The scariest fucking thing i've ever read

[masterpeastheater]

https://thebaffler.com/salvos/oculus-grift-shivani


from the end:

"By transferring—because of its distributed network capabilities—much of the decision-making work of pure financial logic to human beings (and other entities that still think of themselves as autonomous, such as firms and states), capital as artificial intelligence cannot be contested by any known form of resistance. In essence, this authoritarian form is the first one known to history which is completely invisible."

 

[Treedbear]

The main point seems to be that capitalism is a very effective tool. I agree with that. On the other hand we tend to consider it as an ideology. Which leads to this:

In neoclassical economics, anything outside marginal optimization (such as the effect of any decision on human or animal life or the planet) is deemed an externality.

Wrong. It's a very effective and useful tool that needs to be counterbalanced with socialism.