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Economic policy for AGI

66 points · 74 comments · alphabetatango

  1. 312iuz · · focus · HN ↗
    I'd rather read an analysis from the World's Socialist Website than from the perpetrators.

    What are your concrete plans now for the 30,000 Oracle employees that have been fired because Larry got overly ambitious with AI?

    1. AIiscoming · · focus · HN ↗
      You should want to read both sides and generate your own view of it.

      You can't ignore signals of the frontier labs and people working there. How much you trust them and how serious you take them and how much it reflects on what you experience, is your personal analysis.

      I'm playing around with fable 5.1 and Astra and its really crrazy how much better they got again now in comparison to a few month, i do trust them to a certain degree, that they are already seeing again progress internally we don't have yet.

      The last update killed for sure a lot of low level/avg blender/3d artists.

    2. jackb4040 · · focus · HN ↗
      Funny how Hyperscalers will write endlessly about this outcome but have no plan for what happens if LLMs turn out to be a bubble and the economy they're propping up goes into recession
      1. SoftTalker · · focus · HN ↗

        [dead]

      2. tim333 · · focus · HN ↗
        There is &quot;Sam Altman says ‘yes,’ AI is in a bubble&quot; <a href="https:&#x2F;&#x2F;www.theverge.com&#x2F;ai-artificial-intelligence&#x2F;759965&#x2F;sam-altman-openai-ai-bubble-interview" rel="nofollow">https:&#x2F;&#x2F;www.theverge.com&#x2F;ai-artificial-intelligence&#x2F;759965&#x2F;s...

        His plan seems to be to plow ahead.

    3. nradov · · focus · HN ↗
      What were your concrete plans then for the thousands of Oracle employees who were fired in 2005, 2006, 2009, 2017, and 2022 before they got ambitious with AI? Mass layoffs at Oracle are nothing new, they&#x27;ve never hesitated to make huge cuts.

      Considering that socialism has been an abject failure every time it&#x27;s been tried at scale, I fail to see any analysis from the World&#x27;s Socialist Website could be useful.

      1. harimau777 · · focus · HN ↗
        Socialism has been hugely successful. Just look at Western Europe and the Nordic countries. Socialism has only been an abject failure if you swallow the conservative talking point that &quot;socialism&quot; is always equivalent to Stalinism&#x2F;Maoism.
        1. nradov · · focus · HN ↗
          The Nordic countries abandoned their failed attempt at socialism decades ago.
          1. harimau777 · · focus · HN ↗
            I&#x27;m sorry but that&#x27;s simply not true. They still have socialized medicine, generous social safety nets, significant worker protections, etc.
            1. tim333 · · focus · HN ↗
              I think mixed economy socialism where some bits are socialised and others are not may be the way forward with AI.
        2. acuozzo · · focus · HN ↗

          [dead]

      2. AngryData · · focus · HN ↗
        If the nation was mostly co-ops, and possibly even unions if they are given full autonomy and covered the majority of the nation, fits the definition of socialism. Plus co-ops have naturally been on the rise for decades.

        The idea that there must be individuals skimming the most profit possible off the top, or else all economics would collapse, is ridiculous to me. Do you think groups of people can&#x27;t possibly figure out a pay scale within their business?

    4. tim333 · · focus · HN ↗
      There is some recent stuff on that website <a href="https:&#x2F;&#x2F;www.wsws.org&#x2F;en&#x2F;articles&#x2F;2026&#x2F;09&#x2F;17&#x2F;wrke-s17.html" rel="nofollow">https:&#x2F;&#x2F;www.wsws.org&#x2F;en&#x2F;articles&#x2F;2026&#x2F;09&#x2F;17&#x2F;wrke-s17.html

      &gt;Sanders and the trade union bureaucracy join hands with the fascist right

      &gt;The question of who controls AI can be resolved only through the establishment of social ownership and democratic control over the technology by the working class, internationally.

      the article also doesn&#x27;t have much concrete plans for the Oracle workers.

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