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Jon Rowlands's avatar

There was a This American Life episode, the Giant Pool of Money, that framed the subprime mortgage crisis as excess capital maximizing ROI by any means possible. Crypto and now AI fit into this thesis perfectly. The corrupting effect of "by any means possible", via the perverse incentives it creates for everyone else, can't be overstated.

Graeme McGregor's avatar

To be clear, you can be a nihilist and still believe in and hold ethical positions. You just don't believe they're objective or universal. What you seem to be talking about is amoral libertarians who disguise their lack of morals with a lazy misreading of nihilism.

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