archomrade [he/him]

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  • 205 Comments
Joined 1 year ago
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Cake day: June 20th, 2023

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  • archomrade [he/him]@midwest.socialtoMemes@sopuli.xyzSolve a puzzle for me
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    2 months ago

    A hammer doesn’t replace a carpenter.

    I think a better analogy would be something like a loom: it doesn’t operate independently and still requires an operator and mechanics, but it eliminates the need for rows and rows of weavers to complete the same amount of work (and that both puts many people out of work and undercuts the labor market, which are both big problems). Judging LLM’s on a scale of total job replacement is IMHO a little ridiculous, because unless those LLM’s are fucking sentient and autonomous, they’ll never completely ‘replace’ a human roll. They will certainly make programmers/writers/translators/media producers more productive though, and that’ll put quite a few out of work, and that’s kind of a big problem.


  • archomrade [he/him]@midwest.socialtoMemes@sopuli.xyzSolve a puzzle for me
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    2 months ago

    People are pretending as if job replacement happens all at once, and that’s just not how it works.

    A new tool that makes a job 15% more efficient will either produce 15% more goods or reduce the required labor by 15%. Some of that labor is absorbed elsewhere, but there was still a 15% reduction that happened.

    Slow improvements are undoubtedly a good thing, that means we can create positions as fast as we make them obsolete. Maybe LLMs have reached their peak and we don’t have to worry about it, but it’s not a bad idea to prepare for that possibility that they continue getting better.

    People really like shitting on overhyped new technologies, but I don’t think people appreciate just how big of a deal it is that a pretty basic algorithm is able to process natural language at all.






  • You still didn’t answer the question.

    Actually, I think I did, you just didn’t understand it. What we mean by ‘landlord’ can be essentially boiled down to ‘private ownership’. The problem with landlords as a class is that they exert complete control over a ‘property’ while having the least use of it. When Adam Smith wrote about ‘rent extraction’, he was specifically identifying a portion of an economy that was unproductive.

    Landlords are defined by their ownership; they could also maintain the property, but what makes them ‘landlords’ and not ‘maintinence workers’ is their ownership over a property someone else is using and charging rent for that use. The other arrangements I listed in my previous comment address that inefficiency by democratizing the use of that asset, instead of allowing the monopoly of the landlord.

    It’s odd to observe otherwise intelligent people stop so outrageously short of the complete picture.

    I would really have to agree.







  • The problem is that a lot of people dont want to or cant own homes because they dont make enough.

    Not true. They can’t obtain a loan because they don’t have the prerequisite capital for a downpayment, because they’re already paying someone else’s mortgage and aren’t saving that money to buy their own. Market rate for rent is higher than the market rate for mortgage payments on the same property, because landlords pass on the cost of financing to their tenants so they can still make a profit.

    For those who don’t want a home, they can still ‘rent’ from coop housing or land trusts or municipal housing. Landlords are not necessary even for those who arbitrarily don’t ‘want’ to own a home.

    A credit union is not a “community union”

    apologies for the confusion. credit unions are typically community owned, but you’re right - they’re not called community unions.

    credit union and is just the same thing as a bank

    kinda, but the important difference is that the patrons are voting members for the management of funds and distribute profits democratically. Equity stays within the community and is better than a private bank that siphons wealth for private benefit. In the case of mortgage lending, if a homeowner defaults, the community (e.g. the credit union) takes possession of the asset and can resell or lease it to a new community member. The asset is still democratically managed and isn’t subject to an outside private investor.

    For every private institution that enables private ownership, there is a publicly managed counterpart that is more democratic. Private landlords are simply not necessary.


  • You could use google, you shouldn’t need me to tell you how home ownership works.

    The homeowner owns the home, and puts the home up as collateral in case of default. It’s better than landlording because the person living in the home owns it can manages it themselves. Landlords typically have mortgages anyway, they’re just standing in the middle.

    A community credit union is a community owned bank. They typically offer the best terms and interest rates of any financial institution, you should really look into banking with one. They’re very common in smaller towns, but they’re typically available even in larger cities.

    I do all my banking with my local credit union and couldn’t be happier.


  • That is certainly pointed language, but they’re calling landlords leaches. In the Adam Smith economic sense of the word, rent seeking is non-productive economic activity and could certainly be described as ‘leaching’ value.

    It feels shitty to be tied to that word but they’re not making a statement about your moral worth, they’re making a statement about the roll you’re filling.