REC -
So prophetic! love the coining of "gold" goo... and the idea of
psuedopodia... I'm sure I read this 12.5 years ago, but like the good
LLM I am, I lost any possibility of attribution as soon as I'd trained
on it!
-SAS
On 1/28/24 3:07 PM, Roger Critchlow wrote:
From: *Roger Critchlow* <r...@elf.org>
Date: Sun, Oct 23, 2011 at 11:10 AM
Subject: Re: [FRIAM] Fwd: Next Dictator
To: The Friday Morning Applied Complexity Coffee Group <friam@redfish.com>
I keep thinking that the next big dictator isn't new.
Das Kapital is an artificial life form which by a process of natural
selection pursues its own preservation and growth. It doesn't care
which individuals or institutions survive or perish in the process, it
just moves and grows where the return on investment takes it. It has
no ethics, no morality, and no sense of humor.
Daniel Kahneman in
http://www.nytimes.com/2011/10/23/magazine/dont-blink-the-hazards-of-confidence.html mentions
analyzing 8 years of investment results for 25 successful
investment advisers. Though these were all experienced and confident
men, the average year to year correlation in their results was 0.01.
The highly rewarded experts of finance have no real idea what they're
doing, they are highly rewarded for an "illusion of skill", they play
roulette with style and their clients buy them expensive clothes to do
it in. The news didn't faze them a bit; that they can do what they
do and get rewarded for it is all the affirmation they need.
In dealing with Das Kapital, I think we're pretty much all in the same
boat. No one knows where the slime mold will choose to extend its
pseudopodia, or which of the pseudopodia will thrive or wither, or
what the novel beneficial or lamentable consequences will be. Some of
us worry about the suffering caused by the gold-goo-excrement, others
worry about not killing the beast that makes the gold-goo, many just
fight for the largest share they can get, and most of us could care
less until the bucket of gold-goo-excrement lands in our neighborhood
or the gold-goo pseudopod feeding our investments dries up.
--rec --
On Sun, Jan 28, 2024 at 2:48 PM Roger Critchlow <r...@elf.org> wrote:
Das Kapital is our most successful experiment in artificial life,
but it's still feral and no one has the least clue how to
domesticate it, and the grey goo we're constructing is a mass of
collateralized debt instruments.
-- rec --
On Sun, Jan 28, 2024 at 11:03 AM Steve Smith <sasm...@swcp.com> wrote:
https://doctorow.medium.com/solar-is-a-market-for-financial-lemons-ea00699fe0a2
<https://doctorow.medium.com/solar-is-a-market-for-financial-lemons-ea00699fe0a2>
I suspect the opinions among the members of this list range
widely on Doctorow's work, my general response to him is a
guarded positive.
I offer this article to you nominally about the problems with
rooftop-solar "gaming" but as a reflection on Corporations
(and I claim governments, religions, other institutions) as
"slow AI". Rooftop Solar is just a contemporary somewhat
benign case-study.
They are both contrived as "rule-based" systems and evolved in
the same mode as Machine Learning Models.
The 2023 rush of AI/ML into the public's eye and hands might
well overwhelm us with false-paths to individual and
collective prosperity. Opportunities for dead-ends or
overshoots abound in the harsh light of "reward hacking"
<https://en.wikipedia.org/wiki/Reward_hacking>?
And then we have the spectre of
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