Posted by ppew 12 hours ago
A better mantra is to create value for yourself and then compound it by sharing it. Then you can't lose, yet can win even more.
> If you don’t use this new stupid AI thing you will fall behind. If you haven’t totally updated your workflow you are worth 0.
When I see this on any social platform, that is a sign that a VC / investor already invested or likely over-invested in said product and is manipulating emotions to shill their portfolio companies.
This is a tired tactic repeated and recycled tens of thousands of times over and over again and the first sense is to ignore them.
> That said, if you have a job where you create complexity for others, you will be found out. The days of rent seekers are coming to an end. But not because there will be no more rent seeking, it’s because rent seeking is a 0 sum game and you will lose at it to bigger players.
This is why many here are realizing the uncomfortable truth about why complexity over simplicity was celebrated. Of course job security.
But it turns out that the low hanging fruit at those companies that added close to no value LLMs were enough to achieve "AGI" internally; (meaning layoffs in this case).
The jobs of knowledge workers will still be there, but the big money just went into data centers (and not overpaying for more knowledge workers).
The truth is in the middle.
Under heaven all can see beauty as beauty only because there is ugliness.
All can know good as good only because there is evil.
Therefore having and not having arise together.
Difficult and easy complement each other.
Long and short contrast each other:
High and low rest upon each other;
Voice and sound harmonize each other;
Front and back follow one another.
Therefore the sage goes about doing nothing, teaching no-talking.
The ten thousand things rise and fall without cease,
Creating, yet not possessing.
Working, yet not taking credit.
Work is done, then forgotten.
Therefore it lasts forever.
His blog posts and general opinions voiced in his streams in any other field than what he's working in are so incredibly stupid and put forward with so much misguided confidence that they make me cringe in pain.
If you're just offering the wisdom gleaned from your life experiences, they're unlikely to be more insightful that anyone else's.
He's got a winning track record. You may not agree with his politics or his morals but that's separate from his effectiveness.
Specifically he's effective at stepping outside the domain he currently operates into create inside another.
What exactly would that be a winning track record in - as near as I can tell, his actual track record is in buying companies with an already-successful product team, and managing not to run them into the ground for a while?
No. This is the time to abandon naive dogooderism.
The capitalists said that they don’t need labor any more. Fine. Prepare for that potentiality by not giving jack shit away for free. That includes permissively licensed open source software. But it goes way beyond that.
In the long term maybe we can get rid of the labor-employee relation so that people who do honest work don’t have to worry about their work becoming automated. Let the ones who engage in dishonest pseudo-work (capital accumulation) worry about their pseudo-productivity becoming null and void.
What counts as a return is quite subjective — it goes beyond money. Respect, happiness, meaning — all of these count.
Given that, if there are no returns at all, I bet that is not a positive-sum game that could last long. Like if you give and create value for others, but the recipient has no respect for you and you receive nothing — it is not meaningful and will not last long. And you'd better walk away and start worrying about the returns.
And to be frank, look at who creates the most value in the world — they also could be the richest. That is no coincidence. Take Elon Musk — tremendous positive-sum deals with people everywhere, and all together, that's what got him to the top.
Kudos to all the entrepreneurs who work hard and create deal opportunities that could make everyone win.
100% agree with geohot's point on creating value for others and playing the positive-sum game. It is the way. Just a small reminder that sometimes we could worry about the return a tiny bit, as we need returns to verify positive-sum value creation and to scale it.
And I would argue Elon (himself) stopped creating surplus value quite some time ago; some of his companies still do (Neuralink, SpaceX) but companies like Tesla and Boring are explicitly rent-seeking at this point. Tesla disrupts traditional, rent-seeking dealership models, but it simultaneously utilizes lobbying to secure favorable policies and economic advantages, with the goal being to block out other upstarts and competitors from competing.
And no, I do not count either the non-working Optimus or robotaxi as 'surplus value.'
Ah yes, "tremendous" positive-sum deals like:
>Musk admitted to his biographer Ashlee Vance that Hyperloop was all about trying to get legislators to cancel plans for high-speed rail in California—even though he had no plans to build it.
https://time.com/6203815/elon-musk-flaws-billionaire-visions...
Sorry, I don't know the full story behind Hyperloop. But I really doubt he is trying to play a zero-sum or negative-sum game as the article hinted.
Setting aside all the disputes — the deals he made with people are positive-sum. Nobody is forced to buy a Tesla, or invest in, or work for SpaceX.
And in my personal view, all the article brings is deconstructive criticism — which does not fit my tastes. Maybe because I believe the world doesn't owe anyone anything. In fact, to make money, most of the time you have to play a positive-sum game and bring value to others. There is no shame in seeking profit — there is glory in it, if it comes through a positive-sum game.
Those who complain — they can always reject the deal and choose something else. And even better, go offer or support better products in the market and help the best one win.
That is simply untrue; the opposite is the literal definition of rent-seeking behavior, which produces gobs of money, but provides no (or very little, at best) new value to others.
Fair point — updated to "most of the time."
> the opposite is the literal definition of rent-seeking behavior, which produces gobs of money, but provides no (or very little, at best) new value to others.
Rent-seeking is real, and you're right that it can be very profitable — while creating very little value for others. But even so, it remains the best available option when nobody else steps up to offer something better in free markets.
There are always two sides to any deal — the deal maker and the taker. The more competition on the maker side, the more value the taker can get. And the more takers demand real value, the less room rent-seeking behavior has to survive.
> The days of rent seekers are coming to an end. But not because there will be no more rent seeking, it’s because rent seeking is a 0 sum game and you will lose at it to bigger players. If you have a job like that, or work at a company like that, the sooner you quit the better your outcome will be. This is the real driver of the layoffs, the big players consolidating the rent seeking to them.
Better advice would be stay hungry, stay curious, keep learning.
A more conspiracy minded version of myself might suggest there’s an active attempt to break the politically active middle class. Subtle changes in messaging that have been happening over the past few years from business owners and politicians seem to suggest that the future will involve masses of poverty. Gone are the days of “hard work” and “meritocracy” and they have been replaced by beef liver and romanticization of peasantry
Nice to see I'm not the only maniac here btw xD