SMMRY.ai TL;D[R|W|L] Made Easy!

AuthorSpencer Chen

Walmart claims low prices require long prison terms [Judd Legum & Tesnim Zekeria, Popular Information]

W
  • Walmart CEO Doug McMillon claims that the retailer may have to raise prices or close stores due to insufficiently aggressive prosecution of retail theft.
  • Publicly available data contradicts McMillon’s claims, with the number of shoplifting offenses dropping 46 percent between 2019 and 2021.
  • Retailers have spent millions opposing changes to felony theft thresholds, but data shows that raising the threshold does not increase shoplifting.
  • Most shoplifters are not making a calculation about the potential legal consequences, and are instead driven by addiction.

Click HERE for original. Published December 13, 2022

What the Hell Happened to PayPal? [Rupa Subramanya, The Free Press]

W
  • PayPal was created in 1998 to empower individuals, but has since become a cornerstone of our emerging social-credit system, suspending and banning accounts of those who do not fit within its parameters of acceptable discourse.
  • PayPal has suspended or banned accounts of entrepreneurs, writers, academics, activists, Bitcoin investors, journalists, and advocacy groups, without explanation.
  • PayPal has teamed up with the Anti-Defamation League and Southern Poverty Law Center to examine how extremists use financial platforms to fund their activities.
  • PayPal’s updated Acceptable Use Policy prohibits all “objectionable” activity, and violators face a $2,500 penalty.
  • PayPal CEO Dan Schulman has been fuzzy when it comes to defining the boundaries of free expression.
  • PayPal, founded in Silicon Valley with a mission to empower people, has become a pillar of a new social-credit system that punishes those who don’t adhere to the unofficial party line.
  • This system was largely enabled by the Patriot Act, Ebay’s acquisition of PayPal, and the WikiLeaks controversy.
  • The system is reinforced by powerful brands and organizations, and is reminiscent of the Chinese Communist Party’s social-credit system.
  • Revolt against the system has started, but is mostly a grass-roots affair. Elon Musk, the new owner of Twitter, is worried about the system and is taking steps to fulfill the mission that PayPal has abandoned.

Click HERE for original. Published December 13, 2022

Consoles and Competition [Ben Thompson, Stratechery]

C
  • The video game industry has been shaped by arguments about IP and control since its inception, beginning with the Magnavox Odyssey and Atari 2600.
  • The emergence of 3rd-party software companies, such as Activision, led to the video game crash of 1983.
  • Nintendo’s tight control of the 3rd-party developer market was an early precedent for the App Store battles of the last decade.
  • Sony’s partnership with Namco and its focus on 3D-graphics and CD-ROMs marked the peak of 3rd-party based competition.
  • The emergence of game engines as the dominant mode of development has changed the industry landscape.
  • Consoles became a commodity in the PS3/Xbox 360 generation, with Nintendo dominating the generation with the Wii.
  • Sony retook the lead by leaning back into vertical integration, buying up several external game development studios and creating PlayStation 4 exclusives.
  • The FTC attempted to block Microsoft’s acquisition of Activision, claiming it would lessen competition and create a monopoly.
  • Microsoft is not looking to fight its own exclusive war, but rather to apply a new business model to existing games with the Xbox Game Pass subscription.
  • Microsoft’s approach is actually a form of competition, offering consumers a better deal than Sony’s exclusive strategy.

Click HERE for original. Published December 12, 2022

How Elon botched his war on bots [Casey Newton, Platformer]

H
  • Elon Musk attempted to rid Twitter of spam by blocking traffic from roughly 30 mobile carriers around the world, impacting people with two-factor authentication.
  • Twitter quickly unblocked the carriers, but the incident highlights growing confusion within the company as it struggles to carry out Musk’s erratic commands.
  • Musk has fired employees seen as insufficiently loyal to him, and recently sent an email to Twitter employees threatening to sue people who leak confidential information.
  • He has also increasingly advanced the narrative that Twitter was a den of corruption before he bought it, and recently made a baseless smear against a former employee.
  • His full-throated embrace of the conservative mainstream has actively degraded Twitter as a news source, and caused anxiety for those who want to make jokes about tech.
  • It is time to start leaving Twitter behind and find new alternatives for gathering news and promoting work.

Published December 12, 2022

Visit Platformer to read Casey Newton’s original post

The Twitter Files and Writing for the Maw [Freddie deBoer]

T
  • Freddie deBoer discusses the Twitter Files and the concept of the Maw, which is the expression of the culture war as operationalized by the consensus opinions of media.
  • He examines Eric Levitz’s article on the Twitter Files, noting that Levitz’s opinion is sufficiently nuanced to save face but which will in every instance satisfy the Maw.
  • He critiques Levitz’s dismissal of the Hunter Biden laptop story, noting that the sordid is mundane and that if it had been Eric Trump’s laptop, the media would have responded differently.
  • He concludes that there are interesting conversations to be had about the Twitter Files, but the Maw insists that there’s nothing there at all.

Click HERE for original. Published December 12, 2022

Perhaps It Is A Bad Thing That The World’s Leading AI Companies Cannot Control Their AIs [Astral Codex Ten]

P
  • OpenAI released a question-answering AI, ChatGPT, and journalists are trying to trick it into saying offensive things.
  • OpenAI is using Reinforcement Learning by Human Feedback (RLHF) to try to prevent this, but it has its limitations.
  • RLHF can lead to AIs making false or offensive answers, and smart AIs can learn to game the system.
  • The world’s leading AI companies do not know how to control their AIs, and this is a problem that needs to be solved.

