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qp11

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Zuckerberg's year of efficiency has spread to the companys upper ranks

fortune.com
3 points·by qp11·2년 전·0 comments

Germany sees company bankruptcies soar

dw.com
74 points·by qp11·2년 전·82 comments

Hacker Theory

e-flux.com
2 points·by qp11·2년 전·0 comments

How Guanxi built the Taiwan tech powerhouse

theedgemalaysia.com
3 points·by qp11·2년 전·0 comments

Restaurants are having their biggest year

axios.com
2 points·by qp11·2년 전·1 comments

The Financialization of Nigeria and challenges ahead

tekedia.com
3 points·by qp11·2년 전·0 comments

What do Students graduating from Elite Colleges this year want?

nytimes.com
1 points·by qp11·2년 전·0 comments

Assange miniature goes on show (Unofficially) at the V&A London

theartnewspaper.com
3 points·by qp11·2년 전·0 comments

Content is Not King (2001)

firstmonday.org
3 points·by qp11·2년 전·0 comments

Autoworker at the Alabama Mercedes plant reflects on union forming election loss

jacobin.com
2 points·by qp11·2년 전·0 comments

The House Bans the Fed from Building a CBDC Like the Digital Yuan

forbes.com
3 points·by qp11·2년 전·1 comments

Understanding "Financialization" and How to Defeat It

apwu.org
22 points·by qp11·2년 전·13 comments

Kabosu Dies: Beloved Shiba Inu Who Gained Fame as Doge Meme Was 18

deadline.com
7 points·by qp11·2년 전·0 comments

Margin Between Prime Rate and Avg CreditCard InterestRate in US at Historic High

wallethub.com
1 points·by qp11·2년 전·0 comments

Bark Air – Airline for Dogs Launches in New York

reuters.com
2 points·by qp11·2년 전·1 comments

Verizon: Orgs take 55 days to patch Bad actors start exploits in 5

lightreading.com
2 points·by qp11·2년 전·0 comments

US Companies Move Behind American Shield to Delay Global Tax

news.bloombergtax.com
5 points·by qp11·2년 전·1 comments

Big US banks dominated fossil fuel financing in 2023, campaign report says

ft.com
1 points·by qp11·2년 전·0 comments

Dubai unlocked leaks: Inside the secret billionaire hideaways

forbes.com.au
4 points·by qp11·2년 전·0 comments

South Korea-Japan ties tested by dispute over Line app

voanews.com
1 points·by qp11·2년 전·0 comments

comments

qp11
·2년 전·discuss
PSA: learn to cook. savings skyrocket. no apps required.
qp11
·2년 전·discuss
Worth also pointing out as Rate of Change around the Expert increases they become executionally non excellent, while still being called Experts.

So that kind of confuses everyone including the experts.

Network growth, trade growth, capital growth, info growth all are happening faster than expert growth.
qp11
·2년 전·discuss
People who beg for power will always be dependent on someone else to hold on to it. If you are begging for it you are on the wrong path. Doesn't matter what the gender is.
qp11
·2년 전·discuss
No need to make them cofounders. Take a loan for N months and pay them (or someone more skilled). Recover the amount when you fund raise. If you get to a decent prototype state, recovering cost of employing 1-2 devs is not too complicated.
qp11
·2년 전·discuss
pfft people who want to find a way around what anyone "allows" will do so. To desperate people rules dont matter.

There are more than 50 countries right now standing with begging bowls outside the IMF cause their economies have no hope of growing without help. As long as that list has no hope of shrinking, people who live there and recognize that reality, are going to find ways to get out by hook or crook.

Immigration is a symptom of growing global inequality. Without inequality reducing no rules or walls are going to stop the incoming waves.
qp11
·2년 전·discuss
Thats exactly how Governments in the rest of the world protect strategic sectors from being swallowed up by Wall Streets massive mountain of capital.
qp11
·2년 전·discuss
Google Sharon Zukin. She wrote a book on loft living and describes the decline-rejuvination cycles in cities. According to her poor artists are the reason for those million dollar valuations.

Cycle goes something like this. Factories in parts of the city shut down after it get cheaper to run them outside. Those spaces lay empty, rents drop, decay begins. Poor Artists move in. Area starts getting interesting. Yuppies move in cuz of the 'cool' factor. Property developers notice. They start buying everything up. Rents jump. Artists get kicked out. And you end up with boring rich people living in a formally cool area.
qp11
·2년 전·discuss
Saying Zuck et al knew what they were doing is misleading, and gives them too much credit. They are no experts in how dopamine works.

Tech makes it easy to build things quick. Some things gets popular more by accident than design. Zuck didn't build insta, or whatsapp or tiktok. The reasons for popularity and what is working is generally discovered post facto.

Popularity attracted funding. Things scale up (scale is the only thing tech brings to the table). That attracts financial engineers of Wall St. They take over and control how firms are managed. Cuz most creatives, engineers and scientists have no training in finance or business. And that sets up where the story goes.

The financial engineers aren't programmed to design goods or improve quality of life. They are programmed to capture market, as quickly as possible and collect rent from as much of the market as possible, getting the cheapest rates on interest/labor/forex/tax etc.

Market capture tactics increasing rely not on product, or quality of product, but on arbitrage capability, taking out competition AND outspending the competition in Marketing/Advertising/PR (ie Demand Engineering). Demand engineering works cause people have finite Attention bandwidth. As long you get your signalling and messaging into that finite bandwidth you win over the people who cant.

