Democratically elected governments should have no say as to how many billions of dollars of market activity tech oligarchs are entitled to capture and redirect towards their very noble goal of winning the competition to see who can build the biggest yacht.
And, of course, building bunkers for when enough of the general population eventually catches onto and gets tired of the grift...
Yup. I'm extremely unconvinced that a non-distributionary constraint (ex: limiting the money supply one way or another, i.e. the gold standard, bitcoin, etc.) fixes a distributionary problem.
You know what would fix a distributionary problem? A (re)distributionary solution.
The most obvious one is progressive/wealth taxation (a ceiling) and UBI (a floor).
Keep competitive market dynamics, narrow the window in which they're allowed to operate and add some hard constraints.
Here's my prediction: Trump eventually crumbles, but is replaced by an equally (but differently) inept establishment Democrat figure. Conversations about inequality and wealth taxation in the West continue to be (increasingly) suppressed. Backlash against both inequality and related anticapitalist speech suppression continues to grow. Capital interests continue to use redirection (culture wars, race wars, religious wars, etc.) as a diversionary tactic. China's collectivist unity allows them to continue to reorient as things continue to change and evolve at a rapid pace. America's silicon and software advantage quickly evaporates. Economic advantage follows soon after (already in progress due to USD debt crisis and associated inflation). Africa and Latin America continue to shift towards China or neutrality. South Asia follows a bit later. North America and Europe remain indecisive and overreliant on America, American tech, and USD financial markets. Taiwan becomes increasingly pro-China/pro-unification as South Asia reorients towards Chinese hegemony while Western hegemony continues to crumble in on itself due to its inability to reign in overcompetition (capture) which stifles innovation and deteriorating material conditions sew ever increasing conflict and fragmentation.
Tl;dr: The West competes itself into irrelevance while China cooperates its way to victory.
Whether or not the information war turns into a kinetic war depends largely on the West's ability to recognize that coercion, deception, and manipulation in the pursuit of dominance is not really an effective strategy in an information war.
And Trump was elected with the support and influence of the very cadre of oligarchs running much of silicon valley: Elon Musk, Alex Karp, Palmer Luckey, etc., etc.
Elon Musk (not Trump) is actively still weaponizing algorithmic control of X to try to destabilize US "allies". Larry Ellison is doing the same thing with a whole swathe of media companies and TikTok.
The issue is the authoritarianism and patriarchal narcissism of an American-centered global elite who have gotten so used to "winning" they began to think it was God-given right and not something they'd achieved because their winning had (broadly speaking) been in everyone else's interest.
Now that their mindset has shifted to win at all (read: everyone one else's) cost(s) - do you REALLY think that everyone is going to blindly keep following? For how long?
The fact that America has yet to figure out the importance of soft power (and TRUST in particular) in the AI/information age is mind boggling to me.
The CLOUD act, FISA rulings, the Snowden leaks, and now the aggressive tech oligarch push to weaponize the unholy combination of AI, MAGA, and social media algorithms in an absurd and patently obvious attempt to impose (or maintain?) "world domination" seems likely to cement their downfall.
"Authoritarian" China's low-cost and open source approach looks downright democratic by comparison.
It seems increasingly clear to me that AI is forcing a reckoning in terms of how we interpret authority and control in light of new ways that information is evolving. The old political labels seem grossly insufficient to describe the present reality and the ones whining about "democracy", "freedom", and "liberal values" increasingly sound (and act) like bitter, out of touch old men desperately clinging onto a world that is rapidly outgrowing them.
Last time I checked, the closest approximation of liberal values are "liberty, equality, fraternity". They seem to think that "liberty" should only apply to them, "equality" is a threat to their consolidated power, and "fraternity" is something that should be weaponized to turn communities against one another to distract from the ways the oligarchs have been and continue to abuse and consolidate their power.
US government:
"Bad Anthropic! Not patriotic enough. AI is only for American "citizens" (who we are actively trying to reduce/restrict to people we like)."
Anthropic:
"Oh... American access only, you say? I'm sorry, we can't promise that (because VPNs and US-local cloud hosting and all that), so we need to turn it off completely."
...probably.
If so, I wonder what turn the political shenanigans will take next?
Based on the actions of the current administration and the short-sighted tech oligarchs who have been consistently pushing towards neo-fascism/neo-feudalism, probably one that further degrades trust all around and gives China even more of a leg up.
It seems to me like referential transparency and pure functional composition would be a much cleaner way to visually compose functions into larger functions (and eventually programs).
Blockchain refers specifically to a linked-list-like data structure which utilizes cryptographic hashes at each node to store an authentication of the tail of the list on each head (node). If you have a similar structure using trees, it's a merkle tree. Replication + message signing does not imply either (necessarily).
Democratically elected governments should have no say as to how many billions of dollars of market activity tech oligarchs are entitled to capture and redirect towards their very noble goal of winning the competition to see who can build the biggest yacht.
And, of course, building bunkers for when enough of the general population eventually catches onto and gets tired of the grift...