82,503
edits
This time it’s different: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|systems| | {{a|systems| | ||
{{image|This time it's different|jpg|Hedgeye knows.<ref>[https://info.hedgeye.com/cartoon more Hedgeye here]</ref>}} | |||
}}{{quote|''With every single technological advance, from the invention of writing to the invention of television, those who have failed to appreciate the non-zero-sum nature of technological evolution have prophesied doom and been proven wrong. Every time, they have made some version of the argument: this time it is different, and been proven wrong.'' | }}{{quote|''With every single technological advance, from the invention of writing to the invention of television, those who have failed to appreciate the non-zero-sum nature of technological evolution have prophesied doom and been proven wrong. Every time, they have made some version of the argument: this time it is different, and been proven wrong.'' | ||
:—{{author|Venkatesh Rao}}, {{br|Breaking Smart: Season One}}}} | :—{{author|Venkatesh Rao}}, {{br|Breaking Smart: Season One}}}} | ||
| Line 12: | Line 12: | ||
:—{{author|Douglas Adams}}, {{hhgg}}}} | :—{{author|Douglas Adams}}, {{hhgg}}}} | ||
Stiffen your sinews if — ''when'' — you hear this one. | Stiffen your sinews if — ''when'' — you hear this one. “This time it is different”. This time, the fact that [''Here insert inconvenient but basic operating assumption of life on Earth that hitherto has spoiled the plans of dreamers and fantastist with unerring regularity''] doesn’t matter. Our new [''here insert machine/technique/technology/philosophy''] consigns these unwelcome consideration to the past. We are in a new [[paradigm]]! previous assumptions no longer hold! | ||
He’s not proud of it, but in his wild, early years, the JC spent a time in the company of a British coven of [[vampire squid]]s. It was the early noughties. He remembers one little tadpole lolling around his cubicle, waving a PetVan, or BluBeenz, or [[Lexrifyly]] [[red herring]] in his face, frothing, eyes rolling in their sockets and muttering over and over I HAVE SEEN THE FUTURE. The JC flipped a few pages — prospectuses were only three hundredf pages on those days, so you could lift them unaided — and remarked, “but it has no forecasted revenue, let alone profit, in the next nineteen years. It even says so in the prospectus.” | |||
Young Renfield — for that was his name — convulsed in bubbling, convulsive laughter . | |||
“You fool,” he cried. “Revenue is ''irrelevant''! This is the ''internet''! There is no money any more! Money is irrelevant! Everything is free! We are liberated! There are no bricks and/or mortar! we are going to be rich!” | |||
So the strangest thing about the “this time it's different” crowd is how closely they map to the [[reductionist]]s, who believe in a [[determinism|determinist]], [[algorithm]]ic recurring, predictable universe of the kind where things definitively will ''not'' be different. | So the strangest thing about the “this time it's different” crowd is how closely they map to the [[reductionist]]s, who believe in a [[determinism|determinist]], [[algorithm]]ic recurring, predictable universe of the kind where things definitively will ''not'' be different. | ||
| Line 25: | Line 32: | ||
No? | No? | ||
===Prior times it ''seemed'' to be different, but ''wasn’t''=== | |||
*FTX has none of the traditional systemic risk of centralised finance because ''crypto''. And Sam Bankman Fried’s parents worked in compliance, so there’s that. @ Everyone 2021. | |||
*Millennial investors have changed the rules of finance forever because [[bitcoin]], memestocks, [[NFT]]s, [[Reddit]] and so on. — Every hot take ever on [[Twitter]], 2021. | |||
*We have eliminated boom and bust. — © Gordon Brown, April 2000. | *We have eliminated boom and bust. — © Gordon Brown, April 2000. | ||
*It’s the end of history. We [[libtard]]s have won. — © Francis Fukuyama, 1992 | *It’s the end of history. We [[libtard]]s have won. — © Francis Fukuyama, 1992 | ||
| Line 36: | Line 44: | ||
*The machines are going to take over, breed us in slimy pods as battery fuel for Skynet which the machines will need because um they just will. Look! [[Chess]]-playing supercomputers! — © {{author|Daniel Susskind}}, {{br|A World Without Work}} | *The machines are going to take over, breed us in slimy pods as battery fuel for Skynet which the machines will need because um they just will. Look! [[Chess]]-playing supercomputers! — © {{author|Daniel Susskind}}, {{br|A World Without Work}} | ||
*Everyone is going to be nice to each other now Generation Z is in control and we have taken out and shot all the old white men. — © Every millennial, and millennial apologist ever, 2018 -. | *Everyone is going to be nice to each other now Generation Z is in control and we have taken out and shot all the old white men. — © Every millennial, and millennial apologist ever, 2018 -. | ||
{{sa}} | {{sa}} | ||