all posts tagged 'capitalism'

Bureaucratic Leverage


šŸ”— a linked post to moderndescartes.com » — originally shared here on

Why do we hate bureaucracy?

Taken literally, a bureaucracy is just an organization tasked with ensuring some outcome. In the public sector, OSHA ensures worker safety, FDA ensures drug safety, EPA ensures environmental protection; in the private sector, HR ensures legal compliance, IT ensures trade secrets and data privacy, and so on. Yet even if people agree with the outcome, they often disagree with the implementation. Bureaucracies have an endless talent for finding wasteful and ineffective solutions.

Bureaucracies are ineffective due to a lack of accountability. If a bureaucrat imposes a wasteful policy, what are the consequences? Well, as long as they are achieving their desired outcome, they are doing their job, regardless of the pain they inflict on others. They can wield legal, technical, or financial penalties to force compliance. And paradoxically, when bureaucrats fail to achieve their desired outcome, they often get a bigger budget or a bigger stick to wield, rather than being fired for incompetence. The inability to recognize failure goes hand in hand with the inability to recognize success: competent and ambitious people avoid working for bureaucracies because their efforts go unrewarded. Bureaucracies end up staffed with middling managers, and we have learned to hate them.

I donā€™t know how to solve this problem in the public sector, but I think itā€™s solvable in the private sector, because there is theoretically a CEO who is incentivized to maximize the overall effectiveness of the company; they just need the right tactics. The solution is simple: hold bureaucracy accountable by forcing them to do the actual work.

I feel like thereā€™s a counter argument to be made in here about the role of competition in the work produced for external entities to do.

In a functioning capitalistic system, you have several competing entrepreneurs who are testing all kinds of novel ideas against the rules established by the government to ensure a safe, fair playing field.

The role of a bureaucracy is not to get to the end goal faster. The role of bureaucracy is to make sure we get to the end goal without taking harmful shortcuts.

Regardless, there is something to be said about being thoughtful in imposing burdensome policies, and I think this concept of bureaucratic leverage is an interesting way to consider the role of the public sector in optimizing our systems.

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The Internet Isn't Meant To Be So Small


šŸ”— a linked post to defector.com » — originally shared here on

It is worth remembering that the internet wasn't supposed to be like this. It wasn't supposed to be six boring men with too much money creating spaces that no one likes but everyone is forced to use because those men have driven every other form of online existence into the ground. The internet was supposed to have pockets, to have enchanting forests you could stumble into and dark ravines you knew better than to enter. The internet was supposed to be a place of opportunity, not just for profit but for surprise and connection and delight.

One of my first attempts at building a website occurred in the Enchanted Forest section of GeoCities.

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Goodbye to Netflix DVDs, The Last Good Tech Company


šŸ”— a linked post to vice.com » — originally shared here on

Netflix didnā€™t care what was inside the envelopes, so the only thing that mattered was that we, the customers, were getting what we wanted. Now, Netflixā€™s entire business is to know whatā€™s inside, to make you think everything you want is inside, and to keep you distracted long enough so you never see the big world outside. Netflix went from being content-agnostic, a truly unbiased platform, if you will, to being content-obsessed, preferring to show you only its own content, and always its own content first.

A similar transition has happened at every major tech company, even the social media companies in which Netflix is often grouped as a major tech company emblematic of Silicon Valley. They all do extensive content moderation even as they claim to just be platforms, because they can no longer declare ignorance or ambivalence about whatā€™s inside. And they, too, want you to look away as rarely as possible. They have all rallied around the cause of engagement. Finding ways to maximize it, to retain it, to increase it.Ā 

This feels similar to the post I made last week about how you should have a website.

What drew me to the internet in my youth was how raw, honest, and authentic it was. It wasnā€™t about monetization strategies. It wasnā€™t about engagement metrics. It was about making cool stuff with other dorks that cared about the same things as me for fun.

