I always enjoy Pachy’s column. This week’s is no exception, but this little intro nugget really caught my eye. I use and like Stripe as well on our website. I had no idea of the magnitude of their success/impact. They were a startup not so long ago:
“Stripe’s mission is to increase the GDP of the internet, and it’s working. Last year, 1.3% of global GDP flowed through Stripe, over $1.4 trillion and growing. 78% of the Forbes AI 50 use Stripe’s financial infrastructure to monetize faster, experiment with pricing, and grow revenue.”
Am I the only one feeling that, at the moment, the people who are free to do "whatever they want" are only free because other people work their ass off doing something they'd rather not ? And I can't exactly square how automation would help that - automation would be made by machines, sold by rentiers, who therefore need people to pay the rent even if they don't want to.
A cycle of labor at best, serfdom at worst (not to mention slavery) seems very hard to break. At some point, will the zucks of the world just "give away the work of robot" because energy is so cheap ?
LOVED this post; particularly 3-5
I always enjoy Pachy’s column. This week’s is no exception, but this little intro nugget really caught my eye. I use and like Stripe as well on our website. I had no idea of the magnitude of their success/impact. They were a startup not so long ago:
“Stripe’s mission is to increase the GDP of the internet, and it’s working. Last year, 1.3% of global GDP flowed through Stripe, over $1.4 trillion and growing. 78% of the Forbes AI 50 use Stripe’s financial infrastructure to monetize faster, experiment with pricing, and grow revenue.”
Thanks Greg!
They’re wild numbers. Increasing the GDP of the internet!
Am I the only one feeling that, at the moment, the people who are free to do "whatever they want" are only free because other people work their ass off doing something they'd rather not ? And I can't exactly square how automation would help that - automation would be made by machines, sold by rentiers, who therefore need people to pay the rent even if they don't want to.
A cycle of labor at best, serfdom at worst (not to mention slavery) seems very hard to break. At some point, will the zucks of the world just "give away the work of robot" because energy is so cheap ?