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Even MAGA loves socialism now

16 August 2026 at 15:00

As you may have noticed, many members of the American media and political classes are currently rending their garments in terror and despair at the perceived threat of “socialism.” It’s not at all clear what that word means in 2026, in this context or any other. 

It only helps a little to observe that whatever “socialism” is supposed to refer to these days, it doesn’t have much to do with an economic or political system where the state or the working class control the means of production. I’m sure we could find people out there who advocate that. Hell, I might be among them, if it were a remotely realistic possibility. But none of those people are prominent in the current (and long overdue!) internal power struggle within the Democratic Party and the American left writ large.

Come to think of it, you know who really wants state control of the economy, if only in an incoherent, ass-backward, “Mixed-up Files of Mrs. Basil E. Frankweiler” kind of way? Donald Trump, that’s who. For all his extended excoriations of Democrats as woke America-hating Marxist radical traitors, Trump has meddled more extensively and more directly in the economy than any Democratic president since Franklin D. Roosevelt. 

It’s clearly going too far to call Trump a socialist, largely because profoundly corrupt autocratic or oligarchic regimes like his cannot easily be captured in ideological categories. He’s definitely not a democratic socialist (or a constitutional democrat of any other variety). But there’s no way around the fact that his fantastical DIY presidency has consigned conventional right-wing ideology about the sacredness of free-market capitalism to the proverbial dustbin. Let’s put it this way: Romanian dictator Nicolae Ceaușescu called himself a socialist; legendary Argentinian president Juan Perón did not. Trump belongs on the same historical shelf as those guys, if only as a wannabe.

Almost everything about Trump’s management of the economy during his second term, and pretty much everything else, has been disastrous. But even if we assume that the epic personal and institutional graft of his presidency will not survive his departure, he has created a haphazard regime that’s so deeply enmeshed in fossil fuels, Big Tech and AI, rare earths, pharmaceuticals, shipbuilding, semiconductors and the weapons industries that no one will be able to disentangle it anytime soon. 

It’s going too far to call Trump a socialist. But his fantastical DIY presidency has consigned conventional right-wing ideology about the sacredness of free-market capitalism to the proverbial dustbin.

As Indiana University scholar Sarah Bauerle Danzman told Foreign Policy in 2025, it’s “jarring” to encounter “a Republican administration embracing state capitalism in a way we haven’t seen in a long time, while all the time decrying ‘socialism.’” According to more recent reporting in Forbes, the federal government now holds equity stakes in roughly 30 different companies across a range of industries. “What started with a ‘golden share‘ in U.S. Steel,” writes Keith Johnson of Foreign Policy, “has morphed into a government takeover of vast swathes of the economy,” best exemplified by capricious tariff policies that seem motivated by the president’s personal whims and grievances. As libertarian economist Tad DeHaven tells Johnson, since all this “is driven by one man’s personal desires, there is no plan and no strategy. It changes by the day.”

Fanatical Republicans from deep-red districts can keep staging government shutdowns and preaching the defeated gospels of Milton Friedman as much as they like. But it’s difficult to imagine any future GOP putting the genie all the way back in the bottle and entirely undoing this unexpected turn to oligarcho-socialism or state capitalism or, ahem, national socialism or whatever else it might be called. The Econ 101 term would be “dirigisme,” which was coined to describe the highly interventionist, quasi-socialist economy that rebuilt France after World War II and has more recently been applied to China, Singapore, South Korea and so on.

This raises the amusing possibility that the mainstream Democratic Party — always ready to turn itself into the punchline of historical irony — will once again end up holding the bag for a set of policies supported by their donor class and literally no one else. More than 70% of registered Democrats, according to a Fox News poll taken in March, say that capitalism is “not working very well or not working at all.” So naturally the party leadership seems prepared to go to the barricades to defend it.

 

To be entirely fair, in some cases the centrist moral panic over “socialism” seems to refer to rational or at least straightforward electoral concerns. Fairly or otherwise, mainstream Democrats convinced a tiny plurality of Wisconsin voters that gubernatorial candidate Francesca Hong was too much of a humorless leftist to survive exposure to the mythical but coveted “median voter” in November. They may well have been correct; we don’t get to re-run the experiment and find out.

But in other instances, such as Zohran Mamdani’s historic victory in New York in 2025 and a series of Democratic primary wins by progressive or socialist-aligned candidates in that city and across the country, the hysteria has more to do with generational and attitudinal change — yeah, I’m sorry, with a vibe shift — than with specific policy proposals or ideological labels. 


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On one level, it seems incredible that deep-dyed Democratic insiders like James Carville or former DNC chair Jaime Harrison are surprised that their party, which collectively decided to “resist” the second coming of Trump by doing absolutely nothing and steadfastly ignored the scale of Israel’s war crimes in Gaza for as long as possible, is seen as hopelessly weak by its own voters. Carville recently called for a “schism” (a delightfully old-fashioned word) within the Democratic Party, and Harrison has urged the so-called socialists to leave the Demo-normies alone and “focus on building the party you actually support.” That old saw about being careful what you wish for comes to mind.

Guys like James Carville and Jaime Harrison were raised on ancient fables of the ideological excesses of the 1960s and ‘70s, and no doubt still get misty-eyed over Bill Clinton and the “New Democrats” of 1992.

On the other hand, there’s nothing especially mysterious about those attitudes. Those guys and others like them were raised on ancient fables of the ideological excesses of the 1960s and ‘70s, and no doubt still get a bit misty-eyed over Bill Clinton and the “New Democrats” of 1992. Don’t stop thinking about tomorrow!

Their version of the Democratic Party eagerly devoured the devil’s candy, in the form of unbreakable partnerships with Madison Avenue, Wall Street and Silicon Valley and closed-door, $10,000 fundraising dinners in East Hampton and the Napa Valley. There’s no escape from that kind of political bargain on this side of the apocalypse. 

They have always viewed left-wing opposition as childish and contemptible, but not far below the surface they have dreaded the day it rises up to bite them in the ass and destroy their glorious temples of political triangulation. That day has now come, and they are in danger of becoming the last advocates of a faith that both the right and left have abandoned. They can only hope that Donald Trump’s corruption and incompetence will save them from their own. 

 

The post Even MAGA loves socialism now appeared first on Salon.com.

The best Mario Kart build is an economics problem from 1900

10 August 2026 at 23:17
Mario Kart Pareto frontier — Photo by Syced, CC0 (Wikimedia Commons)

Mario Kart 8 asks you to pick a driver, a kart body, tires, and a glider, and each category has dozens of options with their own speed, acceleration, handling, and weight. Antoine Mayerowitz's interactive guide to the Pareto frontier sorts the resulting thousands of builds with a method an economist developed over a century ago. — Read the rest

The post The best Mario Kart build is an economics problem from 1900 appeared first on Boing Boing.

China cut its oil imports in half. No one knows why.

4 August 2026 at 22:50
China oil imports — Joe Mabel / CC BY-SA 4.0 (Wikimedia Commons)

When Iran shut down the Strait of Hormuz five months ago, experts predicted oil could spike to $150 or $200 a barrel. It has barely topped $100. According to Rogé Karma, writing in The Atlantic, the reason may be China, which abruptly cut its oil imports by half. — Read the rest

The post China cut its oil imports in half. No one knows why. appeared first on Boing Boing.

Pluralistic: The (real) dead economy theory (17 Jun 2026)


Today's links

  • The (real) dead economy theory: Vibes and memestocks, all the way down.
  • Hey look at this: Delights to delectate.
  • Object permanence: Jim Baen has had a stroke; Blame Apple for iTunes DRM; France v the internet; "Rotters"; 1901 undersea cables; Washington Post wants Trump coverage blackout; Taxes are for the little people; Gamer lifecycle; Ghanian postal song; "What Lies Beneath the Clock Tower": Murder of Jo Cox; 12 year old doxed by anti-vaxers; Hong Kong bookseller recants forced confession.
  • Upcoming appearances: LA, Menlo Park, Toronto, NYC, Philadelphia, Chicago, London, Edinburgh, Brighton, South Bend.
  • Recent appearances: Where I've been.
  • Latest books: You keep readin' em, I'll keep writin' 'em.
  • Upcoming books: Like I said, I'll keep writin' 'em.
  • Colophon: All the rest.



The Federal Reserve building, tilted at an eldrirtch angle, wreathed in mist. In the foreground looms an abandoned cemetery. Overhead flies a blood-red moon in a cloudy, ominous sky.

The (real) dead economy theory (permalink)

Here's a fun fact about Elon Musk: in 2020, his (nominal) net worth was $20b, and today it's $1t (nominally). But that's not the fun fact; this is: everything he's done since 2020 was a flop.

As John Quiggin writes, the pre-2020 Musk was the Musk of Tesla, batteries and Starlink. The post-2020 Musk is the Musk of Starship, robotaxis, Cybertrucks and Twitter – a string of commercial flops and assets that literally exploded. I would add that post-2020 Musk created the world's hungriest money-furnace, an automated child-porn production tool called "XAI":

https://crookedtimber.org/2026/06/15/one-big-grift/

Quiggin declares that this is the era in which "financial markets fail in the task of valuing assets accurately," and "the institutional structures that are supposed to make them work have given up trying." Nor did this start with the Spacex IPO. As Quiggin writes, Bitcoin and other cryptos were once shunned by nominally sober financial institutions like Goldman Sachs, but today, not only do all the big banks offer crypto services, people have largely stopped calling it cryptocurrency because no one is even pretending that it's a form of money. It's a tradeable collectible, not even particularly useful for paying for crimes or laundering money.

Spacex is just a continuation of the logic of crypto, in which something is valuable because some people think other people will pay more for it in the future, and not because it does useful things:

https://johnquiggin.com/2018/02/09/bitcoin-kills-the-efficient-market-hypothesis/

That's the logic of the whole market today. AI – the world's money-losingest technology – attracts investment at the expense of everything else. When horrified NIH lifers begged the DOGE boys not to shut down long-running medical research projects, Musk's broccoli-haired brownshirts laughed in their faces, saying we don't need cancer research because "GAI" is almost here and it will cure cancer. You could hardly ask for a better example of investing in vibes over value than shutting down real cancer research to free up money for teaching more words to the word-guessing machine because it's about to become God and cure cancer.

Today, Goldman Sachs isn't merely all-in on crypto – it's all-in on the Spacex IPO. As Quiggin writes, the bank has signed off on Musk's claim that "Musk's ragbag of assets" will grow one hundredfold in the next 40 months.

Quiggin's short essay has been rolling around in my mind since I read it a couple days ago. Then, yesterday, I spotted this essay by Owen McGrann entitled "The Dead Economy Theory":

https://www.owenmcgrann.com/p/the-dead-economy-theory

The perfect name for this phenomenon! Or so I thought. Then I read McGrann's article, and discovered that it's yet another piece asking how the economy will work after AI takes all of our jobs because AI is absolutely going to do that and there's no point in even questioning whether that will happen.

Look, thought experiments about how to deal equitably with labor displacement in the face of automation are all well and good. I'm a science fiction writer, that stuff is my bread and butter.

