Yosh

[Yasir Ai @AiwithYasir]

🚨BREAKING: Two researchers from UPenn and Boston University just published a paper that should be uncomfortable reading for every CEO automating their workforce right now.

The argument is straightforward. Every company replacing workers with AI is also eliminating its own future customers. Laid off workers stop spending. Enough of them stop spending and nobody can afford to buy anything. The companies that fired everyone end up selling into an economy with no purchasing power left.

Every executive can see this. The math is not complicated. But here is why nobody stops.

If you do not automate, your competitor does. They cut costs, lower prices, take your market share, and you collapse anyway. So every company automates knowing it is collectively destructive because the alternative is dying alone while everyone else survives. The researchers proved this is a Prisoner's Dilemma playing out in real time.

The numbers are already moving. Block cut nearly half its 10,000 employees this year. Jack Dorsey said AI made those roles unnecessary and that within the next year the majority of companies will reach the same conclusion. Salesforce replaced 4,000 customer support agents with AI. Goldman Sachs deployed a coding tool that lets one engineer do the work of five. Over 100,000 tech workers were laid off in 2025 and AI was cited as the primary driver in more than half those cases. 80% of US workers hold jobs with tasks susceptible to AI automation.

The researchers tested every proposed solution. Universal basic income does not change a single company's incentive to automate. Capital income taxes adjust profit levels but not the per-task decision to replace a human. Collective bargaining cannot hold because automating is always the dominant strategy.

They also identified what they call a Red Queen effect. Better AI does not solve the problem, it accelerates it. Every company chases faster automation to gain market share over rivals but at the end everyone has automated equally, the gains cancel out, and the only thing left is more destroyed demand.

The one thing the math says could work is a Pigouvian automation tax. A per-task charge that forces companies to account for the demand they destroy each time they replace a worker.

The conclusion is that this is not a transfer of wealth from workers to owners. Both sides lose. Workers lose income. Companies lose customers. It is a deadweight loss with no market mechanism to stop it on its own.

(Link in the comment)

[Jenni @hashjenni]

It's fucking wild we need a dead man's emails to believe the testimonies of 1000 women.

[Moving Home with Charlie @moving_charlie]

Wowch! A “house price ponzi” and

“A suicidal move by @RachelReevesMP” says @yanisvaroufakis then makes @krishgm laugh with his assessment of the UK government.

[Jonathan Pie @JonathanPieNews]

Trump 2 .0: A New World Order
He's back. And this time he means business.
If only the left had got their house in order...

[Savan Qadir @savanQadir]

Gosh this is brutal 🔥

[Yanis Varoufakis @yanisvaroufakis]

"Where Adam Smith and Karl Marx found common ground was in the idea that everyone’s interests are aligned against landlords: they are an economic deadweight." https://t.co/XwzlXM8Hfj

[Carol Vorderman @carolvorders]

NEWS
UK spends more financing inequality in favour of rich than rest of Europe, report finds

If you think the Tories have robbed your family blind....you're right....they have.

Equality Trust report this week proves it, inc

🔹Richest 1% in the UK are paying the lowest taxes of such a group in any large European country
🔹 Britain in the 1970s was one of the most equal of rich countries. Today, it is the second most UNEQUAL, after the US.
🔹 UK spends more than anywhere else in Europe subsidising the cost of structural inequality in favour of the rich
🔹Inequality has made UK more unhealthy, unhappy and unsafe than our more equal peers
🔹UK has shorter healthy working lives, poorer education systems, more crime and less happy societieies
🔹UK society structured to allow massive profiteering for the richest at the expense of everyone else
🔹Massive regional disparities and leaving the UK vulnerable to shocks and recessions.
🔹90% of all national assets and infrastructure are now privately owned making Britain one of the most heavily privately and narrowly owned economies among rich countries.

And it has accelerated since 2010

https://t.co/oRO5YSZqA7

[Philip Oldfield @SustainableTall]

Why do you think Britain is a nation of drivers?

[Robert Peston @Peston]

The route to lower inflation is for companies to cut their profit margins, the IMF's deputy director @GitaGopinath said yesterday. "If inflation is to fall quickly, firms must allow their profit margins—which have shot up during the past two years—to decline and absorb some of the expected rise in labour costs.” She was talking about the eurozone. Why would the analysis not apply to UK? Big question for the prime minister and chancellor

[George Monbiot @GeorgeMonbiot]

She was groomed by dark-money lobby groups working for Big Tobacco, Big Oil and foreign oligarchs. Now Liz Truss is in office and trashing this country on their behalf.

[President Biden Archived @POTUS46Archive]

I am sick and tired of trickle-down economics. It has never worked.

We're building an economy from the bottom up and middle out.

[Taj Ali @Taj_Ali1]

Just 7% of Brits are privately educated yet 74% of the new cabinet are privately educated. A two-tier education system creates a two-tier society. We'll hear a lot about diversity over the coming few days but diversity which doesn't account for social class is meaningless

[Barry Wilkes @wilkesb]

This letter in today’s Times really does deserve a read.

[Irvine Welsh @IrvineWelsh]

This is brilliant.

[Jeremy Corbyn @jeremycorbyn]

Johnson is the third PM to fall in six years because there is no solution to the deep economic and environmental crisis we face that picks our pockets and steals our future.

Real change isn't a new Tory PM but a new politics to redistribute wealth and power.

[Hugh Grant @HackedOffHugh]

Dear World, You may be wondering what happens next in terms of the British constitution. The answer is that 3 newspaper owners - all of whom are non domiciled in the UK for tax purposes - get together and choose our next Prime Minister or “Poodle”. The Queen then anoints them.

[New York Times Opinion @nytopinion]

“Seriously I can just come out and say it? Call him a liar?” asks @JonathanPieNews, a fictional broadcast reporter created and performed by comedian Tom Walker, in a satirical video about Britain’s Prime Minister.
“God bless America.” https://t.co/Hu6Q6q8TBp

[Irvine Welsh @IrvineWelsh]

Enough said