I watched so many movies with my Netflix DVD subscription back in the day. Now, with vastly more selection available at the touch of my fingers, I find myself getting to the end of my day, turning on my TV, and rewatching something that Iā€™ve already watched before because I'm just so burned out on these terrible walled garden content platforms that only want to serve me the digital equivalent of junk food.

I know that hosting websites isnā€™t free. But maybe all this scale and reach is just not really needed. Maybe we just need to keep building the internet we want to see instead of relying on big tech to prescribe it for us.

Oh, and the reason I used this particular pull quote is because itā€™s true... Name any website, app, or SaaS tool out there, and there is undoubtedly an entire team dedicated to figuring out how to exploit it to make as much money as possible.

I really despise this game. It has always made me feel uncomfortable that weā€™re just cool with it. There has to be a better way to connect each other and derive meaning and value from those connections.

Because the solution of stealing everyoneā€™s attention and addicting us to these worthless platforms canā€™t possibly be the yard in which we park this train.

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Will AI eliminate business?


šŸ”— a linked post to open.substack.com » — originally shared here on

We also have an opportunity here to stop and ask ourselves what it truly means to be human, and what really matters to us in our own lives and work. Do we want to sit around being fed by robots or do we want to experience life and contribute to society in ways that are uniquely human, meaningful and rewarding?

I think we all know the answer to that question and so we need to explore how we can build lives that are rooted in the essence of what it means to be human and that people wouldn't want to replace with AI, even if it was technically possible.

When I look at the things Iā€™ve used ChatGPT for in the past year, it tends to be one of these two categories:

  1. A reference for something Iā€™d like to know (e.g. the etymology of a phrase, learning a new skill, generate ideas for a project, etc.)
  2. Doing stuff I donā€™t want to do myself (e.g. summarize meeting notes, write boilerplate code, debug tech problems, draw an icon)

I think most of us knowledge workers have stuff at our work that we donā€™t like to do, but itā€™s often that stuff which actually provides the value for the business.

What happens to an economy when businesses can use AI to derive that value that, to this date, only humans could provide?

And what happens to humans when we donā€™t have to perform meanial tasks anymore? How do we find meaning? How do we care for ourselves and each other?

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The Disappearing Art Of Maintenance


šŸ”— a linked post to noemamag.com » — originally shared here on

Whatever comes next must take responsibility for that legacy, while also articulating something new and perhaps even bolder than what came before. There is a useful lesson drably concealed in the MTAā€™s maintenance facility in Queens: What we inherit comes with responsibility. Vintage machines are owed our best efforts, and our ingenuity in keeping them running should at least be equal to our ingenuity in forging them.Ā 

The work of maintenance is ultimately a way of parsing and knowing a thing and deciding, over and over, what itā€™s worth. ā€œMaintenance should be seen as a noble craft,ā€ said Rossmann, the boot-strapping repair man who learned the secrets of the iPhoneā€™s circuits. ā€œIt should be seen as something that teaches people not just how to repair, but how to think.ā€

This article reinforced one of my core tenets of software engineering: the simpler, the better.

It also supplies an important distinction between repair and maintenance. Repair is when you fix something thatā€™s broken. Maintenance is about making something last.

The article calls for finding a way to better incentivize acts of maintenance in our economic system, and the more I reflect on that, the more I find it reasonable.

Building new stuff is cool and often necessary, but finding a way to make our old stuff last longer is equally cool.

Not just with our bridges and train cars and iPhones, but with our elderly too.

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The super-rich ā€˜preppersā€™ planning to save themselves from the apocalypse


šŸ”— a linked post to theguardian.com » — originally shared here on

What I came to realise was that these men are actually the losers. The billionaires who called me out to the desert to evaluate their bunker strategies are not the victors of the economic game so much as the victims of its perversely limited rules. More than anything, they have succumbed to a mindset where ā€œwinningā€ means earning enough money to insulate themselves from the damage they are creating by earning money in that way. Itā€™s as if they want to build a car that goes fast enough to escape from its own exhaust.

Yet this Silicon Valley escapism ā€“ letā€™s call it The Mindset ā€“ encourages its adherents to believe that the winners can somehow leave the rest of us behind.

