I started reading “The Unaccountability Machine” which is actually quite interesting. I don’t know what I think about the subject matter, but it touches on a lot of things I’ve thought about over the years. It seems to describe a different economic model, not capitalism and not communism, but a systems theory field called “Cybernetics”. For some reason it’s like I asked someone: explain economics to me like I’m a programmer. And now my brain is slowly reworking itself to understand economics like I would understand a program. It feels very unnatural as a human having grown up in this *waves vaguely at the world* but it is the first time I am starting to feel that it makes sense. It’s still completely wrong, of course. I fundamentally disagree with some extremely axiomic parts of capitalism, but I suddenly might not end up with a parse error.
https://social.vivaldi.net/@Patricia/112626658364328553
Patricia Aas (@[email protected])

Attached: 1 image @[email protected] oh well, I needed a new book 🤣🤓

Vivaldi Social
Thanks to @vaurora for pointing me in this direction 🤓
I guess everyone probably needs to get stuff explained in a way that ties in with the things they already know. I’m sure this probably is a whole field in pedagogy.
I have been sidetracked into what is a side quest in the book. A strange electronic system set up in Chile under Allende before the dictatorship. I was looking on Wikipedia and found this podcast: https://the-santiago-boys.com/ imagine grafana dashboards and data driven decisions meets socialism and… Star Trek aesthetics.
The Santiago Boys

This is a podcast about a continent that dared to dream big - and challenge the power of Big Tech before Big Tech was a thing.

The Santiago Boys
This thing is wild “Project Cybersyn”
https://en.wikipedia.org/wiki/Project_Cybersyn
Project Cybersyn - Wikipedia

Also, even if I kind of grew up in this, I hadn’t really thought about it for years. But one of the big things Latin America saw in this period were dictatorships brought about by large international corporations (often backed by the US) that preferred a “strong leader” so that they could extract the country’s resources in peace without being bothered by the pesky people who lived there. Ref the expression Banana Republic.
This scholarship might be progressively more relevant for the rest of the world going forward.
The US had their hand in pretty much every single military dictatorship in Latin America, this included money (remember Iran-Contras?), military training and supplies (everything to equip your friendly military dictatorship) and running disinformation campaigns.
Finished first read, but now I need to reread the beginning. Current impression is that I find the arguments individually interesting. I’m not sure the underlying logical argument they are a part of is logical or if the conclusion is a logical result. But I still found the book very interesting. Especially the first 3/4ths. The basic logical argument he seems to present is that current capitalism has constructed a mechanism that forces managers of publicly traded companies to serve shortterm goals. And that this makes it impossible for companies to adapt sufficiently to accommodate looming crises like climate change. When leadership has to deliver on quarterly numbers they cannot steer according to any other metrics. I think his idea is that if we can somehow break that mechanism then… and this part I’m unclear on and I’m not sure I find it very interesting either.
Basically I don’t know how I feel about the broader logical argument, but I found the discussion to get there very interesting.
He also seems to think that the international tendency to elect populist wannabe dictators is a cry for help. That seems a bit… infantilizing?
I think I need to have lunch with an economist. I have questions.
I think the people for which Cybernetics will make the most sense are people who work in vulnerability research and exploit development. This systems theory fits very well with a lot of their findings and methodology.
Possibly also folks working in machine learning
And people in distributed systems tbh
Basically any field where you have acknowledged that the systems you are concerned with are complex and might never be fully understood, but where you still have stuff to do and you work with the knowledge that these systems are adaptive and might have emergent behavior. And that poking in one place might have unknown consequences. Where the primary tools are around monitoring and feedback to detect and diagnose new behaviors. And to manipulate these complex networks of stuff to do the thing you want, all the while knowing that it might very well also do something completely different and probably not desired.
Oh shit, this fits with medicine too, doesn’t it, @siljelb ?
I guess the fundamental difference from modeling is that even though you might try on occasion to reduce things to a formal model and reason about things in that formal model, you don’t really believe in it. You know the real thing is “alive” and that the information that is removed to model whatever process you are concerned with, will contain data that is essential and even more importantly: you know that there is essential data that has been removed that you don’t even know is essential.
As a programmer, it’s funny to read about people believing in their models. It’s a very junior developer thing to do. Senior folks don’t. They do their best and then they observe. And even more interestingly: if they don’t see unintended consequences of significant changes, they become suspicious.
The more I think about this, the more I need an economist to tell me this isn’t how they actually work and what they actually believe. Because that’s just bananas. First let’s “simplify” a complex system into a formal model and then you reason in it, maybe run some simulations and then… you believe it? And this idea of believing in a “market” as some sort of entity that will not only stabilize into a state, but that that state is somehow “good”, or even “optimal”. That’s bananas. That’s a fucking religion.
I’m sorry, but that’s on level with worshiping kubernetes. That’s fucking mind boggling.
I guess I have to read Piketty’s Capital book now. Because this is blowing my mind.
https://social.vivaldi.net/@Patricia/112644094554478633
Patricia Aas (@[email protected])

