Mammon category archive
This New Gilded Age . . . 0
. . . brings with it a new generation of robber barons.
At Der Spiegel, Simon Book shines a light on one of them, the Lord High Admiral of the Zuckerborg.
Just go read it.
Look! Over There! This New Gilded Age Dept. 0
Steve M. dissects the Republican Party’s misdirection play. A snippet:
The Medicine Show 0
Thom debunks Trump’s bunk about bringing drug prices down.
Post Mortem 0
Steve M. offers some thoughts on why Jeff Bezos has turned the once great Washington Post into the Washington Postcard. A snippet:
Tech guys become impatient when everything they touch doesn’t instantly turn to gold. They expect that they can move fast, break things, and watch the value of their new toy go up because they’ve made it buzzy. But that’s not how mature businesses work.
This New Gilded Age 0
At the New Orleans Times-Picayune, Bob Marshall argues that the Trump maladministration’s EPA is putting profits over people. A snippet:
(snip)
That sentence was handed down when the agency quietly decided this: It will no longer include the number of lives lost or damaged when determining the required cost-benefit analysis of pollution regulations.
The Me Veneration 0
Seth identifies the governing principle of today’s Republican Party.
This New Gilded Age 2
At the Portland Press-Herald, James McGuire argues that the increasing concentration of great wealth in few hands is harming the polity. A snippet:
Meanwhile, those who shape policy often live entirely insulated from its consequences. They do not rely on public transportation, wait weeks for medical appointments or wonder whether the heat can stay on through winter. They speak easily about “belt tightening” and “market discipline” because they will never feel the belt or the discipline themselves.
Methinks he makes some good points.
The Greenland New Deal 0
Rick Strom takes a look at the international reaction to Donald Trump’s Greenland fetish and some of the reasons that might explain said fetish.
The Greenland New Deal 0
Jonathan ALter argues that Trump’s obsession with Greenland is not just about ego. It’s also about rolling back the clock to the age of empire. A snippet:
Follow the link, where Alter follows the money.
The Me Veneration 0
Robert Reich sums up Donald Trump’s approach to governance–well, really, to just about everything–in eight points. Here are the four that I think predominate; follow the link for the others and for the rest of Reich’s article.
(snip)
(6) Personal enrichment by Trump and other officials is justified in pursuit of victory.
(7) So are lies, cover-ups, and the illegal use of force.
(8) Trump is invincible and omnipotent.
Copywrongs 0
I have noted before in these electrons that, since my earliest days on Usenet and BBSs (that’s “bulletin board systems”–look it up), I have been amazed at how persons willingly believe stuff that they read on a computer screen, when they would not believe the same stuff if it happened before their eyes. Now, with the advent of AI chatbots, we’ve progressed to a point at which persons willingly believe stuff they hear from their computers when they wouldn’t believe the same stuff if it happened before their eyes.
Bloomberg’s Catherine Thorbecke thinks that, as AI spreads, it’s time for the companies that are manufabricating it to come clean about what they are using for their “training” data. She asks
The answer appears to be “yes” to all of the above. But we can’t know for sure because the companies building these systems refuse to say.
The secrecy is increasingly indefensible as AI systems creep into high-stakes environments like schools, hospitals, hiring tools and government services. The more decision-making and agency we hand over to machines, the more urgent it becomes to understand what’s going into them.
I commend the entire article to your attention.
Artificial? Yes. Intelligent? Not So Much. 0
Trustworthy? At Psychology Today Blogs, CUNY professor Azadeh Aalai reminds us that
(s)ome of the perils of AI include the spread of false information and the potential to manipulate.
And, speaking of the potential to manipulate . . . .
This New Gilded Age 0
Robert Reich explains the five ways to become a billionaire. They may not be what you (or Horatio Alger) might expect.
- First, exploit a monopoly.
- A second way to make more than a billion is to get insider information that’s unavailable to other investors.
- A third way to make more than a billion is to buy off politicians who will change the rules of the “free market” in your favor.
- The fourth way to make more than a billion is to extort big investors.
- The fifth way to make more than a billion is to get the money from rich parents or relatives.
Follow the link for a detailed discussion of each one.
Artificial? Yes. Intelligent? Not So Much. 0
Our new robotic overlords? Security maven Bruce Scneier points out that
Follow the link for his exploration of the implications of the infiltration.
This New Gilded Age, All the News that Fits Dept. 0
Amy Goodman points out that oligarchy can lead, not just to monopolies dominating and thereby controlling markers, but to their dominating and thereby controlling information.
The Crypto Con 0
In the midst of a longer post, almost as an aside, Atrios gets to the heart of the crypto con in five words: