Friday, 12 January 2018

Stephen Hawkings on Robots: It's the Distribution, Stupid.


I’ve seldom experienced déjà vu as strongly as I did reading Alexander C. Kaufman’s recent note on Stephen Hawkings’ brief Reddit AMA (h/t David Ruccio).

A member of the public asked:
  1. "Have you thought about the possibility of technological unemployment, where we develop automated processes that ultimately cause large unemployment by performing jobs faster and/or cheaper than people can perform them?
  2. "In particular, do you foresee a world where people work less because so much work is automated?
  3. "Do you think people will always either find work or manufacture more work to be done?"
See “technological unemployment” there?

Thursday, 4 January 2018

Cuck Fight!




Man, you've gotta love US politics!

The book records Murdoch's reply: "Donald, for eight years these guys [Silicon Valley honchos] had Obama in their pocket. They practically ran the administration. They don't need your help."

Trump is quoted as saying the companies "really need these H-1B visas".

Wolff writes that Murdoch suggested a more liberal stance on H-1B visas would sit oddly with Trump's hardline stance on immigration, to which the president-elect replied: "We'll figure it out."

Wolff writes that Murdoch shrugged as he got off the phone, and said: "What a fucking idiot." (Here)
Everybody knows government is not the executive committee for the bourgeosie, uh Brad?

UPDATE:
06-/01/2018. Amid a desert storm of denials from most of those quoted by Michael Wolff, The Donald and the White House came out really hard, all guns blazing -- like, well, all fire and fury -- on him, his book, and Steve Bannon. And then, according to the news, The Donald called his personal lawyer, Mr. Harder. Yup, that's right.

Shock and awe, man.

(source)

(source)
I can't say whether he's got a bigger and more powerful button, but at least he's got Harder. :-)

American politics is way better than fiction and it's all for free! Whoever said capitalism sucks?

Monday, 1 January 2018

Keynes: Reader's Goodwill, Intelligence, and Co-operation


"A final difference was one of intellectual manners. By the early 1930s, Keynes and his followers felt a sense of urgency, almost of desperation, to get their ideas accepted. It became the hallmark of Keynes's coterie to regard every economist outside Cambridge as mad or stupid; argumentative good manners were sacrificed to world salvation. On the other hand, there is near unanimous testimony to Hayek's intellectual hospitality."

There's no dearth of goodwill, intelligence, and co-operation towards Keynes and his coterie in the essay where that passage comes from. His author does not number among Keynes' harshest critics. What one cannot see there is goodwill, intelligence or co-operation towards those "outside Cambridge". They were simply "mad or stupid".