But applying "dead economy theory" to the blithe acceptance of the claims of AI pitchmen is a terrible waste of a killer coinage. The true risk of AI to your job isn't: "an AI will do your job." It's: "an AI salesman will exploit your boss's infinite horniness for replacing mouthy workers with pliable machines to sell him a chatbot that can't do your job, and then your boss will fire you and replace you with that inept, defective chatbot."

By the same token: the real "dead economy" risk isn't that all the productive labor will be done by chatbots owned by a habitual liar and eminently guillotineable billionaire like Sam Altman. The actual dead economy risk is that our institutions and markets will continue to move capital from productive activity into memestocks, vibes, and bubbles.

We could do "AI cancer research" by producing tools that automate gnarly multivariant analysis problems for cancer researchers. But what we're actually doing is defunding cancer research (especially any research into "systemic" cancer because studying systemic things is "woke") to free up fiscal space so we can build data-centers and make Musk into a trillionaire.

That's not just a dead economy – it's one that'll kill everyone you love and everything that matters.


Hey look at this (permalink)



A shelf of leatherbound history books with a gilt-stamped series title, 'The World's Famous Events.'

Object permanence (permalink)

#20yrsago Jim Baen, science fiction publisher, has had a serious stroke https://nielsenhayden.com/makinglight/archives/007658.html#007658

#20yrsago Why Apple is to blame for iTunes DRM https://web.archive.org/web/20060620004534/http://vitanuova.loyalty.org/NewsBruiser-2.6.1/nb.cgi/view/vitanuova/2006/06/15/1

#20yrsago Lifecycle of a gamer https://www.raphkoster.com/2006/06/16/the-lifecycles-of-a-player/

#20yrsago Spammer: I’ll buy MySpace profiles with more than 20k contacts https://web.archive.org/web/20060619062837/http://skibrooklyn.blogspot.com/2006/06/easy-money-sell-your-friends.html

#20yrsago Psychology of bad probability estimation: why lottos and terrorists matter https://web.archive.org/web/20060627174933/https://server1.sxsw.com/2006/coverage/SXSW06.INT.20060311.DanielGilbert.mp3

#15yrsago Copyright complaint kills Peanutweeter https://web.archive.org/web/20110620093750/https://www.wired.com/underwire/2011/06/peanutweeter-dmca-takedown/

#15yrsago Work song of Ghanian postal workers cancelling stamps https://blogfiles.wfmu.org/KF/0512/Ghana_Post_Office.mp3

#15yrsago What Lies Beneath the Clock Tower: steampunk choose-your-own-adventure https://memex.craphound.com/2011/06/17/what-lies-beneath-the-clock-tower-steampunk-choose-your-own-adventure/

#15yrsago French proposal: any URL to be arbitrarily blacklisted without due process https://www.laquadrature.net/en/2011/06/15/the-entire-internet-under-governmental-censorship-in-france/

#15yrsago Rotters: YA horror novel about grave-robbing chills, thrills, delights https://memex.craphound.com/2011/06/15/rotters-ya-horror-novel-about-grave-robbing-chills-thrills-delights/

#15yrsago Map of undersea cables from 1901 https://web.archive.org/web/20110220121138/http://www.dephx.com/2010/11/map-of-undersea-cables-from-1901.html

#15yrsago Copyright complaint kills Peanutweeter https://web.archive.org/web/20110620093750/https://www.wired.com/underwire/2011/06/peanutweeter-dmca-takedown/

#15yrsago Work song of Ghanian postal workers cancelling stamps https://blogfiles.wfmu.org/KF/0512/Ghana_Post_Office.mp3

#15yrsago What Lies Beneath the Clock Tower: steampunk choose-your-own-adventure https://memex.craphound.com/2011/06/17/what-lies-beneath-the-clock-tower-steampunk-choose-your-own-adventure/

#10yrsago Supreme Court ruling is a blow to copyright trolling business-model https://arstechnica.com/tech-policy/2016/06/attorneys-in-copyright-case-on-resold-textbooks-inch-closer-to-2m-payday/

#10yrsago The Orlando shooting, according to the Congressmen who took the most money from the NRA https://web.archive.org/web/20160617143716/https://theslot.jezebel.com/heres-how-the-congressmen-who-have-gotten-the-most-cash-1782083985

#10yrsago British Pro-EU MP murdered in the street by man shouting “Britain first!” https://web.archive.org/web/20160616212235/https://theintercept.com/2016/06/16/british-referendum-campaign-suspended-killing-pro-europe-lawmaker-jo-cox/

#10yrsago 12 year old makes devastating video about anti-vaxxers, gets doxxed https://skepchick.org/2016/06/anti-vaxxers-dox-a-child-critic/

#10yrsago Report from the prison-industrial complex’s leading trade show https://www.theguardian.com/us-news/2016/jun/16/us-prisons-jail-private-healthcare-companies-profit

#10yrsago Your cable operator is spying on you and selling the data from your set-top box https://publicknowledge.org/public-knowledge-defends-consumer-privacy-in-set-top-box-data-complaint-to-fcc-ftc/

#10yrsago Not robots: youth unemployment caused by late retirement, driven by pension precarity https://thebaffler.com/salvos/exit-planning-geoghegan

#10yrsago Oakland mayor denies firing police chief over officers who statutorily raped teen sex-worker https://eastbayexpress.com/badge-of-dishonor-top-oakland-police-department-officials-looked-away-as-east-bay-cops-sexually-exploited-and-trafficked-a-teenager-2-1/

#10yrsago Paramount tells judge that they’re still suing over Star Trek fan-film https://www.hollywoodreporter.com/business/business-news/paramount-says-star-trek-fan-903497/