@[email protected] the “market” isn’t an entity. It’s a distributed system, and a distributed system isn’t a moral thing. It’s a thing that is serving the purpose it’s supposed to serve or not, and usually somewhere between those. And we try to keep it on that path, we don’t sit back and… wait for it to do its thing? And believe it’s Good because… I don’t even know. This is a religion. This isn’t something that can be taken seriously.

Vivaldi Social
This world needs a whole lot of intellectuals who are not privileged white men with way too much time on their hands.
By the way, I wouldn’t expect me to be more impressed by communism.
Gah… I have to read Marx too now?
I’m rereading the beginning again, and he talks about (in my words, field and terminology) how complex distributed systems will, when changed, either enter a new “steady state” (“homeostasis” in his terminology) or crash. This is because the system will respond to a major shift to it. Either by adapting to it or bringing it down. The adaption doesn’t have to be good however, which is something he also emphasizes. What surprised me about Twitter was how resilient a system can be to destructive forces. But that doesn’t mean it comes out in a better state. The new state can be what we in tech call a “Graceful degradation”, some things might be worse or down, but it isn’t all down. He also describes what might be this, as a state that is more vulnerable for future changes, fragile if you will.
Or in his terminology where the systems responses can be both negative and positive feedback, one counteracting the other amplifying (my brain went to waves and the mythbuster episodes) - purely tech and concrete my thoughts went to the Natanz centrifuges in Iran and Stuxnet.
But as for the amplification I thought of stories told by Audun Ytterdal on incident response at the Norwegian newspaper VG, and how they DDOSed themselves. (Which I think twitter also did a few months ago?)
https://youtu.be/gxfkw99k4Js?si=3-S-AcbGBdzu6oB_
Incidents and incident handling @ VG.no - Audun Ytterdal - NDC Security 2024

YouTube
The point I’m getting to is that these systems are complex, they might not even be trivial to bring up again if they go down because they end up having cyclical dependencies, so some subsystems might not come up because another isn’t up yet (which is also waiting for the first). So we can have “cold boot” deadlocks.
Trying to “simplify” these systems to a model, draw conclusions and assert them with any confidence *about the real system*, is naive at best.
This behavior of complex distributed systems has led to a whole subfield in testing often referred to as Chaos Engineering. “Let’s kill this thing and see what breaks” 😈
Lol, now I remembered the financial crisis mantra “Too Big To Fail” 💀😂
Ok, I’m still re-reading the beginning which is the part about Cybernetics and tbh it sounds like a kubernetes cluster 😂
What if we designed kubernetes in the 70s?
@Patricia isn’t that mainframes?
@janl I don’t really know the internal architecture of mainframes… I should learn about that tbh. But this is more monitoring of “pods” (“black boxes”) for health metrics and adjusting or altering the environment to compensate etc so very much kubernetes.
@Patricia yeah you do actually, sorry, them's the rules
@Patricia actually the movies are better than his books. I have no idea how, but especially Horse Feathers is soooo much better than the original Das Capital.
@tofagerl ooh we have arrived at communism jokes! I’m ready 😂
@Patricia My position is that nothing that's that awful to read can be any good.
@alper is it? 😰😬
@alper that will drive me crazy. Team Topology pissed me off, it is rude to be so wrong in so many badly written sentences.
@Patricia Unreadable drivel. That's why it's so obscure and feels like a cult.
@alper I’m not looking forward to it then
@Patricia @alper if you can stomach spoken word audio, I can recommend a thing that covers it completely and comprehensively.
@janl @alper yes please, and I prefer spoken word audio because my life doesn’t allow reading time these days.

