Since it began operations in 2010, Uber has grown to the point where it now collects over $45 billion in gross passenger revenue, and it has seized a major share of the urban car service market. But the widespread belief that it is a highly innovative and successful company has no basis in economic reality.Hubert Horan: Uber’s Path of Destruction – American Affairs Journal
So maybe – just as the predicted point at which computers make cleverer computers than themselves and go into a cycle building ever cleverer machines until they are wiser than all human thought, maybe capital has reached or is rapidly approaching its own singularity – the point at which it generates more and more capital in an unstoppable cycle and without a moment’s thought for the humans it was once meant to serve.Is Capital Approaching its own Singularity?
A lot has been happening over the past couple of weeks, quite a few things I want to write about and ideas to explore. It’s just been a very busy couple of weeks, and all of my writing (and coding and much of my thinking) has been aimed at my day job. You know, the one that pays the bills.
Here’s a list of drafts I’ve created in the past two weeks or so that I’m working on in bits and pieces and will hopefully start pushing out in the next couple of days. Or maybe over the Christmas slowdown. (“Christmas slowdown”? Yeah, that’ll happen 🙂
- Layers of abstraction and the cost of convenience
- Passion and Warfare in St. Louis – an evening with Steve Vai
- If everyone gave him $20
- From Android to iPhone
- Some notes and thoughts on WordCampUS 2017
- Accidents of Phenotype
- The work of art (as opposed to “a work of art”)
And one I haven’t started yet that I’ve had in the back of my mind for years and was brought to the front earlier tonight, that will likely be called What Capital Wants (see Capitalism is Skynet for a hint what that might be about).
But right now I need to put together some notes on a proposed talk about crowdsourcing innovation for JiveWorld 2017.
We think of AI (artificial intelligence) as being digital, silicon-based; a computer program. But that’s not entirely true. Algorithms don’t have to be written in C or Python. Computers are the most efficient way to run algorithms, but they’re not the only ones…
Capitalism, as a weak AI, is built upon an unbearable abstraction — namely, the reduction of all value of problem-solving to a single criteria: the increasing of shareholder value. That is literally the only metric for success in capitalism. And therefore, to capitalism, anything that does not achieve that goal is either irrelevant or an impediment. That includes every other aspect of existence. Human happiness is not a metric of success for capitalism, or ecological diversity, or even the survival of life.Joshua Ellis – So I have this theory. You know how everybody is…
The American corporation has been transformed by globalization and new technology. But equally powerful is the belief on Wall Street and in boardrooms that the sole responsibility of a corporation is to maximize profits for its shareholders.
Source: Price of Profits