1,419 karma · joined December 4, 2018
What is happening now is those agencies are being illegally co-opted by loyalists and sycophants who have shirked their constitutional duties as congressmen. They are ignoring the laws that describe how these agencies should be run, and it doesn't matter because it's a metastatic blob of folks who have forsaken their oath at the behest of a felon who avoided trial for sedition.
To everyone reading the comments that describe corporations as the ones who treat their employees with contempt, it's sadly a two way street. It comes down to shitty people polluting expectations at all levels of society, and people dialing back their expectations accordingly.
With all the Luigi talk in the air, it's important to remember this goes for insurance companies as well. Insurance fraud is a huge drain on the industry and it's folks of all levels of wealth committing it. It's a part of the reason why insurers squeeze harder to keep the profits flowing. That's obviously no excuse for delay/deny/depose tactics--I'm just saying that in an environment of fraudsters who add friction to a company that does business honestly, you will find that the cheaters and bad actors will bubble to the top, more so than usual.
The average person's utility from AI is marginal. But to a psychopath like Elon Musk who is interested in deceiving the internet about Twitter engagement or juicing his crypto scam, it's a necessary tool to create seas of fake personas.
That's not to mention the court's complete lack of concern for recidivism. Look at Bill Hwang. Slapped on the wrist for insider trading -> billions of dollars of later economic damage. Likely chance we'll see the same pattern of behavior from Milton. I'm generally for forgiveness and second chances, but not in the realm of steering thousands of lifetimes worth of honest economic influence.
For anyone who does consider these algorithms speech, I challenge you to share a single person at any social media company who has taken direct responsibility over a single content feed of an individual user. How can speech exist if nobody is willing to take ownership of it?
Bill Hwang had settled insider trading charges a decade or so before he caused 30 billion dollars of liquidations after engaging in multiple forms of financial fraud. His insider trading punishment was likely lax and he committed crimes again, causing even more economic damage.
18 years in prison is nowhere near the amount of economic damage he caused. He amassed a net worth of 10-15 billion dollars. That's ten thousand average lifetimes worth of average American work. The punishment should reflect that. The expected value of fraud should be negative so that not even a degenerate gambler would consider it.
Can you explain your views as to why incentives to harm the economy massively via fraud to benefit yourself need to exist?
"New financial and accounting executives will be appointed, as recommended by the investigation committee"
I agree that harm is possible when short selling and lying about it.
In an ideal world nobody would commit a crime. Sadly we're far from an ideal world, and the US authorities in my experience are not well funded enough to adequately cover the ground they're responsible for. We also have a populace that voted for a felon who hates the IRS and has cronies who have floated dismantling the Consumer Financial Protection Bureau, so short sellers will have to do.
And the betting markets like Polymarket are worse. They had bets as to whether the fires in LA would be contained by certain dates. You can imagine the perverse incentives that creates.
The amount of deceit put out into the world and gobbled up, on purpose, in business is obscene and seriously depressing. The magnitude of damage to psyches and thus economies that anyone acting in a fraudulent manner in finance creates is far-reaching and immeasurable. Punishment for financial crimes should be calculated based on the average lifetime earnings of a citizen -- if your victims are folks earning at or below the average wage, and you've scammed 100 lifetimes worth of average earnings, it's as if you've murdered 100 people.
Hindenburg's reports were a true pleasure to read, and their track record proves their positive contribution to society. Many self-important people online are quick to pounce on short sellers as being evil, and that will forever be a serious red flag to me thanks in no small part to Nate Anderson and the folks at Hindenburg Research.
How many times do we need to repeat the basic statistical fact that correlation does not equal causation? We need to teach this in grade school because it is lost on so many people.
You can think up many attributes of entrepreneurs that might explain lower stress in general: more entrepreneurs likely come from wealth, have resources to start a business, have a sense of confidence in themselves etc.
> Path forward requires solving the core challenge: actually surfacing the content people want to see, not what intermediaries want them to see
These traps and patterns are not inevitable. They happen by choice. If you're actively polluting the world with AI generated drivel or SEO garbage, you're working against humanity, and you're sacrificing the gift of knowing right from wrong, abandoning life as a human to live as some insectoid automaton that's mind controlled by "business" pheromones. We are all working together every day to produce the greatest art project in the universe, the most complex society of life known to exist. Our selfish choices will tarnish the painting or create dissonance in the music accordingly.
The problem will be fixed only with culture at an individual level, especially as technology enables individuals to make more of an impact. It starts with voting against Trump next week, rejecting the biggest undue handout to a failed grifter who has no respect for law, order, or anyone other than himself.
To selfishly discard the collective attention of scientific experts for undue gain is despicable and should disqualify a person from all professional status indefinitely in addition to any legal charges.
I deeply respect anyone whose desires align with winning the collective game of understanding that science should be. I respect even more those folks who speak up when their colleagues or even friends seek to hack academia like this guy did.
It is the same attitude. "Outsourcing is the only way we can be competitive" / "Buying these cheap pagers is the only way we can afford it"
I know an "anti nitpicker" who is entirely opposite to that attitude when it comes to their social appearance and perception. One hair on their tie is catastrophic. One publicly searchable webpage that shows a decades old picture of them is an extreme problem that warrants hiring a company to clean up. It's interesting how, in matters that are important to some of these people, seemingly inconsequential and irrelevant details suddenly matter to an extraordinary degree.
The anti nitpicking stance is a byproduct of the extreme overvaluation of social perception. Often these people do not like to look like they have made a mistake. And thus they avoid conflict or paint it as irrelevant in belief that it will save their appearance.