#10yrsago $40,000/year private school sues school for low-income kids for $2M over “Commonwealth” https://www.bostonglobe.com/metro/2016/06/16/can-school-lay-claim-commonwealth-its-name-back-bay-institution-believes-can/WHwiaaPEn04cIY6uxXjoiO/story.html

#10yrsago Wisconsin Congresswoman: mandatory drug tests for anyone claiming $150K in itemized tax-deductions https://www.theguardian.com/us-news/2016/jun/16/gwen-moore-drug-test-rich-for-tax-deductions

#10yrsago Hong Kong bookseller: I was forced to confess on China TV https://www.bbc.com/news/av/world-asia-china-36552672#5yrsago

#10yrsago Washington Post calls for “blackout” on Trump coverage, appeals to RNC https://web.archive.org/web/20160615113350/https://www.washingtonpost.com/opinions/the-right-response-to-donald-trump-a-media-blackout/2016/06/14/2868a0e0-3256-11e6-8758-d58e76e11b12_story.html

#10yrsago Security economics: black market price of hacked servers drops to $6 https://www.wired.com/2016/06/xdedic-server-trading-forum-kaspersky/

#10yrsago Lower-case “x” as a gender-neutral typographic convention https://kottke.org/16/06/x-marks-gender-neutral

#5yrsago Taxes are for the little people https://pluralistic.net/2021/06/15/guillotines-and-taxes/#carried-interest


Upcoming appearances (permalink)

A photo of me onstage, giving a speech, pounding the podium.



A screenshot of me at my desk, doing a livecast.

Recent appearances (permalink)



A grid of my books with Will Stahle covers..

Latest books (permalink)



A cardboard book box with the Macmillan logo.

Upcoming books (permalink)

  • "The Reverse-Centaur's Guide to AI," a short book about being a better AI critic, Farrar, Straus and Giroux, June 2026 (https://us.macmillan.com/books/9780374621568/thereversecentaursguidetolifeafterai/)
  • "Enshittification, Why Everything Suddenly Got Worse and What to Do About It" (the graphic novel), Firstsecond, 2026

  • "The Post-American Internet," a geopolitical sequel of sorts to Enshittification, Farrar, Straus and Giroux, 2027

  • "Unauthorized Bread": a middle-grades graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, April 20, 2027

  • "The Memex Method," Farrar, Straus, Giroux, 2027



Colophon (permalink)

Today's top sources:

Currently writing: "The Post-American Internet," a sequel to "Enshittification," about the better world the rest of us get to have now that Trump has torched America. Third draft completed. Submitted to editor.

  • "The Reverse Centaur's Guide to AI," a short book for Farrar, Straus and Giroux about being an effective AI critic. LEGAL REVIEW AND COPYEDIT COMPLETE.
  • "The Post-American Internet," a short book about internet policy in the age of Trumpism. PLANNING.

  • A Little Brother short story about DIY insulin PLANNING


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Pluralistic: The AI bubble isn't like the internet bubble (26 May 2026)


Today's links



The head and shoulder of a supine bearded man in a chambray shirt. He is tied down with ropes around his shoulders. Four tiny figures with suits and grotesque plutocratic heads are prying his mouth open by yanking at his hair and beard. Once of the men is shoving an evil robot into his mouth.

The AI bubble isn't like the internet bubble (permalink)

One of the surprise breakout software products of the early web was Lotus Notes, a kind of primitive precursor to all-in-one office productivity suites like GDocs, Office365, etc. It was so important that its creator, Ray Ozzie, was promoted to Microsoft's Chief Software Architect, succeeding Bill Gates himself:

https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/the-man-who-would-change-microsoft-ray-ozzies-vision-for-connected-software/

People who remember Notes tend to deride it for its clunky user interface and demi-functional administrative tools. But what made Notes so central to Microsoft wasn't its polish – it was the fact that Notes represented a brokered peace between IT managers, who wanted mainframe-like control over everything their users could do with business equipment, and the users themselves – workers who kept smuggling internet-based tools into the enterprise network on the very sensible grounds that they had a job to do, and these were the best tools to do it.

The arrival of internet-based tools – especially ones that ran in browsers – represented a major challenge to IT departments, who had been long accustomed to dictating terms to their users. If the IT manager and the compliance department decided that the best way to manage disclosure and leak risks was to block all email attachments for outside users, then that was that: no one could send those attachments.

But after the internet arrived on the corporate desktop, employees who needed to get documents to supply chain partners and customers could treat these IT policies as damage and route around them. Just fire up your Hotmail or Yahoo mail window, or hop on MSN Messenger or ICQ or AIM, or drop the file on an anonymous FTP server and send the link to your counterparty. Job done!

IT managers hated this, and to be fair to them, they weren't (always) wrong. These outside tools came from a variety of untrustworthy sources, including malicious sites that pushed virus-infected versions to their users. Also, by evading firewall rules with these tools, users made it impossible to achieve the compliance goals that IT had been charged with enforcing, and it was IT's asses on the line if the company got in trouble as a result.

Foundationally, IT was being asked to do two irreconcilable things: they were supposed to be enabling workers to get their jobs done, and they were supposed to be stopping those workers from doing things that could harm the business. This can't be done, because the only way to eliminate the possibility that a worker will take an action that harms the business is to gag that worker and lock them in a dungeon. Workers need flexibility and freedom to achieve business goals, and that flexibility and freedom means that those workers might (deliberately or accidentally) thwart the business's goals.