@Patricia @janl I bet money that almost nobody has read Das Kapital.

Piketty’s Capital on the other hand is big but super nice to read. (Maybe that’s why Marxists hate him so much.)

@Patricia okay, hear me out. There is a podcast (I know, stay with me) about revolutions through the centuries, called Revolutions. It is excellent if you are into the genre. But where it gets interesting for you, as a prelude to covering the Russian revolution(s), the host goes into Marx and the associated -isms. It is the best intro that I know of by an actual historian that made a career out of explaining history to regular humans. Episodes 10.1–10.3: https://overcast.fm/+L-hpwFh1k ~90 minutes.
10.1- The International Working Men’s Association — Revolutions

In 1864, a group of working men formed an international association called The International Working Men’s Association.

@janl that feels like cheating tho, I feel I have to give the real thing a go first?
@Patricia I read George and that was surprisingly quite breezy.

@Patricia

> > this idea of believing in a “market” as ...
> > stabilize into a state ... “good”, or even “optimal”
> > That’s bananas ...
>
> that’s on level with worshiping kubernetes

have you looked at how cash works?

why do you agree to take just money to work for hours, not demanding something more substantial?

from where comes your faith that that same money will still be worth anything tomorrow, when you get around to spending it?

why does our whole world pay a tax to the States by pricing money with prices that say the States' promise to have their money buy things tomorrow is a more trustworthy promise than everyone else's, even China's? presently, the US Dollar is our globalized "reserve currency", same as the British Pound Sterling was two centuries ago

( me, all i know of economics is a small subset of what the NPR Podcast > Planet Money teaches, and i've particularly enjoyed their explanations of the role of faith in how cash works ) ( i haven't read Piketty )

@pelavarre there is an awesome book that I really recommend called Money by Jacob Goldstein, it’s basically the biography of money and it’s super interesting (it’s on audible and works great as an audiobook). It convinced me that money is a useful abstraction, but that it tends to also lead to weird behaviors and things that are susceptible to collapse unless those bits are reigned in (and tbh even then). But it allows societies to evolve into more advanced ones, by allowing specializations. But it is a construct and can collapse. Even just by losing faith in it.
@pelavarre I just consider it a useful abstraction, like references.

@Patricia

> Money is a construct and can collapse. Even just by losing faith in it

> i consider Money a useful abstraction, like References

so back to Markets if i may

you do consider Markets a useful abstraction, like Money, like References - but a socially constructed abstraction which often expands into Boom, or collapses into Bust, according to how we distribute changes in how much Faith we each of us hold in the near and far Futures of one Market or another

i'm following your thoughts accurately so far?

@pelavarre I did? Until now? Or I assumed? But now I’m starting to question that. Mostly because how they seem to be arriving at it as a conclusion. Which is a process that seems not only to be extremely flawed, but that seems more superstitious than I imagined. So now I’m questioning the whole thing.

@Patricia

> more superstitious than I imagined

!!

i've not seen anyone point this out before you, but in this way in which you point it out for us now, yes, me, i am immediately convinced, as if i'm reading this truth as an expert answer collected in an appendix at the back of an econ textbook

@Patricia Have you read Debt: The First 5000 Years, by David Graeber? It's also a history of money, and I'm curious how they differ.

@Patricia

> Money is a construct and can collapse. Even just by losing faith in it

yes!!

thank you for catching me up on your thinking, i was curious!

yes indeed, my weekly book club onsite at work did walk in your footsteps, it was in Sep/2023 that we read the "Money: The True Story of a Made-Up Thing" by Jacob Goldstein from Jan/2020

i would say we never nutshelled this book so well as you here now : -)

ouch i slipped into overstating how very little i know - i should've said i only know what i learned from THIS BOOK, from the NPR Podcast > Planet Money podcasts, and from the Freakonomics Podcasts)

@pelavarre oh the Freakanomics books blew my mind back in the day. I read two, wonder if there are more now…

@Patricia

Apple iBooks today sells only "Freakonomics Rev Ed" and "SuperFreakonomics"

i gather you recommend both?

i never thought to read the books, as yet i've only taken the podcasts free-of-separate-charge and moved on

p.s.

