1,420 karma · joined March 1, 2018
When a game like Genshin Impact does 1 billion in revenue every 6 months it is only a matter of time before the rest of the market moves in that direction.
Clearly the solution is probably somewhere in between, but political polarization has simply pushed people to their party lines and entrenched their positions such that no real progress can happen while things continue to fall apart.
A lot of people are probably beyond stressed and stretched way past their tolerance point by now.
Even fine artists have likely had their practice influenced by the whims of what the algorithms on major social media outlets are willing to favor in order to get engagement. It kind of feels like many creatives have been incentivized into becoming slaves to these processes, which has in turn made them seem replaceable with AI.
It is sort of similar in how many nation building projects of the west have failed in recent times, because the people put into positions of power, weren't in power before for a reason which is usually tied to their incompetence.
This video was recently published that talked about going from 200 to 300mm wafers, and there is some further discussion in the comments about the transition as well as going to 450.
Politicians have just kept digging us deeper into the hole because while it is not sustainable there is no turning back without major social upheaval and massive uncertainty.
Everyone could see they were running out of money which would eventually cause them to blow up, which caused people to eventually jump ship, which caused Luna to implode because it was fundamentally flawed but people were either too greedy or didn't do their due diligence to avoid it, which caused all of their assets to vaporize as they tried to defend their stablecoin peg. With 3ac insolvent, nobody that lent to them could get their capital back, which meant they could no longer repay their defi loans which caused them to be liquidated as prices dropped and they couldn't post additional collateral. With their funds locked or liquidated, they had nothing to return to depositors who wanted their stuff back.
To be charitable you could say they weren't outright scamming people, but anyone with a nose should have smelled the enormous stench of death coming from the entire thing.
We are sort of in a transition period where only more veteran gamers experienced the norm of having fixed cost games, whereas now microtransaction based monetization are normalized.
Essentially none of the news outlets have provided good coverage on what is happening, because if they did it would reveal how poorly the western powers navigated this, and how much of a disaster this entire thing has been for Europe, irrespective of its effect on Russia.
I can't speak for elsewhere, but American society seems to incentivize against the factors that allow for high fertility. I think it is also apparent in Asia with the Sampo/ Satori generation phenomenon in Korea and Japan respectively.
First, I have no idea what Reddit the company has been doing since basically every addition to the site in over a decade has been garbage and has made the site worse to use. The site is basically unusable without the old.reddit.com style, their media hosting is worse than imgur or any of the other alternatives, their app and mobile experience is worse than any number of free alternatives, and besides that I don't know what else the have done except gamify posts with their awards system.
The second problem is how communities on Reddit and the internet as a whole are structured, incentivized and evolve. So many of these communities are unable to check themselves (which generally requires very good moderation), and with incentive structures like upvotes and awards, posting is gamified where people post things they think others will approve of and will reward, which causes communities to become monocultures as everyone else just leaves, is downvoted into oblivion or just banned from the subreddit. These communities basically become filled with people who have the same opinions and circlejerk about them in ways that affirm their opinions and disparage ones that oppose them, causing them to slowly become detached from reality. It creates a community of people who basically become unable to discuss things with people who don't share the same opinions, which then carries over to interactions outside of those monocultures. Lots of these people just dont have the ability to even talk to others with differing viewpoints now.
The best communities and best conversations I have had online have been those that offer a lot of off topic discussions within interest based communities. Support group/ identity based communities need very strong moderation because they are much more susceptible to "radicalization" if that is the correct term.
Finance was not a glamorous, high paid profession like Wall Street depicted before liberalization, it has only become what it is now after that, that is the change I am talking about. Most of the things that blew up either massively increased productivity or was adjacent to the financialization of the economy and benefited from the uneven expansion of the money supply via the Cantillion effect.
Meanwhile the rest of the economy de-industrialized, manufacturing jobs became more scarce because technology increased productivity, whatever was too labor cost intensive went overseas, and whatever jobs couldn't be offshored, retail and service jobs, aren't capable of having the same productivity gains as what was happening in tech. There are pretty hard limits to what restaurant staff, or retail employees, or other regular jobs can do to become more productive. That is why their wages are stagnant, the only reason those jobs exist is because they can't be exported, in some places they even import foreign workers to do those jobs to keep wages low. This is why unions fell out of favor, labor has no leverage anymore since their jobs can just be exported, or they cant but they are low skill jobs so employers can just churn people or grab import immigrants to do it because employees are nothing more than cogs in a machine that Amazon hasn't figured out how to automate yet.
Keep in mind that this is all by design, capital was liberalized, economies globalized, college loans guaranteed, nimbys limiting development in real estate and energy, these were all policies that people wanted and politicians enacted, whether or not they were fully aware of the second order consequences which are why things feel so messed up now.