What's more, workers will always run into situations that were not anticipated by policy, and if they are denied any agency or initiative, they will fail to get their jobs done. In work, the exception is the rule, hence the importance of "process knowledge" (all the implicit knowledge shared among workers across the firm and its suppliers and customers, which cannot be captured or recorded):

https://pluralistic.net/2025/09/08/process-knowledge/#dance-monkey-dance

Indeed, there's a form of labor action called a "work to rule," in which workers only do the things dictated by their rulebooks, without taking any of the routine additional measures dictated by process knowledge. Merely by following every rule to the letter, workers can grind a shop to a halt:

https://en.wikipedia.org/wiki/Work-to-rule

Since the dawn of personal computers, workers and IT departments have come into conflict, as workers literally smuggled technology into the business that could do things the IT department had (often arbitrarily and capriciously) prohibited. When Visicalc emerged as the killer app for the Apple ][+, workers snuck these computers into work and used them to sort spreadsheets in ways that IT had declined to permit. They didn't do this to cheat or steal from the company – the whole point was to do a better job.

So it was with the early web: workers discovered a myriad of new capabilities in the free-to-use world of web-based tools and realized how these tools would make them much more effective at their jobs. The fact that IT wouldn't let them do these things was just more evidence that IT – and the managers who set IT's agenda – didn't understand the business as well as workers.

It didn't help that IT managers' first line of defense was the high-tech version of abstinence-only education: "You only think you need your work computers to do this, but really, you don't, so stop trying":

https://www.theguardian.com/technology/2009/jun/16/computer-security-abstinence

Abstinence-only education never works, but where "you only think you need this" failed, Lotus Notes succeeded. Lotus Notes provided a whole suite of tools that largely (if imperfectly) replaced the universe of free tools that workers were using to evade their IT departments' edicts, so they could get their jobs done. At the same time, Lotus Notes provided a set of management tools that let IT fine-tune how these tools worked, giving them (some) of the controls they needed to achieve their compliance goals.

Like all brokered peace settlements, Lotus Notes left both sides feeling like they'd made a compromise they could live with, giving up some of their goals, but keeping the things that really mattered to them.

It's impossible to overstate how important Lotus Notes and similar products were, because workers demanded the right to use the web on their work computers, and they made those demands so forcefully that managers had to completely re-do their IT policies, lest those workers treat them as damage and route around them. Back then, the tech press was full of stories about these conflicts, as workers insisted that the new technology that was sweeping the nation was so foundational and transformative that they had to be allowed to use it.

What we never saw back then were stories about how managers had to monitor workers to ensure that they were using the web as much as possible. No one had to force workers to find ways to integrate the web into their workflows.

In other words, the story of the web at work was the opposite of the story of AI at work. Today, you can't turn around without reading a story about bosses who are threatening to fire workers if they don't increase their AI usage:

https://www.businessinsider.com/boss-track-ai-use-career-2025-8

Virtually every major company now has a program to force workers into using AI:

https://www.cnbc.com/2026/05/05/ai-use-work-employee-monitoring-tech-surveillance.html

It's conceivable that over the past quarter-century, bosses have become technophiles while workers have fallen prey to superstitious technophobia, but it hardly seems likely. Historically, workers have always been enthusiastic about tools that let them do a better job – indeed, it's a truism that labor-led automation produces improvements in quality, while capital-driven automation increases throughput (often at the expense of quality).

Workers aren't the only typical early adopters who find AI lacking. As a group, teenagers and young adults hate AI:

https://www.nytimes.com/2026/04/09/style/gen-z-ai-gallup-study.html

That's not what it was like during the early web days. Back then, young people entering the workforce were passionate devotees of the web, to the point where the business press routinely ran articles asking how today's workplaces were going to adapt to the demands of these webbed-up workers.

https://www.nber.org/digest/apr03/internet-changes-labor-market

AI boosters insist that the deficits we see in AI – its lack of profitability, its primitive and error-riddled outputs – are no different from the shakedown problems of the early web (and we know how the web turned out!). But this is a profoundly flawed comparison: the early web and AI are very different from one another.

For one thing, the early web may have lost money, but it had great unit economics. Every new web user brought the web closer to profitability, as did every new use of the web, and every new generation of web technology. By contrast, AI has – in the memorable phrasing of Ed Zitron – "dogshit unit economics." Every new AI user makes AI less profitable, as does every new use for AI, and each generation of AI loses more money than the last. AI is the money-losingest endeavor in human history:

https://pluralistic.net/2025/09/27/econopocalypse/#subprime-intelligence

In other words, the early web was a technology that grew more profitable every day, which workers and young people had to force on their bosses – and AI is a technology that grows less profitable every day, and bosses have to force it on workers and young people.

Now, it's true that some workers don't have to be forced to use AI. Workers who enjoy a high degree of autonomy (that is to say, workers who are positioned to ignore workplace coercion) can adopt AI in ways that they feel suited to, just as those early web users and Visicalc smugglers did. They can fulfill the maxim that labor-driven automation improves quality, while resisting capital's insistence that automation be used to increase throughput at quality's expense.

They can act as centaurs (workers assisted by technology), not as reverse-centaurs (workers who are recruited to serve as peripherals for machines). As with all technology questions, what the technology does is nowhere near as important as who the tech does it for and who the tech does it to:

https://pluralistic.net/2025/09/11/vulgar-thatcherism/#there-is-an-alternative

And there's another group of workers who adopt AI voluntarily: workers who see that AI can do a lot of work that they view as dull and unimportant for them. These workers might be right – there are plenty of bullshit jobs out there:

https://memex.craphound.com/2018/06/20/david-graebers-bullshit-jobs-why-does-the-economy-sustain-jobs-that-no-one-values/

But it's also possible that they're wrong, and they're substituting AI for something that really should be done by a person.

But on the plus side, at least no one has to force them to adopt AI.


Hey look at this (permalink)



A shelf of leatherbound history books with a gilt-stamped series title, 'The World's Famous Events.'