in economics generally, my attention goes first to how tremendously ignorant i feel about whether i'm collecting fitting wages for my work for hire or not - like have i made my deal proportionally unfair to everyone who doesn't hold my privileges, or is my employer getting my time for too cheap of a price

i guess those books don't much address that question

i am close to soon sharing my wages with two friends offline - they let me listen in while they shared with each other, i'm working up the courage to join in

@pelavarre I have washed dishes full time so I am definitely “overpaid” in the sense that others deserve the same or more. But that doesn’t mean that your employer doesn’t still get more out of the relationship than you, and possibly orders of magnitude. Both can be true at the same time. But we have to eat and this is the system we live in.
@Patricia if you’re looking for interesting unorthodox economic history - you might find Graeber’s debt a 5000 year history worth a read , there’s also a bbc podcast that’s 8 parts that summarizes it — https://en.m.wikipedia.org/wiki/Debt:_The_First_5000_Years
Debt: The First 5000 Years - Wikipedia

@petersibley thanks! That sounds very interesting!
@Patricia If I understand them correctly, it is precisely because we do not all agree on what is “good” that markets are important.
@eternalgoldenbraid the “market” isn’t an entity. It’s a distributed system, and a distributed system isn’t a moral thing. It’s a thing that is serving the purpose it’s supposed to serve or not, and usually somewhere between those. And we try to keep it on that path, we don’t sit back and… wait for it to do its thing? And believe it’s Good because… I don’t even know. This is a religion. This isn’t something that can be taken seriously.
@Patricia There are certainly a lot of people who not only believe they know what “good” is, but want to force it on everyone around them. I would say the problem with a network is that a lot of pressure gets exerted by majorities, however you want to define that, and it can be hard sometimes if you don’t want the same things as that majority.
@eternalgoldenbraid oh I’m not even remotely pretending that I have the secret for a Just System, but I am saying they don’t either. They just have a model that they are worshipping. Which not only is irrational, it blocks all discussion about what would be better or how improvements can be made. Because their “God” is infallible. “The Model” will emerge with the Truth and the Optimal Solution. That’s just ridiculous.
@Patricia I see. I guess I just haven’t encountered market-oriented people like that.
@eternalgoldenbraid I’m just saying that the “market” isn’t any more than any other distributed system. It isn’t magic.
@Patricia Markets can ensure that no one person or group is allowed to dominate the discussion, bully people, decide what others may do or think or say, or how they can live. If I were you, I would think about that more.
@eternalgoldenbraid lol, there are potentially millions of systems that could do that, and whether this particular one does is debatable. It isn’t magic or divine. It’s just a system.
@Patricia The only person I’ve ever seen calling it “divine” or “magic” is you. Thanks for the interesting conversation. ✌️
@eternalgoldenbraid @Patricia Seriously? “Invisible hand”, Adam Smith. “We don’t know how markets work, so just have faith that they will give us the right outcomes,” Phil Magness. “… [S]imple, voluntary exchange leads to social “miracles” like the pencil,” - Leonard Read. I could go on with quotes from others like Friedman & the like.

@eternalgoldenbraid @Patricia Do you have any evidence to back that claim up? Because every system humans have created I know about (including markets in my observation) have a tendency to lead to consolidation of power. Crypto has to be the purest form of market ever created, and it doesn't offer the attributes you claim markets "ensure."

So what's the basis of your claim?

@eternalgoldenbraid @Patricia
The available evidence is that markets do not ensure any such thing. Billionaires can dominate the discussion by owning all the newspapers, bosses can bully their employees, landlords can decide how their tenants can live.

The freedom to get out from under the abuse of power always has to be organised and fought for: employment and anti-monopoly law, housing regulation, universal welfare support, human rights.

The market is never what provides those things.

@eternalgoldenbraid @Patricia No one ever mentioned Adam Smith's noodly appendage ?

@Patricia @eternalgoldenbraid The effect the market has is to systematically disentropise wealth, concentrating more and more of it into fewer and fewer hands over time. That's pretty much all it does.

People who observe what a system does and promote it, intend that outcome. Systems don't have autonomous purposes, they're not self conscious agents: their purposes are what self conscious agents use (and promote) them for.

#Capitalism
#MarketEconomy