AI Economics for Dummies

“Xavier owns an apartment that he rents out at a loss of $1 billion/month. Seeing this success, he decides to make financial commitments to construct $850 bi...

McSweeney's Internet Tendency

@Illuminatus this one is pretty spot on:

> Benjamin owns a farm. He employs 100 workers plowing his fields. His total payroll is $10 million/year. One day, he buys a mule, which provides the worker who uses it with a modest 10 percent productivity gain. Benjamin fires 99 of his workers and purchases 99 mules, expecting a 1,000 percent productivity gain. The driverless mules cause plow damage to his property in excess of $50 million. Benjamin loses another $5 million due to the loss of productivity from his one remaining employee, who no longer guides a plow but instead spends 100 percent of his time shoveling mule shit.

~ https://www.mcsweeneys.net/articles/ai-economics-for-dummies

AI Economics for Dummies

“Xavier owns an apartment that he rents out at a loss of $1 billion/month. Seeing this success, he decides to make financial commitments to construct $850 bi...

McSweeney's Internet Tendency
@schmudde @Illuminatus I'm going to get "In a fit of late-capitalist bloodlust" tattooed on my lower back.