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> This is what happens when free market capitalism and anti-competitive rules are absent from your system. Silicon Valley has prioritized the wrong incentives f
by BirAdam 3y ago
> This is what happens when free market capitalism and anti-competitive rules are absent from your system. Silicon Valley has prioritized the wrong incentives for A.I. to blossom organically in the 2020s.
How is this the conclusion? What free market and what capitalism? Neither exists and nor have they ever. This is similar to blaming the troubles of the Soviet Union on Communism. It never existed so how would it be Communism’s fault? The issue is more that inflationary and low interest policies incentivize the highest possible return “right now,” encourage debt accumulation, and invert the time order of markets. These pressures then align to encourage the most massive orgs possible because small margins don’t work in inflationary environments. Finally, when you get to the point that you have orgs larger than some countries you have those orgs start purchasing governments and pulling up those ladders. No where in this mess is there a free market, any kind of capitalism, or even any kind of socialism or communism. This is oligarchical fascism which has been the global order since the end of mercantilism.