If you think Buffett's slides lack design, have you seen Berkshire Hathaway's homepage? berkshirehathaway.com
Not sure what's the best part of this:
• Postal address at the top
• GEICO ad at the bottom
• Suggestion to write to them by mail with comments on the website, although “we are unable to provide a direct response”
Actual answer: random capitalization in “If you have any comments about our WEB page…”
By the way, those links aren't purple because I clicked on them—I hadn't. They're just colored like that.
The steam engine was invented in 1712. An observer at the time might have said: “The engine will power everything: factories, ships, carriages. Horses will become obsolete!”
And they would have been right—but two hundred years later, we were still using horses to plow fields.
In fact, it took about a hundred years for engines to be used for transportation, in steamboats and locomotives, both invented in the early 1800s. It took more than fifty years just for engines to be widely used in factories.
What happened? Many factors, including:
1. The capabilities of the engines needed to be improved. The Newcomen engine created reciprocal motion, good for pumping but not for turning (e.g., grindstones or sawmills). Improvements from inventors like James Watt allowed steam engines to generate smooth rotary motion.
This is a prescription for re-enslaving women to domestic service, and ensuring that only the wealthy can live with the basic dignity of cleanliness.
What is described here is exactly how we used to do laundry, and it was terrible. Laundry was difficult manual labor that took up an entire day of the week, and was part of why being a housewife was a full-time job.
To quote a scholar who actually knows this topic (Ruth Schwartz Cowan, More Work for Mother):
“For most women, for most of the year, the labor of doing laundry meant carrying heavy buckets of water from tap to stove and from stove to tub, repeatedly overturning the tubs and refilling them, as well as carrying, scrubbing, wringing, and hanging the heavy fabrics that were the only ones cheap enough for poor people to buy. The labor of getting the family bathed was similar, lacking only the carrying, scrubbing, wringing, and hanging of the wash.…
“Even if a dwelling contained a sink, it was usually not deep enough for doing laundry and may not have had a drain. Public laundries were few and far between; and so, for that matter, were public bath houses…
“The net result of the profound difficulty that washing and bathing presented was that precious little of it got done; underclothing might be changed only once a week, or even once a season; sheets likewise (if they were used at all, since featherbeds did not require them); outerclothes might do with just a brushing; shirts or shirtwaists might go for weeks without benefit of soap; faces and hands might get splashed with water once a day; full body bathing might occur only on Saturday nights (and then with a sponge and a wooden tub and water that was used and reused) or only when underwear was changed—or never at all.
“‘Some women have a feeling that cleanliness is a condition only for the rich,’ one home economist remarked of the immigrant women with whom she worked…”
Cowan also quotes an early 20th-century writer as saying:
“Many people do not sufficiently realize the extent to which the increase in cleanliness of home and person contributes toward the growth of democracy. So long as the upper classes felt the necessity of using smelling salts whenever approached by one of the common people, just so long would they despise the vile-smelling yokels. Cleanliness is not only next to Godliness, but it is essential to the establishment of the Brotherhood of Man.”
If you don't believe history, maybe you'll believe someone who's lived this.
“Routine tasks, like scrubbing clothes, are such a waste of humans' capacity for creativity and innovation”
If “low-hanging fruit” or “ideas getting harder to find” was the main factor in the rate of technological progress, then the fastest progress would have been in the Stone Age.
Ideas were *very easy to find* in the Stone Age! There was *so much* low-hanging fruit!
Instead, the pattern we see is the opposite: progress accelerates over time. (Note that the chart below is *already on a log scale*)
Clearly, there is some positive factor that more than makes up for ideas getting harder to find / low-hanging fruit getting picked.
“Ideas getting harder to find” is ambiguous, let me clarify.
In the econ literature it refers to a specific phenomenon, which is that it takes exponentially increasing R&D investment to sustain exponential growth. This is basically all the low-hanging fruit getting picked.
• The AI can do better at the goal if it can upgrade itself
• It will fail at the goal if it is shut down or destroyed (“you can’t get the coffee if you’re dead”)
• Less obviously, it will fail if anyone ever *modifies* its goals
There is an AI doom argument that goes, in essence:
1. Sufficiently advanced AI will be smarter than us 2. Anything smarter than us, we cannot control 3. Having something in the world that we cannot control would be bad
∴ Sufficiently advanced AI would be bad. QED
One counter is to deny (1), eg: AI will never be that smart; intelligence is multi-dimensional and it doesn't make sense to compare them; super-human intelligence is so far in the future that we shouldn't worry about it; etc
This is becoming less popular recently as AI advances.
Another counter is to deny (2): we can build superintelligent systems, but have them be our tools or servants.
This is probably most popular among techno-optimists.