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Joined 2 years ago
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Cake day: June 14th, 2023

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  • In business, they call it the “Principal Agent Problem” and its a gnarly one. How do you compel people who do not share your specific personal interests to represent those interests faithfully?

    Everyone from The Pope to Henry Ford to Xi Jinping has grappled with it. There’s no particular good answer, although there are definitely a few ideas that have endured. If you want to get Hegelian, you could say that the contradictions between principals and agents - people with authority to demand and people with the power to labor - are one of the driving forces behind human history. The nations that can resolve the contradiction amicably are ultimately the ones that prosper and endure. While the ones that fumble and fail are doomed to the dustbin of history.

    But I also think we’re just too damned short-lived to truly grapple with the consequences of our actions. Jefferies is already pushing past his expiration date. Even if he does finally, at long last, get clapped, he won’t be around long enough to appreciate it. Easier to be cavalier towards others and heedless of your own fate when you’re sprinting towards the void.





  • :-/

    The nature of social media. Moderation takes time and energy (which amount to money). As a community grows larger, the moderators either need to increase their moderation costs or get draconian with their enforcement to reduce the expense.

    Reddit is just the Late Stage of this phenomenon. If Lemmy continues to accrue users and follow the Reddit trajectory, where else can it end? I fully anticipate it’ll either go full /r/The_Donald with fascist bot-accounts spamming up every channel (a la “Nicole” spam mentioned in the pinned post). Or we’ll see mods do full instance purges of anyone suspected of any violation of any rule (perhaps even automating the process or turning it entirely over to an in-house AI) because there’s no Lemmy budget to do what Facebook or Reddit tried initially (turning moderation over to sweatshops in the Philippines or wherever labor was cheapest).

    Smaller communities speed ran this transformation. Voat imploded inside a year or two. Chapo/Hexbear ate itself over the course of a couple years. TruthSocial is all just botspam now. Some of the smaller instances in Lemmy have imploded to the same effect. This instance has a rather large and active modding community. But it comes for us all in the end.


  • Wait, they’re now denying the FAA and air traffic controller cuts even took place?!

    If you look at the cuts on a 10 year time horizon and consider the money that actually went out on day one of the President’s promise to Make America Great Again and then you invert the graph of plane crashes you will clearly see that you are a woke stupid idiot and flying has never been better everyone is saying it I love America USA! USA! USA! Love it or leave it I will never get tired of winning Trump 2028 centipede Trust The Plan.




  • UnderpantsWeevil@lemmy.worldtoGreentext@sh.itjust.worksAnon is a statistic
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    2 days ago

    Be British

    Go to the United States

    Don’t Get Blown up in a Cybertruck

    Don’t Get Shot up in a mass shooting

    Don’t Get Robbed shirtless by a home invasion

    Don’t Get Scammed broke by a crypto-coin shill

    Do find the one person in the entire country who insists on doing knife crime

    Marry her

    Get stabbed to death

    Post about it on 4chan




  • Are investors idiots?

    A lot of investment is driven entirely by HFT algorithms and AIs now. The brokers oversee the broad strategy, but the trading is just a dozen different multi-billionaire hedge funds chasing one another’s tails. Market buy-ups and sell-offs are triggered by a handful of headlines and aggregator engines, snowballing up or down based on computers responding to other computers.

    And because the market is increasingly liquid - as more mega-investors like Buffet cash out in pursuit of future buying opportunities - you’ll see sudden sharp inversions caused by the sheer amount of buying power that’s being pent up and released between announcements.

    He’s just going to change his mind again in three days

    Very difficult to price that as a risk variable. And in the meantime, there’s a ton of money to be made speculating on which way his wind will blow next.





  • Modern conservative Pro-Life institutions are all bound up in the for-profit adoption system. They are quite literally setting up a free market for children, run out of the backs of Christian church centers as “charity” institutions.

    Which is extra frustrating, because I know people who have tried to obtain employment in Social Services as a sector. The pay is absolutely shit on its face. The agencies are all dodgey as hell. The public system is fatally fucked and far more concerned with punishing people than helping them (because punishing people can be made more profitable).

    The only way to do any amount of good works is to go fishing in pursuit of the least-degenerate private sector charity outfits. And even then, you’re talking about long hours for shit pay, in a system that really really really wants you to operate as a kickback program for a political affiliate.