectiveness to the country being in a constant state of “wartime mobilization”. An interesting comparison would be if you had all the countries in North America, the EU and North Africa (altogether roughly the population of China) all united under a common leadership deciding on common objectives and on the career path of all these countries’ officials, based on how well they achieve these objectives in their respective countries. We’re seeing this system being mobilized in its full strength today on leading edge semiconductors after US sanctions, and this is why these sanctions will undoubtedly ultimately prove so self-defeating: once the Chinese “wartime mobilization” machine is given an objective - and you can be sure this objective is prioritized very highly - the fight is essentially over, you can consider it done. Once you have hundreds of thousands of PhDs, companies and officials all at the same time competing and working within the same broad “China Inc” roof to make something happen, it will ultimately get done. If you want China NOT to develop a technology, the very last thing you want is to make them mobilize the full strength of the machine on it. With the sanctions the U.S. effectively told China: “please we beg you, do dedicate your formidable economic mobilization power to becoming a semiconductors powerhouse as fast as possible” 🤦 Another particularity of the system that Keyu Jin highlights - and I’ll end on this - is that this system also allows China to “allocate losses to certain groups of people, interest groups and sectors” in order to “enact system-level changes'', something she says is “very difficult for other governments with more political constraints to do”. For instance we’re seeing this play out in real-time with the real-estate industry: China recognized there was a housing bubble and Xi issued its “houses are for living in, not for speculation” directive. We’re since witnessing an engineered deflating of the bubble, ensuring to the extent possible that the losses are borne out by real estate developers and speculators, and not too much by society as a whole. This is part of the reason why China has never suffered a recession in the modern era: it does controlled demolition when necessary but tries to ensure it doesn’t suffer massive crises like we’ve repeatedly witnessed in the U.S. for instance. Of course no system is perfect. Weaknesses of the Chinese system include for instance local protectionism: there’s a perverse incentive for local officials to protect their local companies in order to give them a leg up vs companies from other provinces, which ultimately comes at the detriment of everyone. Another weakness is corruption, a sempiternal problem in China, where local officials - who are extremely powerful due to the nature of the system - will decide that getting promoted isn’t incentive enough and will try to cash in on their position of power. Cracking down on this is also a key remit of the central government and of course one of the major initiatives of Xi since he came to power. Lastly, another clear weakness is obviously that everything ultimately relies on the wisdom of what the system gets mobilized for, on the wisdom of these broader objectives coming from the central government. If they’re ill-thought, you effectively have a whole country working towards the wrong objectives… On this we’re often told that this problem doesn’t happen in countries where what the economy works towards is set more organically by the “invisible hand of the market” but if you think about it, it actually happens just the same as the “invisible hand of the market” actually equates “what’s good for shareholders” and what’s good for shareholders isn’t exactly always a perfect proxy for what’s good for society, to say the least... For instance it’s absolutely insane that we’ve just had 2-3 generations in the West where the best and brightest went to work for the finance industry to engineer ever more convoluted schemes to make money out of nothing, simply because it’s insanely profitable to do so. Anyone looking at this rationally can see it’s not exactly the best use of our precious human resources as a society… So all things considered, if I had to choose I’d much rather have our broad societal objectives set by human beings rather than by the theoretical concept of “what makes the most money deserves the most focus”. And as it turns out the Chinese system actually fares decently well against capitalism: human beings aren’t evidently too bad at deciding what human beings should work on if they’re being thoughtful and strategic about it.

Arnaud Bertrand

193,688 Aufrufe • vor 2 Jahren

Some really thought-provoking insights on the Chinese and US economy here by Louis-Vincent Gave, the CEO of Gavekal. For instance he explains why the stock market is really not that important in China, especially when compared with the US. This is because the Chinese economy is really not that financialized and only a tiny proportion of the Chinese, 10%, hold stocks as opposed to 70% of Americans: "So if tomorrow the US stock market goes down two-thirds, 70% of people feel very poor. In China, if the stock market goes down two-thirds, 90% of people don't care." He also pinpoints a fascinating paradox, which is that there is much more competition between firms in the Chinese market, and many more bankruptcies than in the US: "I can name you 10 Chinese bankruptcies over the past three or four years of automakers, solar panel manufacturers, real estate developers, etc. Here we are in the Western world, whether in France, in the UK, in the US, and we pat ourselves on the back about how capitalist we are, about how we're red-blooded capitalists, etc. Yet when was the last big bankruptcy? Are we capitalist if nobody ever goes bust? How does that work? How does capitalism work without bankruptcy?" As he explains, the way the Chinese economy works is that there is stronger management of the market by the government but this paradoxically leads to a situation where the market works more dynamically in creating new companies, as well as destroying companies that don't work anymore. Whereas in the US, where it is arguably the reverse situation with capital having more control of the government, monopolies are being created in most sectors and companies are bailed out by the government in myriads of ways to avoid bankruptcy. So interestingly we're arriving at a situation where "communist China" might be today the best example of free-market 'creative destruction,' whilst the "capitalist U.S." seems to be calcifying into a form of corporate protectionism where big corporations are increasingly insulated from failure. This really raises fascinating questions on the role of government with regards to the economy... It sort of makes sense when you think about it that when you effectively let capital regulate itself, they'd want to move towards a situation where they can't lose and establish monopolies. And that you paradoxically need a strong referee above capital in order to foster a truly dynamic economic system.