Humans got to where we are by a mix of individuals driven by a bootstrapper mentality and groups driven by a sense of cooperation.

Iā€™d rather take my chances in gen pop than go at it alone in solitary confinementā€¦ but to each their own.

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Masnick's Impossibility Theorem: Content Moderation At Scale Is Impossible To Do Well


šŸ”— a linked post to techdirt.com » — originally shared here on

More specifically, it will always end up frustrating very large segments of the population and will always fail to accurately represent the ā€œproperā€ level of moderation of anyone.

The argument made in this theorem that you can be 99.9% right and still be a colossal failure at scale is beautiful.

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Hope Beyond Rugged Individualism


šŸ”— a linked post to explorewhatworks.com » — originally shared here on

Rugged individualism is still deeply enmeshed in American culture.

And its myth is one of our biggest exports to the rest of the world.

What could happen if we replaced the philosophy of rugged individualism with a philosophy of rugged cooperation? What if we swapped out the scripts weā€™ve learned in an individualist culture with the curiosity and care of a collaborative culture?

And how would your business or career shift if you approached it not as your best way to climb to the top in a flawed system but as a laboratory for experimenting with ruggedly cooperative systems?

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The venture capitalistā€™s dilemma


šŸ”— a linked post to newsletter.mollywhite.net » — originally shared here on

A fantastic takedown of the venture capitalists behind the Silicon Valley Bank collapse, written by the fantastic Molly White (of Web3 is Going Just Great fame).

When it became apparent to this small group of very powerful, very wealthy individuals that Silicon Valley Bank ā€” the bank used by much of the Silicon Valley startup ecosystem ā€” was on shaky footing, they had a choice to make. They could remain calm, urge the founders of companies theyā€™d invested in to do the same, and hope the bank could weather the storm. Or, they could all pull their money out, urge their founders to do so also, and hope that they or their companies were not the ones left standing in the teller line when the liquidity dried up.

Faced with the choice between the more communal, cooperative choice and the self-serving, every-man-for-himself choice destined to end in a bank run, it should be no surprise which option they picked. As the Titanic sank, they were the ones pushing people out of the lifeboats.

As someone heavily involved with startups of all shapes and sizes for the past decade, Iā€™ve been exposed to all sorts of investors.

The ones who make me cringe and run the other direction as fast as possible are those who are in it for a 10x return and nothing more.

This relentless pursuit of profit is the epitome of everything I hate about the startup scene.

It makes people act in such a selfish manner, thinking only of themselves and their own pocketbooks rather than their fellow human being.

In all the ventures I am apart of, I insist that the following criteria are met:

  1. The solution that is being worked on solves a problem that will materially and objectively leave the world in a better place.
  2. There is a clear market of people willing to pay for this solution, and ideally the people who are paying for it are actually the end user of the product or service.
  3. All shareholders are interested in more than just an ROI from the venture.
  4. The end user is aware of what data they are giving up (or what data is being derived) from their use of the solution.

If the problem being solved by a team is simply ā€œhow can I turn my cash into 10x my cashā€, then that team and their investors should feel ashamed.

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Army Veteran Went Into ā€˜Combat Modeā€™ to Disarm the Club Q Gunman


šŸ”— a linked post to nytimes.com » — originally shared here on

This profile in the New York Times about the former Army major who happened to be at the drag show where a gunman showed up and opened fire, killing 5 people, is just heartbreaking:

As he held the man down and slammed the pistol down on his skull, Mr. Fierro started barking orders. He yelled for another club patron, using a string of expletives, to grab the rifle then told the patron to start kicking the gunman in the face. A drag dancer was passing by, and Mr. Fierro said he ordered her to stomp the attacker with her high heels. The whole time, Mr. Fierro said, he kept pummeling the shooter with the pistol while screaming obscenities.

The man is certainly a hero, Iā€™ll tell you that for free.

But to the bigger picture here, yeah, thoughts and prayers. Nothing could have prevented this. Letā€™s put burly, ex-army guys in every classroom. Donā€™t tread on me and all that.

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