Fair warning: this is the longest thing I've written on this newsletter. I do apologize. Soundtrack: EL-P - $4 Vic Listen to my podcast Better Offline. We have merch. Last week, Bloomberg profiled Microsoft CEO Satya Nadella, revealing that he's either a liar or a specific kind of idiot. The

This is an article about the AI bubble and Microsoft.

A quote that I think is relevant:

“The incentives behind effectively everything we do have been broken by decades of neoliberal thinking, where the idea of a company — an entity created to do a thing in exchange for money —has been drained of all meaning beyond the continued domination and extraction of everything around it, focusing heavily on short-term gains and growth at all costs. In doing so, the definition of a “good business” has changed from one that makes good products at a fair price to a sustainable and loyal market, to one that can display the most stock price growth from quarter to quarter.”

  • sculd@beehaw.orgOP
    23·
    1 day ago

    Actually there was one more quote:

    Decades of neoliberalism has incentivized their rise, because when you incentivize society to become management — to “manage or run a company” rather than do something for a reason or purpose — you are incentivizing a kind of corporate narcissism, one that bleeds into whatever field the person goes into, be it public or private. We go to college as a means of getting a job after college using the grades we got in college, rendering many students desperate to get the best grades they can versus “learn” anything, because our economy is riddled with power structures controlled by people that don’t know stuff and find it offensive when you remind them.