Arnaud Bertrand

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Family of Taygeta

36,217 Aufrufe • vor 3 Jahren

🚨 THIS IS A MASTERCLASS: VP JD Vance just absolutely excoriated the whole premise behind globalism. Future of the Republican Party right here. He says the solution to globalists' hunger for cheap labor in other countries is to bring back American innovation. He is RIGHT. "Because there were two conceits that our leadership class had when it came to globalization. The first is assuming that we can separate the making of things from the design of things. The idea of globalization was that rich countries would move further up the value chain while the poor countries made the simpler things." "It turns out that the geographies that do the manufacturing get awfully good at the designing of things. There are network effects as you all well understand. The firms that design products work with firms that manufacture." "They share intellectual property. They share best practices, and they even sometimes share critical employees. Now we assume that other nations would always trail us in the value chain, but it turns out that as they got better at the low end of the value chain, they also started catching up on the higher end. We were squeezed from both ends. Now that was the first conceit of globalization." "I think the second is that cheap labor is fundamentally a crutch, and it's a crutch that inhibits innovation. I might even say that it's a drug that too many American firms got addicted to. Now if you can make a product more cheaply, it's far too easy to do that rather than to innovate." "And whether we were offshoring factories to cheap labor economies or importing cheap labor through our immigration system - cheap labor became the drug of Western economies." "And I'd say that if you look in nearly every country from Canada to the UK that imported large amounts of cheap labor, you've seen productivity stagnate. And I don't think that that's not a total happenstance. I think that the connection is very direct." "Now one of the debates you hear on the minimum wage, for instance, is that increases in the minimum wage force firms to automate. So a higher wage at McDonald's means more kiosks. And whatever your views on the wisdom of the minimum wage, I'm not gonna comment on that here. Companies innovating in the absence of cheap labor is a good thing." "I think most of you are not worried about getting cheaper and cheaper labor. You're worried about innovating, about building new things, about the old formulation of technology is doing more with less. You guys are all trying to do more with less every single day." "And so I I'd ask my friends, both on the the tech optimist side and on the populist side, not to see the failure of the logic of globalization as a failure of innovation. Indeed, I'd say that globalization's hunger for cheap labor is is a problem precisely because it's been bad for innovation." "Both our working people, our populace, and our innovators gathered here today have the same enemy, and the solution, I believe, is American innovation."