Object permanence (permalink)

#25yrsago Website graveyard https://web.archive.org/web/20010516224100/http://www.disobey.com/ghostsites/

#20yrsago Canadian students ask govt to save them from copyright https://web.archive.org/web/20060629014007/https://action.web.ca/home/cfs/en_alerts.shtml?x=88910&AA_EX_Session=d56bebd39174d9839ec3ee5fa6fe93a4

#20yrsago Lifespan of best-sellers falls 6/7ths in 40 years https://web.archive.org/web/20060601231943/https://www.lulu.com/static/pr/05_19_06.php

#15yrsago Sarkozy’s false-flag E-G8 attracts withering scorn https://web.archive.org/web/20121109010803/https://arstechnica.com/tech-policy/2011/05/france-attempts-to-civilize-the-internet-internet-fights-back/

#15yrsago Tool reveals ISP traffic-shaping https://web.archive.org/web/20120514151210/https://arstechnica.com/tech-policy/2011/05/new-shaperprobe-tool-detects-isp-traffic-shaping/

#15yrsago Falun Gong sues Cisco over complicity in China’s “Golden Shield” – allege torture, murder https://web.archive.org/web/20110524065718/http://news.cnet.com/8301-1023_3-20065219-93.html

#15yrsago Scenes from Los Angeles’s teacher-librarian witch-hunt https://mizzmurphy.blogspot.com/2011/05/message-received.html

#15yrsago Denmark bans Marmite https://www.theguardian.com/theguardian/2011/may/24/uk-should-ban-sandi-toksvig

#10yrsago As mobile carriers ramp up bribery program, Internet coalition says no to “zero rating” https://web.archive.org/web/20160524233609/https://motherboard.vice.com/read/medium-mozilla-and-kickstarter-signed-a-letter-against-zero-rating

#10yrsago Philippines’ new “dictator” will give a hero’s burial to Ferdinand Marcos https://web.archive.org/web/20160526135257/http://www.msn.com/en-ph/news/world/philippine-dictator-marcos-to-get-heros-burial-duterte/ar-BBtnPJH

#10yrsago Judge handcuffs public defender for speaking out in court https://web.archive.org/web/20160525151444/http://www.reviewjournal.com/news/las-vegas/las-vegas-judge-handcuffs-public-defender-courtroom

#10yrsago Sanders donors flock to Tim Canova’s campaign against DNC Chair Debbie Wasserman Schultz https://edition.cnn.com/2016/05/23/politics/debbie-wasserman-schultz-primary-opponent-fundraising/index.html

#10yrsago Algorithmic risk-assessment: hiding racism behind “empirical” black boxes https://www.propublica.org/article/machine-bias-risk-assessments-in-criminal-sentencing

#10yrsago Plagiarism detection app vs Russia’s elites: 1-2 fake PhDs discovered every day https://www.slate.com/articles/news_and_politics/cover_story/2016/05/the_thriving_russian_black_market_in_dissertations_and_the_crusaders_fighting.html

#10yrsago Technology’s “culture of compliance” must be beaten back in the name of justice https://bb9.berlinbiennale.de/all-problems-can-be-illuminated-not-all-problems-can-be-solved/

#10yrsago Grass in the park at the center of San Francisco gentrification debate is now for rent https://sfist.com/2016/05/23/rec_parks_pilot_program_allows_you/

#10yrsago Lawsuit: Texas’s largest jail is full of people who are locked up for being poor https://web.archive.org/web/20160524134738/https://thinkprogress.org/economy/2016/05/23/3781076/texas-bail-lawsuit/

#10yrsago After the precariat, the unnecessariat: the humans who are superfluous to corporations https://morecrows.wordpress.com/2016/05/10/unnecessariat/

#5yrsago Watomatic, for lower Whatsapp switching costs https://pluralistic.net/2021/05/24/how-about-nah/#comcom


Upcoming appearances (permalink)

A photo of me onstage, giving a speech, pounding the podium.



A screenshot of me at my desk, doing a livecast.

Recent appearances (permalink)



A grid of my books with Will Stahle covers..

Latest books (permalink)



A cardboard book box with the Macmillan logo.

Upcoming books (permalink)

  • "The Reverse-Centaur's Guide to AI," a short book about being a better AI critic, Farrar, Straus and Giroux, June 2026 (https://us.macmillan.com/books/9780374621568/thereversecentaursguidetolifeafterai/)
  • "Enshittification, Why Everything Suddenly Got Worse and What to Do About It" (the graphic novel), Firstsecond, 2026

  • "The Post-American Internet," a geopolitical sequel of sorts to Enshittification, Farrar, Straus and Giroux, 2027

  • "Unauthorized Bread": a middle-grades graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, April 20, 2027

  • "The Memex Method," Farrar, Straus, Giroux, 2027



Colophon (permalink)

Today's top sources:

Currently writing: "The Post-American Internet," a sequel to "Enshittification," about the better world the rest of us get to have now that Trump has torched America. Third draft completed. Submitted to editor.

  • "The Reverse Centaur's Guide to AI," a short book for Farrar, Straus and Giroux about being an effective AI critic. LEGAL REVIEW AND COPYEDIT COMPLETE.
  • "The Post-American Internet," a short book about internet policy in the age of Trumpism. PLANNING.

  • A Little Brother short story about DIY insulin PLANNING


This work – excluding any serialized fiction – is licensed under a Creative Commons Attribution 4.0 license. That means you can use it any way you like, including commercially, provided that you attribute it to me, Cory Doctorow, and include a link to pluralistic.net.

https://creativecommons.org/licenses/by/4.0/

Quotations and images are not included in this license; they are included either under a limitation or exception to copyright, or on the basis of a separate license. Please exercise caution.


