Financial markets are the reason nobody has top-down control, because the market has control. I don't remember where I read that where employees in companies think AI is stupid but their manager wants them to, the manager also thinks AI is stupid but the CEO wants them to, the CEO also thinks AI is stupid but the board wants them to, the board thinks AI is stupid but investors want them to, and when they interview some investors, they don't give a shit about AI, why would they.

Nobody is steering the ship. It's just drifting aimlessly in random self-perpetuating cycles. That's because financial markets are steering the ship but they don have any brains. If we put humans in charge of the ship again, we might be able to actually steer it and then we could steer it away from the iceberg that is climate change before we hit that iceberg.

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argentinian 8 hours ago | parent [-]

What would you suggest that humans could do to steer it away from climate change?

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inigyou 8 hours ago | parent [-]

Stop burning fossil fuels? It's pretty easy actually, if you were god-emperor of the world you could structure it in a way where very few fossil fuels have to be burnt. But nobody is god-emperor of the world, nobody is even god-emperor of most countries or even most large companies, people are barely president of most countries or large companies and that's the problem.

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argentinian 8 hours ago | parent [-]

So we need a benign world emperor. And there's the risk of an evil world emperor.

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inigyou 8 hours ago | parent [-]

We could start by letting companies have emperors, instead of letting the financial market be the emperor of almost every company.

How's Valve Software doing?

	▲	argentinian 8 hours ago \| parent [-]
		The financial market is an expression of the incentives of investors. I think that markets are not the problem, instead the problem is that pollution is free, companies and governments can pollute or Earth without paying externalities. Blaming markets is completely missing the mark.