The current site "voxday" also claims a lot that Trump is "fake" as in, not the real Trump. Odd, I guess that's one of the delusions of the schizophrenic part of the far right?
A fundamental characteristic of capitalism is that capitalist businesses are run as dictatorships, with the capitalists as the dictators. When is the dictator going to replace themselves? Never. If anything, the capitalist will fully automate their job and continue to control all of the profits and continue to run the organization as a dictator. Most capitalists already do some form of this, they just hire other people to do work while they do little to nothing yet continue to "own" the organization, which is why the setup is so good for them, and why their job could be so easily replaced by AI. Unless the structures of businesses change and capitalists no longer have dictatorial authority over hiring/firing.
There's loads of other inefficiencies as well. Moving is a huge hurdle. It's difficult to find housing that meets dozens of conditions, and even then you don't respond to supply + demand imagined equilibrium, you pay more or pay less to live near friends or family. It's something you only do a handful of times in your whole life. Trying to use the same analysis as for buying a can of beans is absurd. You might need to take econ 201 before you understand why econ 101 is wrong about housing.
Prices in massively inefficient markets do not follow the supply + demand equilibrium. Beer is not an inefficient market. You're doing the absurd comparison.
It's more correct to say supply and demand still drive the overall average, but in a high-friction market of unique items, every single case is still a unique case. It's not like moving wheat bushels or RAM chips. When they sell oil, they mix up all the oil from different producers in the same reservoir, in the same tanks. Electricity travels in the same wires. Housing is nothing like that.
Housing doesn't follow economic principles that only apply to homogeneous bulk products, that's the point. Electricity is almost perfectly homogeneous. Then you have things like wheat and bread, which vary in quality but are close substitutes. Housing's at the complete opposite end of the spectrum. No two units are alike and they only trade every few years at best.
Not really, it used to be the case that a full third of Americans moved every year. Obviously life is more complicated than econ 101, but it's also obvious that a current undersupply of housing is one of, if not the primary, drivers of home pricing. Admittedly other factors like the governments interference in the home loan space have also had large effects on the market over the last century.
So, if instead of installing a bunch of apps, setting up search filters, and refreshing browser tabs on my phone ever 15-30 minutes, then the instant something meets my parameters I immediately leave work and, if possible, make a deposit on a new place, I open an app and find 5000 places meeting my requirements, meet them when I'm not working and on my time, and tell them I like a different one better so I'll hold off before making a decision, makes no difference on the price?
They also teach you about elasticity in econ 101. It's foolish and anti-intellectual to insist that the housing market has only two factors, while simultaneously condescending about your understanding of economics shows that you really don't understand economics, it's more about your ego.
> It's foolish and anti-intellectual to insist that the housing market has only two factors
Elasticitiy moderates the effect. It doesn't reverse it. Increasing housing supply decreases housing costs. A lot of people are venally or ideologically motivated against accepting this. Our housing crisis is a political choice. (Note: I'm a homeowner.)
This reminds of a fun fact I remember learning in university.
Elasticity is the relationship between demand and supply, and there are actually very rare instances where it can be negative (where demand increases with price).
Inelastic demand is when a good is demanded so much, that an increase in price has little affect on the total quantity (people still demand it, think like addictive substances)
So a perfectly inelastic product would be a straight line where any amount is demanded at any price.
So having the curve keep going it would get a positive slope, where higher price makes demand go up.
If I remember the example I was given was food during a famine. Supply is already low, but an additional pressure on price is the known shortage. The idea being that as the price goes up people see it as harder to get.
It’s been so long since I studied the subject so I might have gotten some things wrong here.
The terminology is actually split; sometimes they're called Giffen goods and sometimes they're called Veblen goods.
The two types have identical behavior, so there's no good reason to have two different names, but in concept Giffen goods are something poor people buy, while Veblen goods are something rich people buy.
(There is a difference if you're willing to look at responses to changes other than a change in the price of a good: if you give a household more money, it will increase consumption of Veblen goods, but decrease consumption of Giffen goods.)
The urban orthodoxy is around demand rationing. Supply-side arguments are incredibly new. The evidence cuts in one direction. (Unless we want a hukou system.)
This is "Open Hardware" which usually means open PCB or chip schematics, so people can modify or extend the board. OpenWRT is "Open Software that runs on closed hardware".
After checking a couple, Kind of seems like a lot of boards on this "open hardware" list might not actually be open hardware?
by open, we mean that you can flash your own firmware.
- but yes, we will need to check manualy each device/board or improve the Claude Opus prompt to make sure that it's doing a very good research when extracting these devices
Are you and Redox just going to fall behind? Projects that used to take months take days or hours.
It seems well intentioned, but lots of bad ideas are like this.
I was told by my customer they didn't need my help because Claude Code did the program they wanted me to quote. I sheepishly said, 'I can send an intern to work in-house if you don't want to spend internal resources on it.'
I can't really imagine what kind of code will be done by hand anymore... Even military level stuff can run large local models.
Projects that used to take months still take months. LLM’s are only useful for throwaway low-quality slop. Perhaps some times the sloperator will get lucky and the end result isn’t something that will bite them in the ass. But the rest of us foresee a mountain of tech debt that will come knocking one day.
What gets enshrined into law is a function of what powerful people in the society want enshrined. And these companies, their executives, and their beneficiaries are infinitely more powerful than individual users. In many ways the legal system is a compromise that companies tacitly agree to in order for legal/police protection in exchange for not hiring mercenaries and rebelling, as they do in some countries. The legal system has to serve their interests, or else powerful people would revolt. When they do revolt either violently or nonviolently, the laws shift and a new compromise is achieved. Or they just choose not to follow the laws and the state doesn't call them on their bluff, or if they do, it is only an entry-point to negotiation. Thus the current state of laws are a continuum of compromises between power players.
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