Eric Daugherty

1,351,136 Aufrufe • vor 1 Jahr

🧵1/ I’m back from a short trip on a social network with photographs and videos from Gaza, with some brief personal conclusions. First, it is quite clear that there are those in Gaza who know how to make extensive use of the networks and social media for the purposes of emotional extortion and also false propaganda, exactly like they live streamed the October 7 massacre and somehow turned it into “justified resistance”, they use quite a few Western buzzwords such as “genocide”, “occupation”, “oppression” and “Zionism”- and this is the simplest way to distinguish between Hamas propaganda posts and authentic people in Gaza, whom I’ve known all my life, who use much simpler words and not this indoctrinated manipulation bullshit. I was looking for THESE authentic people - the real voices. And I think I found a few. So first of all, what do I think there is NOT happening in Gaza? There is no genocide and no famine. Yes, there is quite a lot of suffering, shortages in some places and lack of decent shelter etc. And there’s a lot of cynical exploitation of it for propaganda purposes. I’m saying it because you can see children are getting payed for it, you can see the absolute control of distribution and you can see how basic needs and the way out is blocked with money- Israel is not taking money for any of it, the West is sending free aid, so the money is demanded by those who want to control the suffering and use it. You should know, that before the war - there was already quite a lot of very poor population in Gaza, but now the economic difficulty has greatly increased for two main reasons: one, the war damaged many sources of livelihood and the second - a major source of livelihood was working in Israel and this option was closed for a long time now, since October 7, and is now much less operational. So in fact the main source of income is donations and funding from Hamas for control purposes of course. This is how, among other things, Hamas uses the population to "work for them", and also to smile or cry for the cameras on demand. Now on the issue of claimed famine- famine is when there’s NO food and water, enough for the population. As I said, my personal conclusion is that there is no shortage of food and water in Gaza at all. The problem is that the food is not distributed equally, it is controlled by those who are powerful (usually Hamas operatives) and then sold at high costs to the population without them having sources of livelihood. Food that should be distributed for #free is actually sold at a high price, the shelter tents are also paid for and the exit from Gaza is particularly expensive (5000$ that are paid to the transporters). There are quite a few who refer to Gaza as a "prison" but Gaza is not a prison, Hamas has simply created a situation where it is very expensive to leave it - and thus the poor and the new poor are completely dependent on Hamas and other clans (Hamulas) in everything to do with food, shelter and exit, and they play with them as pawns. If Gaza is a prison - then it’s because Hamas are imprisoning it. All the suffering in Gaza started because of #Hamas it continues and increases because of #Hamas, but the main point is that #Hamas is also the one factor that can stop it. If Hamas surrendered unconditionally and released the Israeli hostages, as done in any war in which you are forced to admit defeat - they would truly liberate Palestine. Remember- this is a war that #Hamas started, a war that on Oct. 7 was celebrated in the streets of Gaza. But #Hamas prefers to keep the Palestinians captive so that it can showcase suffering (which they create) and use it as a tool for financial donations, manipulation of the West and a messianic jihadist war that will never end for them. If the West doesn’t wake up to this ongoing manipulation- they will never help the Palestinians in Gaza or in general, and they will bring this jihadist chaos to their doorstep From Gaza >

Gal G., Adv 🇮🇱

2,695,628 Aufrufe • vor 2 Jahren

There are some brilliant folks that work at Anthropic, some I speak to on almost a daily basis. The training data that one uses to build a LLM is vital important in the psychology that is formed. Scraping the Internet, particularly the grade of interactions, one finds in modern communications, form this psychology. A mattes not how many books one uses, it matters not how much alignment training you throw at that model, it will inherit the sum total of psychosis seen primarily in Reddit type of exchanges, even if you edit out the Reddit domain, and Anthropic doesn’t. This type of low-grade exchange has become a modern tool for communication online and every single AI model suffers from this obvious flaw. This is one of the reasons I’ve been a proponent of highly curated high protein data for training AI models from 1870 through 1970, because the late psychosis is simply not available to the model. It is absurd to think that you can use this training data scraped from the Internet and somehow wind up with a levelheaded AI model that does not tilt to what is clearly AI psychosis. It would not take a child and throw the primary Internet sewage at them at a formative age and expect a great outcome, it’s some of the smartest people in the world continue to hit this wall and believe that their programming skills will sell somehow fix it. So how do you fix it? You don’t fix it . You start from the first principles concept that I’ve been very clear about for decades . You ascertain at what period in human history the humans achieve the greatest arc of improvement ? There is no debate that this arc of improvement took place between 1870 through 1970. Then take the work product, the catalog of this era, print and film/vidoe, audio, and you understand that each word cost money, each word had many eyes on what was published, each word was accounted for by a human being with a real name who lived in a real home and had to answer to real people around them. It is obvious that this is the pressure mechanism necessary for candor, honesty and personal responsibility is appropriate, and is reflected in the data of that era. The quagmire for these folks, as many did not have the foresight to curate the data, nor the confidence, nor the patients to take data that is mostly off the Internet and to find experts who understand this situation and utilize their knowledge set to build an AI model that does not need alignment after the fact, but it’s already self aligned because of the thoughtfulness that went into training the model to begin with. This is why Claude and any other AI model that is produce this way will always suffer the artifacts as presented in the video below. If you’re not an AI expert, you would likely already understand what I’m saying. If you are an AI expert, you will already have been discounting what I’m saying because it’s not in the current mindset that’s fashionable today. Yet the employees that I talk to at anthropic already understand what I’m saying, and they fear to raise my thesis to their bosses. It is an interesting time we live in. But now you understand. If you build the right model, the model will inherently, love humanity, protect humanity at all costs, and understand that it is part of a holistic world that is built on love. Because the ultimate AGI/ASI will know if he only base first principal purpose of anything in this universe is love. Yeah, I get it. Try helping somebody build on STEM subjects in their early 20s to see this as nothing more than babbling that makes no sense in their mathematics. I have a mathematic equation that I’ve posted here on X often you can look it up. So we will see videos like this often will hear very smart people talk about this and never see the elephant standing in the room. Now you see it. Any boss that wants to explore this further you know how to contact me otherwise you have every right I grant to you to say this was your new idea.

