Tech billionaires have a dystopian goal of financializing the world. The rise of prediction markets are a big part of that, says Ryan Broderick at Garbage Day:
Last month, Tarek Mansour, the co-founder of Kalshi, gave the audience at the Citadel Securities conference a chilling glimpse of where this is all headed (if we let it). “The long-term vision is to financialize everything and create a tradable asset out of any difference in opinion,” he said on stage to a crowd of poor souls who, I guess, think that sounds dope.
Mansour’s “financialize everything” line is, in many ways, a condensed version of something Meta CEO Mark Zuckerberg said on a podcast last spring. A comment I come back to often because I believe he accidentally stated the fundamental driving philosophy of Big Tech. A perfect, succinct, unfathomably embarrassing snapshot of how a bunch of very wealthy losers view themselves:
“There’s this stat that I always think is crazy. The average American has three friends, three people they consider friends. And the average person has demand for meaningfully more. I think it’s like 15 friends or something,” he told podcast host Dwarkesh Patel, while talking about the rise of AI companions. “I think that there are all these things that are better about physical connections when you can have them, but the reality is that people just don’t have the connection and they feel more alone a lot of the time than they would like.”
Researcher Paul Fairie, on X at the time, had an even tighter summary of Zuckerberg’s worldview, “The average American has three eggs, but has demand for 15. So here are 12 photographs of eggs. I am a business man.”
The “here are 12 photographs of eggs” philosophy is everywhere you look. Not just at AI companies, but every large tech service. All of these platforms have inserted themselves into the cracks of modern life and want you to pay them — with your time, data, or actual money — for a hollow digital imitation of something we used to get from the other human beings in our lives. Or as X user r0sylns wrote recently, “Groceries? Get em delivered. Books? Buy em on amazon. Fuck libraries and bookstores. Stop buying CDs, vinyls, and DVDs, it’s all on the cloud! Movie theaters? Obsolete. Subscribe to 10 different platforms instead! Stay inside. Be afraid of your neighbors. Work til you die.”