How to get Pluralistic:

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"When life gives you SARS, you make sarsaparilla" -Joey "Accordion Guy" DeVilla

READ CAREFULLY: By reading this, you agree, on behalf of your employer, to release me from all obligations and waivers arising from any and all NON-NEGOTIATED agreements, licenses, terms-of-service, shrinkwrap, clickwrap, browsewrap, confidentiality, non-disclosure, non-compete and acceptable use policies ("BOGUS AGREEMENTS") that I have entered into with your employer, its partners, licensors, agents and assigns, in perpetuity, without prejudice to my ongoing rights and privileges. You further represent that you have the authority to release me from any BOGUS AGREEMENTS on behalf of your employer.

ISSN: 3066-764X

Pluralistic: Bubbles are REALLY evil (07 May 2026)


Today's links



The royal carriage of king Louis Philippe is burned in front of the Chateau d'eau during the French revolution of 1848, Paris 24th February 1848.

Bubbles are REALLY evil (permalink)

I am on record as saying that every economic bubble is terrible, but some bubbles do at least leave behind a salvageable productive residue while others leave behind nothing but ashes; indeed, this is the thesis of my next book, The Reverse Centaur's Guide to Life After AI:

https://us.macmillan.com/books/9780374621568/thereversecentaursguidetolifeafterai/

Here's a historical comparison that's illuminating: Enron vs Worldcom. Both were monumental frauds, the CEOs of both companies died shortly after the frauds were discovered, but they have very different legacies. Enron – a scam that pretended to secure billions of dollars' worth of new efficiencies through "energy trading" but was actually just engineering rolling blackouts in order to jack up energy prices – left behind nothing.

Well, not quite nothing. Enron did leave behind a little useful residue after it burned to the ground: a giant repository of emails. You see, after Enron went bust, it was sued by its creditors, who demanded access to relevant emails from the company's Outlook server. But the company execs decided they didn't want to spend the money to weed out the irrelevant emails before the court-mandated disclosure, so instead they published all the emails ever sent or received by anyone at Enron, including tons of extremely private, personal, sensitive information relating to Enron's employees and customers:

https://en.wikipedia.org/wiki/Enron_Corpus

This became the "Enron Corpus" and it was the first large tranche of emails that were in the public domain and available to researchers. As a result, it became the gold standard dataset for researchers investigating social graphs, natural language, and many other subjects that subsequently became very important computer science fields and commercial applications.

As legacies go, the Enron Corpus is pretty small ball, and even so, it is decidedly mixed, both because the Enron Corpus constitutes a gross, ongoing privacy violation for a huge number of people; and because a lot of that social graph and natural language work that it jumpstarted has been put to deeply shitty purposes.

Then there's Worldcom: also a gigantic fraud, Worldcom falsified billions of dollars' worth of orders for new fiber optic lines, and it then dug up streets all over the world and installed them. When Worldcom went bankrupt, all that fiber stayed in the ground, and many people are still using it today. My home in Burbank has a 2GB symmetrical fiber connection through AT&T that runs on old Worldcom fiber that AT&T bought up for pennies on the dollar.

So while you have to squint really hard to find any benefit that can be salvaged from Enron, it's really easy to point at Worldcom's productive residue – it's a ton of fiber and conduit running under the streets of major cities around the world, ready to be lit up and bring the people nearby into the 21st century. Fiber, after all, is amazing, literally thousands of times better than copper or 5G or Starlink:

https://pluralistic.net/2026/04/07/swisscom/#stacked

Even though Enron's CEO Ken Lay and Worldcom's CEO Bernie Ebbers both received prison sentences after their fraud was revealed, the bubbles never stopped, and indeed, they only got worse. AI is the biggest bubble in human history, worse even than the South Sea Bubble:

https://en.wikipedia.org/wiki/South_Sea_Company

And like those earlier bubbles, some of our modern bubbles will leave behind nothing, while others will leave behind some productive residue. Take the cryptocurrency bubble. Crypto will go to zero, and when it does, all it will leave behind is shitty monkey JPEGs and even worse Austrian economics:

https://www.web3isgoinggreat.com/

As with Enron, you can find some productive residue from cryptocurrency if you look hard enough. A lot of programmers have had a heavily subsidized education in Rust programming and cryptographic fundamentals, both of which are unalloyed goods in our otherwise very insecure digital world.

Some of the underlying mechanisms from crypto are useful, even without blockchains. Take Metalabel, a system that lets collaborators on creative projects automate how they handle revenues from those projects by plugging DAO-like logic into traditional, dollar-based bank accounts. They're recycling some of the tooling from the crypto bubble to create a very useful utility, without the crypto:

https://www.metalabel.com/

But, as with the Enron Corpus, this is pretty small ball. The world has flushed away hundreds of billions to get paltry millions' worth of value out of crypto – the rest of that value disappeared into the pockets of crooked insiders who defrauded the public into parting with their savings.

If crypto will be Enron-like in its post-bubble life, what about AI? I think AI is more like Worldcom: there's a bunch of useful stuff that AI can do, after all. Take away the bubble and we'd call the things AI can do "plug-ins" and some people would use them, and others wouldn't, and some of those uses would be productive, and others would be foolish, but we wouldn't bet the world's economy on them, nor would we squander our last dribbles of potable water to cool their data centers.

