yeah like, above a certain level of economic power that’s true, but the overwhelming majority of humans are below that level, and AI is expected to raise that waterline. it’s kind of the primary failure mode I expect.
I mean, the 40 hour work week movement did help a lot. But it was an instance of a large push of organizing to demand constraint on what the aggregate intelligence (which at the time was the stock market—which is a trade market of police-enforceable ownership contracts), could demand of people who were not highly empowered. And it involved leveling a lopsided playing field by things that one side considered dirty tricks, such as strikes. I don’t think that’ll help against AI, to put it lightly.
To be clear, I recognize that your description is accurate for a significant portion of people. But it’s not close to the majority, and movement towards making it the majority has historically demanded changing the enforceable rules in a way that would reliably constrain the aggregate agency of the high dimensional control system steering the economy. When we have a sufficiently much more powerful one of those is when we expect failure, and right now it doesn’t seem to me that there’s any movement on a solution to that. We can talk about “oh we need something better than capitalism” but the problem with the stock market is simply that it’s enforceable prediction, thereby sucking up enough air from the room that a majority of people do not get the benefits you’re describing. If they did, then you’re right, it would be fine!
I mean, also there’s this, but somehow I expect that that won’t stick around long after robots are enough cheaper than humans
I think we’re talking past each other a bit. It’s absolutely true that the vast majority historically and, to a lesser extent, in modern times, are pretty constrained in their choices. This constraint is HIGHLY correlated with distance from participation in voluntary trade (of labor or resources).
I think the disconnect is the word “capitalism”—when you talk about stock markets and price discovery, that says to me you’re thinking of a small part of the system. I fully agree that there are a lot of really unpleasant equilibra with the scale and optimization pressure of the current legible financial world, and I’d love to undo a lot of it. But the underlying concept of enforced and agreed property rights and individual human decisions is important to me, and seems to be the thing that gets destroyed first when people decry capitalism.
Ok, it sounds, even to me, like “The heads. You’re looking at the heads. Sometimes he goes too far. He’s the first one to admit it.” But really, I STRONGLY expect that I am experiencing peak human freedom RIGHT NOW (well, 20 years ago, but it’s been rather flat for me and my cultural peers for a century, even if somewhat declining recently), and capitalism (small-c, individual decisions and striving, backed by financial aggregation with fairly broad participation) has been a huge driver of that. I don’t see any alternatives that preserve the individuality of even a significant subset of humanity.
yeah like, above a certain level of economic power that’s true, but the overwhelming majority of humans are below that level, and AI is expected to raise that waterline. it’s kind of the primary failure mode I expect.
I mean, the 40 hour work week movement did help a lot. But it was an instance of a large push of organizing to demand constraint on what the aggregate intelligence (which at the time was the stock market—which is a trade market of police-enforceable ownership contracts), could demand of people who were not highly empowered. And it involved leveling a lopsided playing field by things that one side considered dirty tricks, such as strikes. I don’t think that’ll help against AI, to put it lightly.
To be clear, I recognize that your description is accurate for a significant portion of people. But it’s not close to the majority, and movement towards making it the majority has historically demanded changing the enforceable rules in a way that would reliably constrain the aggregate agency of the high dimensional control system steering the economy. When we have a sufficiently much more powerful one of those is when we expect failure, and right now it doesn’t seem to me that there’s any movement on a solution to that. We can talk about “oh we need something better than capitalism” but the problem with the stock market is simply that it’s enforceable prediction, thereby sucking up enough air from the room that a majority of people do not get the benefits you’re describing. If they did, then you’re right, it would be fine!
I mean, also there’s this, but somehow I expect that that won’t stick around long after robots are enough cheaper than humans
I think we’re talking past each other a bit. It’s absolutely true that the vast majority historically and, to a lesser extent, in modern times, are pretty constrained in their choices. This constraint is HIGHLY correlated with distance from participation in voluntary trade (of labor or resources).
I think the disconnect is the word “capitalism”—when you talk about stock markets and price discovery, that says to me you’re thinking of a small part of the system. I fully agree that there are a lot of really unpleasant equilibra with the scale and optimization pressure of the current legible financial world, and I’d love to undo a lot of it. But the underlying concept of enforced and agreed property rights and individual human decisions is important to me, and seems to be the thing that gets destroyed first when people decry capitalism.
Ok, it sounds, even to me, like “The heads. You’re looking at the heads. Sometimes he goes too far. He’s the first one to admit it.” But really, I STRONGLY expect that I am experiencing peak human freedom RIGHT NOW (well, 20 years ago, but it’s been rather flat for me and my cultural peers for a century, even if somewhat declining recently), and capitalism (small-c, individual decisions and striving, backed by financial aggregation with fairly broad participation) has been a huge driver of that. I don’t see any alternatives that preserve the individuality of even a significant subset of humanity.