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Joined 3 年前
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Cake day: 2023年6月30日

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  • I can only speculate, but I assume it has to do with the government structure. China’s leadership is much more insulated (electorally) from the population than the European leadership. Said another way, European leadership is more accountable to their constituents and social safety nets are popular.

    Chinese leadership are more accountable to the party which is just a subset of the population, not the population at large. I assume those in the party are on average better off and have less need for a social safety net, so they are less likely to demand that from the leadership. This is pure speculation though.



  • China has a pretty abismal social safety net. They economy has a lot more central organization than most countries (whose economies are more free market). The social safety net systems in Europe are much stronger than in China, even though they have less centrally planned economies overall.

    As with everything, it’s hard to fit things into neat groups and the more you analyze something the more nuance there is.





  • I’ve known a fair amount too and they always over leveraged themselves. As soon as they had enough for another down payment they would purchase another property. It could have been a different strategy or situation than the landlords you know. To the landlords I knew having aapartment vacant for two months was a serious financial issue.





  • It’s a useless metric for the state of the stock market. It’s used because it has been around forever and people hate change.

    Why is it useless? It is calculated by tracking 30 companies on the stock market and pretty much adding up their current stock price. This is a meaningless metric because you could have one company that is worth $100 that offers two shares of stock, each worth $50. Another company worth $100 chooses to have 50 shares of stock each worth $2.

    The companies are the same value, but their stock price is vastly different. Let’s say they’re both on the DOW list of 30 companies. When the first company doubles in value, so does it’s stock price. Now the company is with $200 and the stock is worth $100. That means the dow increased by 50.

    When the second company doubles in value, it’s stock also doubles to $4. Now the DOW increases by a value of 2…

    This is why the DOW is useless. It’s intent is to measure the general trend of the stock market, but with the two examples above it clearly fails at doing that. There are many better stock market indexes that provide a more reliable insight intoarket trends, the S&P 500 for example. The DOW is meaningless and anyone who is using it as a reference for the health of the stock market is an idiot.

    Anyone using it to talk about the health of the economy overall is out of their gord and should be in the loony bin.



  • Yondoza@sh.itjust.workstoFuck AI@lemmy.worldOpenAI's Planned Cash Burn
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    10 天前

    “If we can just make an AI that can overthrow humanity it won’t matter how much cash we burn!”

    Anyone else have this unsettling feeling we are in the hibernation period of “If Anyone Builds it, Everyone Dies”? The post containment breach but pre openly operating phase. Is there some force pushing more resources towards AI than is rational? Is this bubble human greed and stupidity, or is there something else at play?


  • Thank you for the insight and write up.

    On a completely unrelated note, this type of online conversation is what makes me most pessimistic about LLMs. I’m fairly certain Chozo is a human, but as time goes on it will become much more likely companies will have bots crawling all social media looking for conversations like this as a standard part of their PR team. It will make it impossible to discern truth from hallucination and ultimately just erode trust in everything. It’s such a bleak future.