This is huge: yesterday, the @FTC finalized a rule banning noncompetes for every American worker. That means that the person working the register at a Wendy's can switch to the fry-trap at McD's for an extra $0.25/hour, without their boss suing them:
The median worker under a noncompete is a fast-food worker making close to minimum wage. Guess who doesn't have to worry about noncompetes? Techies in Silicon Valley, because California already banned noncompetes, as did CO, IL, ME, MD, NH, ND, OK, OR, RI, VA and WA.
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If AI has a future (a big if), it will have to be economically viable. An industry can't spend 1,700% more on Nvidia chips than it earns indefinitely - not even with Nvidia being a principle investor in its largest customers:
I'm touring my new, nationally bestselling novel *The Bezzle*! Catch me in THIS SATURDAY (Apr 27) in MARIN COUNTY, Winnipeg (May 2), Calgary (May 3), Vancouver (May 4), and beyond!
Combine Angelou's "When someone shows you who they are, believe them" with the truism that in politics, "every accusation is a confession" and you get: "Every time someone accuses you of a vice, they're showing you who they are and you should believe them."
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on , my surveillance-free, ad-free, tracker-free blog:
Let's talk about some of those accusations. Remember the moral panic over the CARES Act covid stimulus checks? Hyperventilating mouthpieces for the ruling class were on every cable network, complaining that "no one wants to work anymore."
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Corporate crime is underpoliced and underprosecuted. We just choose not to do anything about it. US corporations commit crimes at 20X the rate of humans, and their crimes are far worse than any human crime, but they are almost never prosecuted:
We can't even bear to utter the *words* "corporate crime": instead, we deploy a whole raft of euphemisms like "risk and compliance," and that ole fave, the trusty "white-collar crime":