The World Gets Smaller, as Does Its Real Economy ('Human Resources') and So-called 'Natural Resources' (What Humans Call the Planet)
Having just spoken to my father for about an hour, a theme soon emerged. This time it was Wall Street's rigged game (those who don't cheat there are the ones being robbed). There's no need to convince many people of it, as there's widespread consensus on that matter. Many people decide to "invest" because of FOMO or jealousy; they keep seeing things "going up", so they have an impulse to join "the group", just like Bitcoin bros. Suffice to say, this won't end any better than back in the late 90s (after many years of "market rallies"), as a matter of fact it'll end up much worse.
Since the 90s the world's population grew, land area shrank, and land one can inhibit also shrank (due to temperature changes, floods and so on). The workforce required to run things hardly grew, so there's just more exploitation for lower and lower salaries.
As per our latest Daily Links, Waymo (Google, Alphabet) now admits that its 'autonomous' cars are controlled by workers overseas. Does that sound familiar? The old and somewhat racist joke goes, A.I. stands for something India(n), where the "A" can be anonymous or always or something else. Let's not go there...
What they call "AI" often turns out to be not AI; or just invisible slave-grade labour that also dodges obligations such as medical, taxes etc.
"If you're so smart," one might ask, "how come you cannot come up with sophisticated things like Waymo or Microsoft's Builder.AI or Amazon's JustWalkOut?"
How many other companies already got busted for calling secretive offshore slave labour "AI"? Real question by the way, perhaps we can catalogue these... there must be more examples of exploitative lies and fraud sold to the public as "AI".
If many "AI" companies are selling a lie (like Tesla with "full autopilot"), then everything is already massively overvalued. The future they promises to us is pure fiction.
In some cases, romantic chatbots turned out to be men in low-wage countries, not chatbots at all. So a lot of people out there overvalue the capacities and capabilities of chatbots; because they're actually human beings.
It's not that slop replaces human workers, it's just that there is an overabundance of humans and a lack of capital to sustain them all. This is a problem in China and other (far) east Asian countries, it's not limited to the West. It'll worsen for decades to come.
Don't talk about "AI". It's a smokescreen of that type of smokescreens they'd leverage in Davos or some other elite meetups. They already control of a lot of the major media, leveraging it to manipulate public discourse and discourage systemic change (they want to stay at the top; this system works... for them). █