Socialist Bernie Sanders is upset that rich people might get richer by developing AI. Apparently, the real tragedy isn’t poverty or scarcity, but the possibility that someone might profit while making everyone else’s life easier.
If AI raises profits by raising productivity, producing more and better goods at lower prices, then consumers are the real winners. But Sanders isn’t worried about consumers. He’s worried about jobs, as if jobs are some moral good in and of themselves.
Jobs are not the goal. They’re the cost. We don’t work because work is fun. We work because we want the goods and services that work produces. If technology lets us get those things without the work, that’s not exploitation, it’s progress.
Every worker is also a consumer. And consumers benefit when prices fall. When goods and services cost less, people don’t have to work as hard to afford them. If prices fall far enough, people barely have to work at all. That’s not a dystopia, that’s the logical endpoint of productivity.
As long as goods and services are scarce, some work will always need to be done. When technology eliminates one job, it frees up labor to do something else. The less labor required to meet our needs, the more leisure society enjoys and the higher our collective standard of living. That’s how civilization advances.
But if Sanders is right, if anything that eliminates jobs is bad, then we should be consistent. Let’s not just smash all the robots and ban AI, but destroy every labor-saving device ever invented since the Stone Age. That way every one of us can go back to foraging, hauling water, building straw huts by hand, and stitching clothes from the hides of animals we kill ourselves with hand-carved spears.
Everyone will have a job working from sunrise to sunset, every day. No one will be unemployed. No one will retire. If you don’t work, you die.
But at least Bernie Sanders will be happy, as no one will be getting rich off us.
You have to give credit to the right for staying principled on hate speech. Whenever anyone is in power, all of a sudden, they start talking about hate speech, because it’s such an obvious way to shut down dissent. But when Pam Bondi suggested it, the right pushed back. Nice job!
Amid all the horror of the Air India plane crash, this story of British national Vishwashkumar Ramesh from Leicester, who was in seat 11a, being the sole survivor and walking away with just a few scratches, is truly astonishing.
@DavidBCollum Bitcoin "sucks capital" away from lesser stores of value
real estate = illiquid, high cost of carry
equities = historic valuations, most zombies
bonds = guaranteed loser in real terms
gold = solid, but bitcoin is better
The marginal investor increasingly choosing bitcoin
The store of value vs medium of exchange debate in Bitcoin is heating up again.
Jack Dorsey says Bitcoin fails without payments.
Michael Saylor says we’re thinking about “cash” all wrong.
Lyn Alden brings the nuance.
Let’s settle this controversy once and for all. 🧵👇
As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.
The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.
🔥 MUST WATCH: Calley Means GOES OFF on Politico and a Room Full of Anti-MAHA Lobbyists
"When you turn on CNBC, it's just a nonstop infomercial for pharma. It's a Skyrizi commercial followed by Scott Gottlieb saying how Bobby's k*lling people followed by a breathless coverage of the measles outbreak, and no mention of the mental health crisis. It is insane for you to insinuate that the thing standing between us and better health is more government bureaucrats."
🎥 @calleymeans
We owe Trump & Musk a debt of gratitude.
For a long time the big money interests, under Dem and Repub administrations, dominated our government & our politics.Their work was done quietly and out of public scrutiny. They had the power. They just didn’t advertise it.
Not anymore.
The US government using taxpayer money to buy XRP—an asset where Ripple controls over 50% of the circulating supply—is pure insanity.
Trump needs to understand the gravity of this mistake before it’s too late.
Who’s advising him on this?
There is no 'next Bitcoin.' Just like there was no 'next internet.' Bitcoin is the singularity, everything else is noise. If you don’t understand this yet, you will later.
I want to take a moment to publicly honor my mom and my wife, Lyn and Caroline, for the herculean effort they put into saving me from a life sentence.
They worked side-by-side, day after day, for years. Despite many setbacks and countless challenges, they never gave up. The amount of work it took to get me to where I am today is beyond what most people can probably imagine. My fellow prisoners often told me how fortunate I was to have a dedicated wife and mom like mine.
Many people helped us along the way and we are deeply grateful to all of them. I would still be locked in a cell behind a prison wall were it not for all the support we received. THANK YOU!
So @SenWarren is fear mongering and seeming to try to manipulate people into thinking Elon is doing things he is not.
They need to fear monger, scare you and get you wrapped up in your emotions to manipulate you into doing what they want.
This video is gross.