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#capital

3 posts3 participants0 posts today

"#AIbasedcapitalism, if it is to maintain its political legitimacy, may well have to be accompanied by very #high levels of #taxation on #capital, which would, in effect, socialize the financial returns that the #AImodels generate. Perhaps this was what the A.I. pioneer #GeoffreyHinton was getting at during a recent interview when, on being asked about the economic policies needed to make A.I. work for everybody, he gave a one-word answer: #Socialism.”

newyorker.com/magazine/2025/04

The New Yorker · How to Survive the A.I. RevolutionBy John Cassidy
Continued thread

The #SEC, which oversees the >$100 trillion US #capital #markets, is under pressure from #Trump to fire staff & slash costs. Agency leaders have been told to submit recommendations for steep cuts to the admin. Some of the government's cost-cutting efforts have involved the new Department of Govt Efficiency, or #DOGE, & #Musk.

The SEC is embroiled in litigation against Musk for allegedly violating #securities #regulations.

Né en 324PPM, j'en suis à désespérer du genre humain.
Je trouve du réconfort dans les luttes actuelles et ne me résous pas d’être réduit à une interface machine, monde promis par le #Néolibéralisme et les excès du #Capital.
Ancien entrepreneur cela fait maintenant 6 ans que je plonge avec envie et extase mes mains en Terre et rien n'est plus beau pour moi que de pisser dehors en chouffant le Ciel. #Introduction

Replied in thread

@anarchistquotes

"'The conflict between wage labor and capital, while it has by no means disappeared, nonetheless lacks the all-embracing importance that it possessed in the past.' -- Murray Bookchin"

Wow. Murray Bookchin was a fucking dumbass. Don't be like him. Read Marxist theory and understand the very prevalent conflict between wage labor and capital that very well still exists.
#communism #socialism #marxism #capitalism #wagelabor #capital

marxists.org/archive/marx/work

www.marxists.orgWage Labour and CapitalWage Labour and Capital