I am righteously indignant over the wealth transfer to the very few that these bubbles create. The whole system is about creating bubbles so the grift can happen, both inside companies, transferring wealth to their employees at obscene rates, and in politics, as we see all over.
Russia’s New Gulag https://t.co/S6AToIDBEQ
Piercing NYer article on the unknown number (est. at least 10K) of Ukrainian civilians illegally pulled from Ukraine into Russian prison colonies where they are raped, electrocuted, beaten sometimes to death and starved with no way out.
Private equity firms are acquiring insurance companies and then making loans through them that put taxpayers on the hook when the loans go bad. They keep the returns for now; eventually when the loans go bad we will all bail them out. Just more socialism for the rich in the USA.
@TheStalwart Very interesting, and an important lesson for the user: when you need the highest-level output, make sure your input is sophisticated. Noted. Thanks for this.
@EdwardConard When the looming shortages hit the pumps, the price goes high enough for a drop in consumption to bring demand down to supply. It could easily take $10 gasoline/$300 crude oil for that to happen?
OpenAI (Sam Altman- look him up) is now plugged into our national defense. Think about that.
We were once a nation that sought God before going to war. Now we’re consulting algorithms. Code over conscience. Models over morality.
When Silicon Valley starts guiding battlefield decisions, who answers to a higher authority? Because it sure isn’t the machine.
That shift should concern every American.