430 karma · joined June 25, 2024
GDP grows even if someone profits while producing sewage, cause someone else profits from clean up. If you call both Growth naturally DeGrowth doesn't make sense.
Take the Attention Economy which is HN is a micro example off. People's finite Attention is being pulled and pushed here and there, traded, captured or stolen. But the only thing that get measured is Growth in views or ycombinators net worth.
So its complex to rebuild manufacturing after outsourcing it all away, and concocting stories for decades about how "advanced and developed" economies don't build factories, they just design stuff and provide services.
Its weird Zuckerberg has accumulated all this data about social dynamics and no theories have emerged yet.
Globalization, or the interconnecting of all kinds of societies and social constructs, within and across national boundaries, has thrown things up in the air. People who used to call the shots and gained a lot through globalization, are flailing around helplessly, cuz what they gained doesn't help them control anything.
Look at cash, flowing instantly from one shell company to another, across city/state/national boundaries, avoiding tax, constantly multiplying, more and more disconnected from any social requirement or purpose.
The fact that those who call the shots aren't in control is where salvation lies.
Can you imagine the chimp troupe doing any such thing? Siblings will kill each other and their kids rather than do that.
People think its related to Ants being haplodiploid.
Altruism in large social groups is something chimps haven't worked out yet. Which is why we have the MIL complex and war.
So if you are an algo engineer check out Haplodiploidy.
The Theory of Bounded Rationality emerged as a reaction to growing awareness within the chimp troupe, of the numerous limitations of that chimp brain. Its a useful tool when coping with complex ever changing reality.
A large chunk of the profits from American Corporate Wonderland are not due to their offerings on Security, Quality, Service or Product, but through playing market capture/cross border financial engineering games.
Learning takes time.
And most people take time learning how to build things they need themselves. After which they realize they don't need to pay Microsoft rent. This is what any half decent hacker learns with time too. And now we see it happening in China, India etc.
As we see them getting less dependent and offering the same services back to the West at much cheaper prices, what happens at Microsoft is obvious, because this story has played out many times in American Corporate Wonderland -
https://www.geekwire.com/2024/microsoft-lays-off-employees-i...
> Last year, companies laid off more than 260,000 employees
Throw in the fact, that after capital became easy to move around the world, financial engineering or taking advantage of cross border differences in interest rates, tax rates, forex, labour costs, real estate prices, subsidies etc etc and quickly buying up the competition anywhere on the planet, can make you more cash than anything a designer or an engineer or a scientist ever produces.
So it really boils down to developing finance skills and finance teams with value alignment or they will dominate business decision making sooner or later.
Its how the Elite are reacting to their data floating around is what should be focused on.
They aren't calling for changes in companies, cause companies are proactively running to them with "new services" to protect them and their families and well paid servant class (ie the exec class) who are all quite clueless and constantly get into all kinds of cyber trouble. Google "cyber concierge" services.
How do you keep a group of chimps who all have different interests, personalities, needs, beliefs, values, upbringings, culture, religion, language, history etc etc in sync?
And these days groups grow quite large quite fast.
Historically, if you take rewards, bribery, force, domination and manipulation out of the story, the babblers/non threatening people can bridge differences as groups grow larger and larger in size.
No solution is perfect, cause its quite an unnatural thing for groups to form around anything. Given all the differences.
Just try to work with your entire extended family on a project, and watch what kind of strange rituals, stories and behaviors keep the group from breaking apart.
See Singapore. Govt is the biggest landlord there (but the reason they did it was not because they cared about human rights or anything, but as a part of "infra" development to draw in foreign investment and MNCs and their employees to set up shop in Singapore). It has worked out quite well on both fronts.
Vienna, Austria is also constantly used as an example - https://www.visitingvienna.com/culture/social-housing/
Info asymmetry can't be "solved" when different groups mentally start diverging having different models of reality in their head. This is happening much faster than in the past with access to info, misinfo, disinfo.
The older gen has not been taught the history and sociology that shaped them, the way the next gen has. There is such a wide gap in this knowledge, people have no control over it. Some people are already busy, night and day blaming school teachers and profs for teaching that history and sociology, but the truth is that is just 1 of 2 options.
To understand the second option look at history and sociology of orthodox populations, and how they survive inspite of all the changes happening, and the rate of change accelerating, the number one reason is they control the flow of info into their communities.
The internet will produce the digital amish and digital ultraorthadox and the digitial taliban. There is no escaping the confrontation with them unless they are all moved to a separate continent or planet.
So don't worry about how much he tweets. He is just caught in a trap searching for more Attention that doesn't exist.
I guess we can see it in kids who grow up exposed to both languages and cultures.