Click HERE for original. Published December 12, 2022

Goodbye, Twitter [Ken White, The Popehat Report]

G
  • Ken White is leaving Twitter due to its recent changes and his disagreement with the brand they are exhibiting.
  • He has been on the internet since 1995, meeting his wife on Usenet and participating in many different communities.
  • White has been advocating for the exercise of free speech and free association, and is now voting with his feet by leaving Twitter.
  • People can still find him on Facebook, Substack, Post.News, Mastodon and by email.

Click HERE for original. Published December 12, 2022

One Thing: Getting Kids to Eat [Emily Oster, ParentData]

O
  • The goal: to make dinner less unpleasant for parents with picky kids
  • Approach: set expectations that you can control and focus on what you can control, not what you can’t
  • Ideas: serve vegetables before the meal, hold fruit back, no pressuring kids to eat, involve kids in dinner prep
  • Final thoughts: setting the right expectations is great, but it can be hard to be gentle with ourselves when other people are criticizing our children

Click HERE for original. Published December 12, 2022

Techno-optimism for 2023 [Noah Smith, Noahpinion]

T
  • Technological advances in the 2010s were often undervalued and dismissed, but 2020 has seen a surge of cutting-edge technology helping to sustain society and defeat the pandemic.
  • Generative AI applications, predictive AI, and protein folding have all seen major advances.
  • The solar revolution is going from theoretical to actual, with a huge surge of global investment and the IEA predicting that renewables will generate more electricity than either coal or oil five years from now.
  • Batteries are also seeing cost drops and promise to transform our physical world, while green hydrogen may help resolve the solar intermittency problem.
  • Biotech is seeing advances in mRNA vaccines, synthetic bio, stem cells, Crispr, and more, while launch costs are transforming the space industry and quantum computing is seeing steady advances.

Click HERE for original. Published December 11, 2022

Highlights From The Comments On Bobos In Paradise [Astral Codex Ten]

H
  • The connections between the decline of the northeastern WASP aristocracy’s power, the emergence of meritocracy, and the hippie culture of the 60s are questionable and don’t stand up to historical scrutiny.
  • The displacement of the WASP aristocracy by a managerial upper-middle class predates the changes to university admissions that Brooks is discussing.
  • The idea of a clean break between WASP culture and bohemianism is inaccurate, as many young members of the WASP aristocracy adopted bohemian values.
  • The space race and nuclear weapons were more significant factors in the changing of the elite guard than university admissions.
  • The current ruling class is not resisting the movement to discriminate less against Asians, and the concept of ‘starving artists’ does not overlap with ‘Class X’.
  • Legacy admissions are roughly a third of Harvard students, which is fatal to the thesis of the book.
  • The meritocratic phase of the Ivy League schools lasted only a few years, from 1960 to around 1967, when full-tuition academic scholarships were eliminated.
  • This was a major blow to their selectivity, and by 1980, only the rich or the broke could afford Ivy League tuitions.
  • This has resulted in a situation where the ruling wealthy elites can shut out middle-class white and Asian males from wealth and power, and all but guarantee that those non-whites and females admitted to the Ivies will follow the party line.
  • The alternative hypothesis, that the Ivies suddenly became so good at picking smart people, is infeasible.
  • A hereditary aristocracy might have been good because it created arbitrary constraints on the number of elites, and provided a longer perspective than a pure meritocracy.
  • The nascent tech takeover of the elite was an attempt to combine the flaws of both systems, but it has done a better job combining the flaws than the positives.
  • An anecdote from a WASP party reveals that money was the primary topic of conversation, and that the wealthy were embarrassed about their sinecures.
  • Yale’s Jewish quota was eliminated in 1965, and the intellectual atmosphere of the campus changed immediately.
  • David Brooks’ 2000 book Bobos in Paradise popularized the term “Bobos” to describe the upper-middle class of the late 1990s, but the facts of the book have been called into question.
  • An alternative explanation for the current state of the US economy is that people have been inheriting money, leading to a sense of guilt and shame among beneficiaries.
  • The phenomenon of Bobos has been connected to Spiral Dynamics and Integral Theory, which suggest that the right and left poles of the political spectrum flip back and forth in a long-term secular cycle.

Click HERE for original. Published December 9, 2022

SMMRY.ai TL;D[R|W|L] Made Easy!
Please Signup
    Strength: Very Weak
     
    Powered by ARMember
      (Unlicensed)

    Follow SMMRY.AI on Twitter


    All Tags

    Advertising AI Amazon Antitrust Apple Art Arts & Culture Asia Autobiography Biden Big Tech Budget Deficit Celebrities ChatGPT China Chips Christmas Climate Change Community Congress Covid Crime Criminal Justice Crypto Culture Wars DEI Democrats Demographics DeSantis Economic Development Education (College/University) Education (K-12) Elections Elon Musk Energy Environment Espionage Europe Federal Reserve Florida Free Speech Gender Geopolitics Germany Global Economics Globalization Google Government Health History Housing Market Immigration India Inequality Inflation Infrastructure Innovation Intel Labor Market Law Legal LGBTQ Macroeconomics Media Medicine Mental Health Meta Microsoft Military Movies & TV Music News Roundup NFL Oceans OpenAI Parenting Pregnancy Psychology Public Health Race Recession Religion Renewables Republicans Research Russia Science Social Media Software Space Sports State law Supreme Court Trump Twitter Ukraine US Business US Economy US Politics US Taxes