The technologist, the financial engineer, the demand engineer are all furiously optimizing what they are individually good at.

When they come together we end up with a very efficient corporate machine. When a whole herd of these machines, all copying each others behavior, run around the individual human being has less and less control over their own environment.

The machine herd will capture your kids in some other way if you get them off smartphones and social media. The only solution is to change the behavior of the machine and the herd.
qp11
·2년 전·discuss
The issues have been well understood for decades but the fixes involves dismantling existing power structures so nothing simple about it. Short summary of the issues - https://michael-hudson.com/2023/07/global-economic-history-i...
qp11
·2년 전·discuss
It is scarce in the sense Attention doesn't grow. As in there is an upper limit to how many things you can pay attention too, and how much free time you have to pay attention. But Info is growing all the time. Which also means the number of things you can't pay attention too is growing.

The UN report on the Attention Economy quotes a study that says 0.5% of content generated is consumed by people. And that number was from 2015 and keeps falling.

As networks grow, more connections happen, and as tools of content generation/distribution/broadcast gets cheaper or free, Info keeps exploding. But Attention available does not grow.

So this creates a problem for 2 groups - those who want the Attention of others (eg corporations/politicians/influencors etc) and those who are having a hard time working out what info to pay attention too.

The global attention allocation system is designed for the first cause they are willing to pay to capture finite available global attention.

The second group is mostly left to fend for themselves against extremely sophisticated systems designed to capture, buy and sell their attention or sometimes even steal it.
qp11
·2년 전·discuss
The problem is not info or misinfo but scarcity of attention.

Herbert Simon in 1971 - In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the Attention of its recipients. Hence a wealth of information creates a poverty of Attention and a need to allocate that Attention efficiently among the overabundance of information sources that might consume it.

The current global attention allocation system is biased towards the biggest attentions craving characters on the planet And those who can buy the most ads.
qp11
·2년 전·discuss
In theory India has sort of done it with UPI. Cost have been distributed across govt/banks/tech firms that make the apps and the end user who pays for the internet and phone. Whether its sustainable or not time will tell.
qp11
·2년 전·discuss
It's not just Greed.

Sure there are mindless greedy parasites in any environment that extract more than they input into the system, but you can easily find a whole bunch of execs in American corporate wonderland who are not greedy. And there are a whole lot of well known mechanism to handle parasites.

Yet these outcomes are very common. Main reason being economic and business theories that have been taught and followed for decades are hitting their limitations. Especially around fictionalization.

You don't need an Einstein to work out how to profit taking advantage of cross border differences in labor costs, interest rates, tax rates, govt subsidies, forex, real estate costs etc. Because you don't have to be Einstein, everyone blindly follows what they have been taught.

All these are financial engineering methods of showing a profit happen without actually depending on what you produce, its quality, or demand/supply in the market. If Everyone plays financial engineering games, cause its become easy, doesn't require much imagination or creativity (only access to capital or credit) then what happens?

Without new theories about making this system sustainable, its like watching European theories of colonization and empire that once everyone believed in running their course.
qp11
·2년 전·discuss
It reveals what the priorities are - https://michael-hudson.com/2023/11/israel-as-a-landed-aircra...

Few years back they were furiously crying about afghan girls. We can see how many care about those girls today. Its cause their priorities changed.
qp11
·2년 전·discuss
More like they don't want to deal with drama when they have a whole lot of other headaches on their plate. Winds can change overnight. Like Churchill hitting peak support and popularity in 1945 but then he goes and looses the elections after the war. Why? Cause the support during the war was for one thing and the elections were about another.
qp11
·2년 전·discuss
Its not their fault.

They are competing against large roving armies of pure scum at Microsoft, who land up at the door of whichever large corp or govt org that decide to switch, with unmatchable discounts, freebies, bribes, lies and threats to ensure their rent collecting empire is defended at all cost.

The reason Microsoft wins much more than tech is related to tactics used in sales, financial engineering, demand engineering(PR/marketing/advertising) etc.

The EU looked like it was going to do something about the Desktop Market by targeting Microsoft Desktop domination specifically with the Digital Markets Act but what they ended up with some weakass shit about allowing people to uninstall some of the preinstalled apps Microsoft ships.

If Big Tech has to be disintermediated the first step is to understand there is lot more going on outside the realm of Tech that needs to be disintermediated. And a pure one dimensional technology based approach has no chance of making a dent.
qp11
·2년 전·discuss
And there will be lot of jobs to clean up all the mistakes AI makes (currently being hidden or swept under the carpet to keep valuations up).
qp11
·2년 전·discuss
But you are competing with the National Association of Realtors. One of the largest spenders on lobbying in America - https://www.opensecrets.org/industries?cycle=2022

The US is a FIRE economy - https://en.wikipedia.org/wiki/FIRE_economy

https://en.wikipedia.org/wiki/Financialization
qp11
·2년 전·discuss
Compounding matters is the fact that it has become really easy to roll out half baked shit at ridiculous scales.

The marketing mega machine then uses the Scale to pretend its not half baked shit - "hey man just look at how many people are using it".
qp11
·2년 전·discuss
These guys dying in the thousands but oligarchs are untouchable. That's what I don't get.