Franco Sacchi

“In girum imus nocte et consumimur igni.”
Documentary Filmmaker.

[Superman @thesupermannx]

Two economists mathematically proved that AI will destroy the economy.

Researchers from Wharton and Boston University published a terryfiying paper called "The AI Layoff Trap."

They mapped out the economic end-game of the AI transition, and it exposes a fatal flaw in competitive capitalism.

When a company replaces a worker with AI, it captures 100% of the wage savings.

But that displaced worker is also a consumer. When they lose their job, they stop buying things.

The company gets all the savings, but the loss of consumer demand is spread across the entire economy.

If there are 20 competitors in a market, a CEO only absorbs 1/20th of the economic damage their layoffs just created.

So every single rational CEO has a mathematical incentive to automate as fast as possible.

They can literally see the cliff approaching, and they still step on the gas.

It triggers an unavoidable Prisoner’s Dilemma. If you don't automate, your competitors will, and they will crush you on price.

It doesn't just hurt workers. It destroys the businesses, too.

The economy gets trapped in an automation arms race. Companies fire their workforce to stay competitive, until the entire consumer base is completely hollowed out.

At the limit, the paper concludes: “Firms automate their way to boundless productivity and zero demand.”

And the scariest part?

The researchers mathematically tested every popular fix.

Universal Basic Income? Fails. It raises the living standard but doesn't change the corporate incentive to cut jobs. Retraining? Fails. Worker equity? Fails.

The paper proves that more competition actually makes the collapse happen faster. And "better" AI makes the damage worse.

The only thing that mathematically stops the collapse is a targeted automation tax, forcing companies to pay for the purchasing power they destroy before they automate the job.

[Franco Sacchi @FrancoSacchi]

@LizHurra Imagine what American citizen could have if the US had not spent trillions in Afghanistan and Iraq.

[Andrew Yang🧢⬆️🇺🇸 @AndrewYang]

As usual I will give my x earnings ($304.27) to someone who likes this post! Winner chosen at random on Sunday. For extra fun if the winner follows @joinnoblemobile I will DOUBLE it and if you are a Noble subscriber I will give you FIVE times the amount! Good luck! 😀🎉

[Franco Sacchi @FrancoSacchi]

@sabato23229 @durezzadelviver La destra (o Aldine componenti di essa) pensa di essere contro la globalizzazione. Ma non saprebbe nemmeno da che parte cominciare per creare un alternativa. Dovrebbe avere una coscienza anti neoliberista che non ha.

[Al Jazeera English @AJEnglish]

Kannywood, northern Nigeria’s Hausa-language film industry, is shifting from local cinemas to streaming platforms while battling piracy, strict censorship and poor funding as it tries to turn Kano’s stories into global hits.

Al Jazeera’s Ahmed Idris reports ⤵️

[Franco Sacchi @FrancoSacchi]

@dvorahfr This imagery is obviously clean and professional and yet it feels so deeply fake and synthetic. Completely Soulless

[Franco Sacchi @FrancoSacchi]

@Richard32475343 @EdConwaySky @energy_said Darling my house runs on solar (it literally produces more energy than that it consumes). We removed gas entirely. My energy bills: (electricity, heating and hot water are negligible). Crazy eh?

[Franco Sacchi @FrancoSacchi]

@ArchilleLauro @MaxBlumenthal Exactly the way you just said it.

[Aaron Maté @aaronjmate]

Laura Poitras made an excellent documentary about Seymour Hersh's legendary career, "Cover-Up."

Unfortunately, the doc left many with the false impression that Sy has retracted his reporting on the issue of Syria. In two incidents, Sy reported that the US accused the Assad government of chemical attacks while suppressing evidence of false flags by the US-backed insurgency. The way the film is edited, many thought that Sy has walked this back.

Asked about the confusion by Glenn Greenwald, Laura deflects and says: "You should talk to Sy about that one."

I'm sorry to say this because I admire Laura's work: Laura knows that Sy has not retracted. Glenn mentions that I called Sy on the phone; in fact, I talked to both Sy and Laura about this in person at a screening of the film. There is no ambiguity here.

She also suggests that Sy got "too close to power" because he interviewed Assad for unrelated stories in the early 2000s. This was years before the chemical attacks. Assad was not a "source" for Sy's reporting on those allegations.

Sy's reporting has been corroborated by a series of leaks and admissions. This includes from Obama and his top intel chief James Clapper, who acknowledged warning that the intel on Assad's guilt was not a "slam dunk." This was a deliberate reference to the Iraq WMD hoax.

It's unfortunate that even people who celebrate Sy's career still insist on propping up an Iraq WMD-level deception that he bravely exposed.

[Franco Sacchi @FrancoSacchi]

@IndiaTales7 That’s not what she said!!! She was posing those options as a sarcastic questions

[Franco Sacchi @FrancoSacchi]

@titofaraci Lo pensavano. Ora hanno capito che è più facile con chatgpt, e viene meglio.

[Franco Sacchi @FrancoSacchi]

https://t.co/EYjx6WsDKD

[The Independent @UGIndependent]

Zert Essential: Leading the way in Ugandan content creation and film direction-https://t.co/N70RsYoT2N

[Franco Sacchi @FrancoSacchi]

@JacobAShell That’s precisely what Great Men want to hear.

[Franco Sacchi @FrancoSacchi]

@ShoahUkraine Or maybe because it was in May!!!!

[Franco Sacchi @FrancoSacchi]

https://t.co/4Jj1e6LIou

[Adémọ́lá. @OgbeniDemola]

A compulsory read for every African.

[Franco Sacchi @FrancoSacchi]

@Kanthan2030 I thought that this what AI was supposed to do 🤣. Find and Read this papers for you!!! Oh well…

[Franco Sacchi @FrancoSacchi]

@JacobAShell https://t.co/u8qIVq1KdW

[Franco Sacchi @FrancoSacchi]

@JacobAShell Milton Friedman famously spoke in favor migrants as long as they are illegal!!!