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Posted by ianand 5 hours ago

Cognitive Mercantilism: AI panic resembles fears of early capitalism(contraptions.venkateshrao.com)
64 points | 69 commentspage 3
epsteingpt 2 hours ago|
Hate taking down these articles, but this is a very, very bad take. Rationalists always fall down on human behavior.

There is a comforting fairy tale popular among tech optimists: that human history is driven by mental upgrades that trickle down to the masses.

The first part of that sentence is absolutely true. The second part has a much darker side that optimists conveniently ignore.

1. Mercantilism is alive and well. Please see Hormuz, Straight of. 2. Mercantilist rent-seeking is alive and well, just at a layer up of abstraction. See Google, Meta, Microsoft. No single player can compete with them. Ones that somehow manage to even threaten get bought. 3. Tech doesn't solve issues broadly: a modern worker with a battery-powered chainsaw has more productive power than an 18th-century frontier settler. Yet we still have homelessness. Riddle me this, techno-optimist.

But you'll say, we're overall better off. Of course we are. But the gains have BY AND LARGE gone to the wealthiest individuals and countries. The idea that the dude can eat a variety of incredibly rare food sits on the backs of billions of impoverished people who don't spend time in our air conditioned offices on MacBooks.

Great men and discoveries move the world (see Musk, Elon) but their exploits spread wealth HIGHLY unevenly, and big nation states want to steal it in the most mercantile way possible - by forcing and scaling up supply (look at China for cars, steel, and basically any advanced manufacturing right now).

One man intelligence will be a boon for people with agency. But it's HIGHLY unlikely to undo the superstructure which captured the rules of mercantilism AND capitalism at the same time.

decidu0us9034 2 hours ago||
If I'm being very cynical I think people at the AI labs suspect they're going to shrink the market for productive labor but are fine with that since they'll capture a larger share of profits, as perpetual rent-seekers for all intellectual production. They also have this hope that there will imminently be a lot less of us around (they telegraph fear of this outcome, but that feels insincere).
logicchains 2 hours ago||
>But the gains have BY AND LARGE gone to the wealthiest individuals and countries.

This is simply false, the average Chinese or Indian is incredibly better off now than they were 100 or 500 years ago. In fact for the past decade many of the wealthiest countries (many Western European countries, and Japan) have seen barely any growth in living standards at all, GDP-per-capita growth has been concentrated in developing countries.

selcuka 2 hours ago|||
It is correct. The richest 10% now earn 53% of global income. The top 10% average income/bottom 50% average income ratio has went from 18x to 38x in the last 200 years.
cadamsdotcom 1 hour ago||
Ratios gonna ratio.

It's not mutually exclusive with enormous relative improvement at the bottom, from where people were to where they are now. China and India have all but ended open defecation and there's running water in places we'd never dream of a generation ago. Diseases are being eradicated saving huge numbers of lives.

Rich got richer contains zero information about how poor people fared - even accounting for relative numbers in your claim.

jrflowers 1 hour ago||
> Now replace wealth with intelligence, and mercantilism with cognitive mercantilism

I love when it’s clear somebody wrote “Write an intelligent blog post that sounds smart. Reference this book and AI. Make no mistakes.” to a chat bot

ooli75 2 hours ago||
we can draw another parallel like this simpleton of an "author":

let's say smartphone. They are so smart! we can replace all the word intelligence in his thesis by smartness.

This dude think because some marketing team put the word "Intelligence" on LLM , it is it.

Since a LLM wrote most of the words in this "essay"... which is just word salad, replacing "capitalism" by "AI" in the work of someone else ( a "clever" LLM trick , who like taking something existing, and replace one word at the time); since the lack of any insight in this article, we can conclude, that the LLM who help wrote it, has clearly no ressemblance with any intelligence.

nickphx 2 hours ago||
the clowns selling the non-deterministic black box of bullshit are relentless in their touting of benefits while failing to demonstrate actual usefulness.
ifaigudgiveusti 2 hours ago||
Yet another "disgusting ludites" post NOT advocating for the 6 hour work day despite espousing all the arguments in favor a 6 hour work day.

Coward.

keybored 3 hours ago||
> Capitalism emerged when people began discovering that wealth could be created rather than merely captured, and that ordinary people could be sources of demand and initiative rather than merely labor to be commanded as a factor of production.

A worker under capitalism is exactly just another commodity commanded by capital. Only competing power centers like unions makes it not one-sided.

I dunno about “demand and initiative”. Is this how capitalism started, or are we jumping ahead to the post-WWII USA where the socialists and capitalists had won concessions from the bougies so that a “middle class” came about?

> The early capitalist worker voluntarily increased annual working days from 250 to 300 because a new universe of desirable goods had become accessible.

The weekly working hours increased for many who moved to the factories of the cities. Labor organizing is what lead to the two-day weekend.

> We are moving toward a world in which an ordinary person can command quantities and varieties of intelligence that would previously have required teams of highly trained specialists. Just as I can enjoy food without knowing how to farm, I can increasingly enjoy the products of intelligence without knowing how to produce them myself.

Some people are incapable of seeing power dynamics. An ordinary person might fear AI because of the explicit threats against his or her job.

How does power work? In this case it works by concentrating compute and access to the vaunted frontier models.

Another thing is the part about “hoarding”. AI is exactly about hoarding. Labor built the intelligence of centuries. Now AI wants to close that off.

EdwardDiego 2 hours ago||
> Labor organizing is what lead to the two-day weekend.

And the 8 hour work day. And, for miners, being able to have their lunch break above ground.

Daz912 2 hours ago||
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bambax 1 hour ago||
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slopinthebag 2 hours ago||
ai panic is dumb, because just like "capitalism" it didn't replace the value of human input, only relocated it.

i'm happy to hear arguments from the misanthropes why for the first time in history this will not be the case.

EdwardDiego 2 hours ago|
You seem to be mistaken, the misanthropes are the owners of capital who want to leverage AI to get rid of pesky thinking meat.
Daz912 2 hours ago|
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