With this, then we couldn’t afford Sam Altman to experience failure because he will drag folks down with him. So the companies invested become too big to fall, and the still private leadership gets to run things however they wish knowing the government will cover for any mistakes.
It’s bad enough as the government will panic about retirement accounts when they falter, this exacerbates it.
It’s a risky form of private-public partnership, with a lot of ways the company can privatize rewards but socialize the risk.
it actually creates symetry for risk/reward, but it does incentivize giving skynet contracts with argument that people get 50% of the proceeds from skynet abuse.
I think the intention is to get the profits of automation to the people when more jobs are inevitably automated.
It is, but unintended consequences.
With this, then we couldn’t afford Sam Altman to experience failure because he will drag folks down with him. So the companies invested become too big to fall, and the still private leadership gets to run things however they wish knowing the government will cover for any mistakes.
It’s bad enough as the government will panic about retirement accounts when they falter, this exacerbates it.
It’s a risky form of private-public partnership, with a lot of ways the company can privatize rewards but socialize the risk.
it actually creates symetry for risk/reward, but it does incentivize giving skynet contracts with argument that people get 50% of the proceeds from skynet abuse.