If you want to make the most progress you've ever made in your life, you need to be alone. You need an extended period of isolation, not influenced by friends or media, spent building your future. You need space to learn, think, experiment, and fail.
Give yourself 6 months. Focus solely on the development of your mind, body, spirit, and finances. This is how you get ahead of most people.
"There are no shortcuts to knowledge, especially knowledge gained from personal experience. Following conventional wisdom and relying on Shortcuts can be worse than knowing nothing at all." - Ben Horowitz
Milton Friedman casually dismantles the “capitalism = greed & exploitation” narrative on national television:
“Tell me, is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? You think China doesn’t run on greed?
The world runs on individuals pursuing their separate interests. The great achievements of civilization have not come from government bureaus. Einstein didn’t construct his theory under order from a bureaucrat. Henry Ford didn’t revolutionize the automobile industry that way.
The only cases in which the masses have escaped from the kind of grinding poverty you’re talking about are where they have had capitalism and largely free trade. If you want to know where the masses are worst off, it’s exactly in the kinds of societies that depart from that.
The record of history is absolutely crystal clear that there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by free enterprise.”
I trust entrepreneurship because the market is rude in a useful way.
If nobody wants what you made, you find out quickly and you have to improve or do something else.
Government can keep a bad idea alive for decades, pay salaries around it, hold conferences about its failure (and usually think it failed because they didn’t spend more), and still ask for a larger budget the next year.
@herroboter@thuo_waithera And actually, competition itself is a systemic reform. A system can be reformed to permit many institutions to experiment, succeed, fail and be replaced is and that is every bit as structural as one in which a central authority chooses a reform and applies it universally.
@herroboter@thuo_waithera "Empirical data tells us what structural reforms we need" doesn't solve the problem I raised. Empirical evidence can tell us what worked before, but it cannot guarantee that one centralized institutional design is optimal across different places & future circumstances
@herroboter@thuo_waithera Finally, privatisation by itself isn't the answer. Since a private monopoly can be just as terrible as a public monopoly. The important ingredients are competition, consumer choice, freedom of entry and consequences for failure...in other words FREE MARKET CAPITALISM.
@herroboter@thuo_waithera Once you understand this your view on profit changes completely. Because profits aren't merely about enriching owners; they are mechanisms for discovering which ideas work. Profit is the reward for satisfying consumers better than the available alternatives.
@BabaArya14@Wordslinger__ Government should protect freedom, establish fair rules and act as the referee, not become the main player in society and the economy. Government should therefore act only where there is a clear advantage over voluntary action and markets.
For my first post, I’m sharing a letter @NVIDIA signed on why open models matter.
AI will transform every industry, power every company, and be built by every country.
Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty.
The world needs both frontier closed models and frontier open models.
https://t.co/AUKzoQ5Ikb