Yeah, the rules have kind of made the passive investment active. I don't understand OPs point at all. I don't understand why we suddenly change the rules and rush things, and OP has provided 0 justification for that.
Because the rules are clearly going to result in lots of buying pressure from passive indexes on a large stock with little time for price discovery.
Come on, let's be adults here. Is there a prior example of this on a comparable scale?
It's already well known that passive indexes bleed ~0.5% performance solely to front running and exploitation from the market. This is that writ large.
China buys 80% of Iran's shipped oil. But this affects the prices of pretty much anyone who imports oil - if China can't get oil from Iran, they'll purchase it from someone else. Less supply => higher prices for everyone.
It also affects China less, they have huge strategic reserve, and massive coal to petchem industry that only becomes economic after $80 barrel. AKA all other big industrial players are energy exporters who has pay spot price. High oil price = PRC competitive advantage on top of being able to brrrt EVs / batteries to displace oil.
This is all such wild display of fully absorbed propaganda, even your very first bullet point, just... incredible:
> Dismantling government bureaucracy/corruption
Trump has done more to benefit financially from the presidency, to offer access and influence to anyone who will funnel money into his enterprises or give him gifts, than any president in our history.
How could you possibly write this in good faith? When Trump said he could shoot a person on 5th avenue and people would still vote for him, do you recognize yourself at all in that statement?
o/ I'm a silent majority member for sure. I've seen these complaints before and I nod my head every time remembering that "Oh yeah, this DOES suck but I just put up with it because it happens so frequently and there ain't no way I'm switching ecosystems".
Sidenote: please Apple, if I type the same misspelled (but not) thing two times in a row, just leave it be. And no, I did not mean "what the he'll". And why is selecting text so hard.
Yeah right. AI art models can and have been used to basically copy any artist’s style many ways that make the original actual artist’s hard work and effort in honing their craft irrelevant.
Who profits? Some tech company.
Who loses? The artists who now have to compete with an impossibly cheap copy of their own work.
This is theft at a massive scale. We are forcing countless artists whose work was stolen from them to compete with a model trained on their art without their consent and are paying them NOTHING for it. Just because it is impressive doesn’t make it ok.
Copying a style isn’t theft, full stop. You can’t copyright style. As an individual, you wouldn’t be liable for producing a work of art that is similar in style to someone else’s, and there is an enormous number of artists today whose livelihood would be in jeopardy if that was the case.
Concerns about the livelihood of artists or the accumulation of wealth by large tech megacorporations are valid but aren’t rooted in AI. They are rooted in capitalism. Fighting against AI as a technology is foolish. It won’t work, and even if you had a magic wand to make it disappear, the underlying problem remains.
It's almost like some of these people have never seen artists work before. Taping up photos and cutouts of things that inspire them before starting on a project. This is especially true of concept artists who are trying to do unique things while sticking to a particular theme. It's like going to Etsy for ideas for projects you want to work on. It's not cheating. It's inspiration.
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