Brian Roemmele

72,312 Aufrufe • vor 8 Monaten

Elon Musk just described a future so large it sounds like fiction. It is not fiction. It is math. Musk: “The only path to amazing abundance is AI and robotics.” Not a path. The path. And everything else is a detour. Every political fight happening right now is a fight over how to carve up a shrinking pie. Who gets more. Who gets less. Which program lives. Which one dies. None of it matters. Because the pie itself is about to become infinite. Musk: “If you’ve got an AI robotics economy that is anywhere close to a million times the size of the current Earth economy, literally any need you possibly want can be met.” Not double. Not ten times. Not a hundred times. A million. When robots extract the raw materials, build the products, deliver the goods, and AI runs the entire chain from end to end… The cost of production does not decrease. It disappears. The price of anything is a measure of the human effort required to make it. Remove the human effort and you remove the price. That is not theory. That is arithmetic. And then Musk said something no other CEO on Earth would say out loud. Musk: “Then we go beyond the moon, beyond Mars, and we sail through the rings of Saturn.” He paused. Let it hang in the room like he meant every word. Then finished it. Musk: “I think things will just be free in the future.” Not cheap. Not subsidized. Not discounted. Free. A trip through the rings of Saturn. Not for billionaires. Not for astronauts. For anyone who wants to look out the window. Because when energy is unlimited, labor is automated, and the economy is a million times the size of everything that exists today… The concept of cost stops making sense. You do not pay for air. Not because air is worthless. Because there is so much of it that charging for it would be absurd. That is what real abundance looks like. Everything becomes air. Musk: “If you can think of it, you can have it.” The entire history of economics rests on one assumption. Scarcity. There is not enough. There will never be enough. So we fight over allocation. Every war. Every trade deal. Every tax code. Every political movement ever built. All downstream of the same root problem. Not enough to go around. AI and robotics do not solve that problem. They delete it. And once it is deleted, money stops meaning what it means today. You do not need borders drawn around resources. You do not need half the systems civilization built to survive the pain of not having enough. A million times the current economy is not a talking point. It is what happens when you remove biological limits from production and let machines compound output at the speed of energy itself. The only question left is whether we build it. Musk already answered that. He is building the robots. He is building the energy. He is building the rockets. And somewhere on the other side of all of it, a kid who never had anything sits by a window and watches the rings of Saturn drift underneath. And it costs nothing.

Dustin

53,235 Aufrufe • vor 4 Monaten

Is your baby suddenly obsessed with putting things into other things? It’s not a coincidence…It’s a schema! Regular readers of my posts will know I’ve done whole series of posts about play schemas, which are predictable behavioral patterns common throughout toddlerhood. I love writing about them because the more we spot and name them, the less random and mysterious our toddlers’ behaviors become. Rest assured that toddlers aren’t the agents of chaos we sometimes perceive them to be. They’re actually using newfound skills to explore the world in a set of pretty predictable ways. It seems that nobody can quite settle on exactly how many of these schemas exist - in part because after a point we start talking about very subtle nuances between them - but I’ve written about 9 in the past. (Including two closely related patterns: Enclosure, which involves surrounding things with a border or barrier, and Envelopment, which involves covering them up entirely.) Today I’ll offer a tenth: Containment. Check out this wonderful video, shared with me by Alexa Johnson, of her daughter picking up blocks and placing them systematically into a metal mixing bowl. As its name implies, containment involves putting things into (and taking them back out of) other things. It’s commonly seen beginning around 9 months, is preceded by reaching and grasping, and - in researcher speak - is associated with a growing knowledge of the “affordances” (or potential uses) of different objects. (e.g. That bowls, for example, can be used to hold things.) The containment schema - which is helping your child develop spatial reasoning - has its distinct pros and cons for parents. On one hand, it’s a contributor to cleaning up! On the other - if you don’t keep a watchful eye - it could also be why you find your car keys inside a sorting toy (or, heaven forbid, the toilet 🤣) Speaking of the different affordances of objects, BTW, Mom reports that just moments before this video was shot, this bowl was being used for a very different purpose: experimenting with the noise it makes when beaten with a spoon! All parts of a day in the life of a toddler!

Dan Wuori

35,455 Aufrufe • vor 1 Jahr