It’s some Sun Tzu shit. Create a sense of inevitability such that they win the war for financial capital without any fighting, then hope the tech catches up before Capitalists realize they’ve been fleeced. The Dotcom bubble was the same scam.
I think you meant ESOP (Employee Stock Ownership Program), not ESPP. I work for a 100% ESOP company and it’s been very beneficial to me and also the former owners were able to cash out without selling to the devil.
An ESOP is where a portion of or an entire company is sold to the employees. Our company took out loans to acquire the shares from the former owners and shares are disbursed to employees yearly instead of purchased by employees. It took 5 years to fully buy out the former owners, so we’re a 100% ESOP now and we just finished paying off the loans taken out to buy out the former owners.
An ESPP just gives employees of a company the option to buy shares at a discount.
You are correct ESOP was what I was thinking of. Thank you for the correction. Worked great for Bob’s Red Mill I believe. Glad to hear it’s been a success for you and your company.
A lot of this AI stuff seems to be about creating a feeling of inevitability along with FOMO among investors who don’t know any better, while hoping the tech catches up to the expectations before everyone realizes it’s not quite there yet. Reminds me a lot of the Dot-Com bubble where everyone could see the potential but the ideas were too early for both the culture and the tech. Unfortunately dark gpus have a much shorter shelf life than dark fiber.
This is a systems problem, not a human problem. It was inevitable that any weaknesses in the system would eventually be exploited. We should focus on fixing the system so this cannot happen again.
Complex systems have more unintended behaviors and failure modes, and interventions create new problems you didn’t anticipate. This is literally the Law of unintended consequences, and the more detailed you make the law, the harder it is to update to correct, current or actual circumstances.
I disagree completely. There are a lot of tweaks which need to be made to the various mechanisms of American government, but ultimately there's no system you can design which can fix the problem of "approximately half the country is in a personality cult to one guy who demands absolute power, and his supporters in government refuse to enforce the law against him". Or at least no system which is remotely recognizable as democratic. How could that possibly work?
It's user error, and trying to fix it without changing the minds and wants of those users just makes them angrier that "the Elites are undermining the will of the People" or whatever.
Unfortunately, long before it Trump it was demonstrated again and again that enforcing the law against government is, perhaps not impossible in extreme cases, but 100x harder than the reverse.
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