So nobody is responsible for a technology that runs all our digital systems…wtf fuck are we doing?
According to Ayn Rand, the favorite philosopher of the techbros, any regulation - including the most sensible ones - are made by mean and jealous people wanting to see kind and successful people fail.
Ayn Rand is just a bolshevik inverted, but this aside, maintaining responsibility of a person for what they do with a new tool is not regulation.
No, cause you see. Governments are violence and violence can only be used against direct violence (ie. shooting someone who shoots someone). Since this is social violence, that means that governments can’t do anything. If you don’t want unaccountable robot-run companies, you gotta bootstrap yourself to the highest echelon of society and stop it by being more efficient and profitable than them! /s
Gods, I hate how much I fell for that shit as a teenager
I still fall for “that shit” if you mean libertarianism and not Ayn Rand (of that author I have the same opinion I had when first reading her book, it’s hongweibing levels of intelligence).
Libertarianism is very strictly based on personal responsibility for one’s decisions. And someone playing with a “young nuclear physicist” set near others is being pretty much violent even when no accidents happen. Combining these two, it’s pretty direct violence.
That’s not allowing even for a moment the thought that a person who turned on a machine that made an effect on the world loses one bit of responsibility for that effect because they used a machine.
Racing to the bottom
wtf fuck
I choose to believe the first “f” stands for “fuckity”.
Isn’t one of their towns giving votes to corporations?
Like, what the hell Delaware? Why do you keep ruining things for the rest of us?
I think the entire state now allows corporations to vote.
Sounds like this will be used to break laws and avoid responsibility. Just point to the black box to avoid fines and jail. A loophole for society to decend in to lawlessness and more corruption.
If you drive drunk, that’s an offense even without causing road accidents. These people not only think this shouldn’t be so when offloading decisions to a text predictor with different patterns of mistakes, they also seem to seriously mention possibility there should be no responsibility when those mistakes happen.
Dr. Guillotine would like a word…
They’re really rushing to leave the bleakest cyberpunk distopia in the dust.
We’ve finally automated the one thing executives wanted most: plausible deniability. Profits go to the human owners, bad decisions go to the algorithm, and victims get to sue a corporate shell with a chatbot for a CEO. Delaware isn’t building the future of business. It’s building the ultimate accountability escape room.
Except nothing in this is plausible, just plenty of people who are not company executives want the same thinking they’ll get their shot at doing something with no responsibility.
I.e. delware’s rasion d’etre for decades anyway. A tax haven banana state with no identity beyond being the place people register businesses.
Delaware is the state where a bunch of companies are legally but not physically headquartered, ro evade state taxes and regulations.
States need to rethink their tax laws for companies: If you do business here, you pay taxes here.
My former employer was a Delaware corporation, the company still has to pay our state taxes.
According to Wikipedia: Delaware charges no income tax on corporations not operating within the state, so taking advantage of Delaware’s other benefits does not result in taxation. At the same time, Delaware has a particularly aggressive tax on banks that locate in the state. However, in general, the state is viewed as a positive location for corporate tax purposes because favorable laws of incorporation allow companies to minimize corporate expenditures.
So, yeah, I was oversimplifying.
The quote used as the title of the article isn’t accurate. The owner of the company would still be a human, so there would be a human at the helm.
I think he ment a human culpable for the actions of the company?
Which is strange since we don’t hold executives accountable in any meaningful way.
When is a human ever culpable for the actions of a company?
AI-run business could be beneficial if done for the benefit of all humanity. Instead, people are using it for personal gain at the expense of others.
We need to criminalize this type of greed so, so badly.
Of course it’s Delaware
For those who don’t know, delaware is basically three taxhavens in a trenchcoat pretending to be a state.
This move is Delaware taking a bold step into 21st century ways of hiding the crimes and wealth of the rich.
Anything except banking
Quick add AI to your bittorrent clients, and take deposits for your crypto/gambling exchanges!
The legal fiction of the corporate shield is leading our species to its doom. Profit without accountability encourages destructive behavior.
What do you mean by “corporate shield”? Are you referring to limited liability? Corporations are still accountable for the laws that they break.
Um, how? Corporations don’t care if they go under. They also don’t care if they commit genocide or are responsible for major industrial disasters.
I think they mean the corporate veil that is typically assumed, as in https://en.wikipedia.org/wiki/Piercing_the_corporate_veil
It provides a layer of liability protection for the personal assets of the humans behind the company when it comes to debts. But it also provides protection from criminal liability in many cases when it comes to horrible non-financial crimes.
What’s the better idea? Without that legal fiction, new businesses would grind to a screeching halt and the entrenched monopolies would be even more powerful, as if that isn’t the root of our economic problems already.
The answer is not letting any company grow into a monopoly. There are actual laws against that. Break up existing monopolies. Then make business owners way more accountable than they are today. I know it is hard to prove intent in fraud cases, but any sort of creative accounting, transfer of debt between companies, bonuses that aren’t in alignment with company performance, stock buybacks and other manipulations of valuation, and a myriad other obvious fraudulent behaviors should be punished with long prison time.
Isn’t Delaware a famous tax haven?
My first thought was Delamain.
Delaware is often used at a location for companies because it has a very well documented and court proven legal foundation.
It eliminates a lot of the uncertainty in running a business from a legal standpoint because most cases are already settled by someone else.
Texas is the new hotness from a tax standpoint cause it gets its money from other sources, like property tax.
Famous for hiding business owners and shielding them from legal consequences. I haven’t heard about them being a tax haven; they just have a really thick corporate veil.
this technology will get a lot of people killed and it will only stop when it destroys enough elite families.
So, basically just like human led companies?
