(1/8) What is #misalignedmarkets? My political economy begins by taking Hayek seriously. He saw markets (and minds) as a form of decentralized processing a logical “spontaneous order” that aggregates knowledge. https://t.co/QO4TmW4Y2v
@xriskology@BernieSanders The fact that Sanders is the only "leftist" named in "The Left is Missing Out" on AI and then when on a grand tour meeting Miri, Claude, and Hank Green makes me think that Sanders not understanding is intentional.
6/ I am thinking about doing a LLM “use case” blog post as I've created a quick and dirty heuristic for deciding when one is falling for the intelligence “dark pattern.” But I'm swamped with other stuff. If you're a Misaligned Markets reader, let me know what you think.
1/ LLM intelligence is a dark pattern is now my most read post after a surge of traffic to my blog last week (thanks @deontologistics)
Funny that a political economy blog talks tech, but this is the biggest labor story of the era. I've written 20k words across 4 posts:
5/ My last and most ambitious LLM post is on the AI bubble. Includes arguments for why there's a bubble, what residuals might remain, the signs that the bubble is popping... will admit that this should have been 3 separate posts, though. https://t.co/VxY5G4EIb2
@ProfHall1955@italksplanguage Philip Mirowski is pretty good. Never Let a Serious Crisis Go to Waste (among his other works) stands out on this topic. Hoping to start a book club about political economy on my blog and that's on there.
(1/8) What is #misalignedmarkets? My political economy begins by taking Hayek seriously. He saw markets (and minds) as a form of decentralized processing a logical “spontaneous order” that aggregates knowledge. https://t.co/QO4TmW4Y2v
(8/8) When a DNS gets hijacked and your browser routes to a hacker's domain, no rules were broken! Interfaces can lead to states in which the rules, as followed, lead to undesirable outcomes for a counterparty. Often, this is where profit lives! https://t.co/EXL5qlIb2P
(7/8) Markets are interfaces: a boundary between the constructed reality of capitalist inputs (rents, property, entitlements) and the world. Profit-maximizers build interfaces routing to slices of reality favoring them. https://t.co/EXL5qlIb2P
Of course, AI discourse is inseparable from the social and economic environment we find ourselves in. The fact that LLMs were marketed as capital-as-labor and data centers are driving up local costs is a huge factor in these discussions.
Great, reflective thread on AI broadly by @deontologistics. As someone who works w/ LLMs but is not a booster, I've tried to balance my commentary. But a lot of discourse makes sense when you realize people are responding to the marketing/hype and not tracking the field.
This isn’t a new observation, but I think there really is a massive referential calibration problem in public discourse about ‘AI’ and its capabilities. There are at least two sides to this.
There really are “two” AI worlds: If you don't know what you're doing LLMs are dangerous ELIZA effect creating, slop generators that will delete your filesystem. But highly technical users who have requisite knowledge and ability to scope uses will see benefits.