After the AI bubble pops, there will be a lot of durable residue. The data centers will still stand. The GPUs will still be there, and if we don't "sweat the assets" by running them as hot and hard as they can tolerate, they won't burn out in 2-3 years. There will be lots of applied statisticians, skilled data-labelers, etc, looking for work. And there will be lots of open source models that have barely been optimized (why make an open source model more efficient when you're raising capital based on the promise of outspending everyone else in order to dominate a world of ubiquitous, pluripotent, winner-take-all centralized AI?):

https://pluralistic.net/2025/10/16/post-ai-ai/#productive-residue

That's a situation not unlike the post-dotcom bubble of the early 2000s. Almost overnight, the legion of humanities undergrads who'd been treated to subsidized training in perl, Python and HTML found themselves looking for work. Servers could be purchased in bulk for pennies on the dollar (with user data still on them!). I bought a "dining room set" of six $1,000+ fancy office chairs for $50 each (still wrapped in plastic!) from a dotcom founder who was selling them on the sidewalk out front of his failed startup's office in the Mission. He offered to sell me ten lifetime's supply of branded t-shirts for $20. I turned him down.

That was the birth of Web 2.0. All of a sudden, people who wanted to make real things that were good could do so, because they could find skilled workers, hardware, and office space at such knock-down prices that they could be funded out of pocket or put on a credit card. People got to pursue the web they wanted, free from asshole bosses and VCs. Not everything that got built in those heady days was good, but many good things got built.

I can easily imagine that the post-bubble AI scene will produce benefits comparable to Web 2.0 – projects built by and for people who want to do useful and fun things, without being distracted by the mirage of illusory billions promised by the stock swindlers who created the bubble.

I can easily imagine that I will find some of those post-bubble tools useful, and that in 20 years I will still be using them, just as today, I am still using some of those early post-dotcom bubble services and tools.

And despite all that, IT IS NOT WORTH IT.

The residue that is left behind by every bubble is subsidized, but that subsidy doesn't come from the deep-pocketed investors who are gripped by "irrational exuberance." It comes from mom-and-pop, normie, retail investors who have been tricked into giving their money to the insiders who inflated the bubble.

From Worldcom to Enron, from crypto to AI, the point of the bubble wasn't ever the residue or lack thereof – it was a transfer from working people to crooks. Bubbles are a system for moving the painfully sequestered life's savings of people who do things to people who steal things.

Since the Carter years, workers have been forced to flush their savings into the stock market, after the traditional "defined benefits pension" (that guarantees you an inflation-adjusted sum every month until you die) was replaced with 401(k)s and other "market-based pensions" (where you only get to survive after retirement if you bet correctly on the movement of stocks):

https://pluralistic.net/2022/05/29/against-cozy-catastrophies/

Despite this having all the appearances of a rigged game – finance industry insiders are always going to be better at betting on stocks than teachers, nurses, janitors and other productive workers – proponents of this system always insisted that workers weren't really the suckers at the table. But the stock market is like Kalshi or Polymarket in that one bettor's losses are another bettor's gains, and in those markets, nearly all the money is harvested by less than 1% of bettors:

https://www.coindesk.com/markets/2026/04/29/a-tiny-group-is-winning-on-polymarket-as-under-1-of-wallets-take-half-the-profits

Somehow, supposedly, we could beat those insiders and survive into our old age without having to eat dog food or become a burden on our kids by betting on the whole market, through index-tracker funds:

https://pluralistic.net/2022/03/17/shareholder-socialism/#asset-manager-capitalism

Supposedly, this would "diversify" our portfolios, which would insulate us from risks we could not understand, much less estimate. But thanks to private equity and the AI bubble, betting on "the whole market" is basically "betting on AI." 35% of the S&P 500 is tied up in seven AI companies, who are engaged in the obviously fraudulent (and Worldcom-adjacent) practice of passing the same $100b IOU around really quickly and pretending it's in all their bank accounts at once:

https://www.fool.com/investing/2025/11/05/ai-growth-stocks-is-there-still-room-to-run/

When the AI bubble pops, it will vaporize (at least) 35% of the US stock market and wipe out everyday savers who have been swindled into betting their futures on AI, based on the fraudulent representations of AI pitchmen. Millions of people who worked hard all their lives and deprived themselves of small comforts in order to save for their retirement will be wiped out. They will be made dependent on the Social Security system that Republicans are determined to starve into bankruptcy and then turn into (yet another) "market based system" that you will be required to convert into chips at the stock market casino where you're up against professional players who hold all the cards:

https://www.newsweek.com/major-social-security-change-proposed-to-build-wealth-11727844

Annihilating a third of the stock market will have severe knock-on effects, even though the median US worker only has $955 saved for retirement:

https://finance.yahoo.com/news/955-saved-for-retirement-millions-are-in-that-boat-150003868.html

Because wiping out the life's savings of everyone else will tank consumption for a generation. Retirees who have to sell their family homes to pay their medical bills won't be buying breakfast at the local diner or catching a Tuesday night movie. They won't be indulging their grandkids with nice birthday presents or helping their own kids buy their first home.

Worse still: the only thing our society knows how to do about economic catastrophe (for now, anyway) is to impose brutal austerity, and austerity drives voters into the arms of fascist strongmen, who blame all their woes on a scapegoated minority in order to win office, and then steal everything that's not nailed down:

https://pluralistic.net/2026/04/12/always-great/#our-nhs

Which is all to say, there's a world of difference between recognizing that the AI bubble is the superior sort of bubble in that it will leave a productive residue, and endorsing the AI bubble as a productive or morally acceptable way to produce that residue. It's one thing to anticipate salvaging something useful out of a catastrophe, and another thing altogether to deliberately induce or prolong that catastrophe so as to maximize the amount of salvage.

The swindlers who created this bubble are crooks who have set out to destroy the futures of a generation of savers. They are monsters, and their bubble needs to be popped as quickly as possible.


Hey look at this (permalink)



A shelf of leatherbound history books with a gilt-stamped series title, 'The World's Famous Events.'

Object permanence (permalink)

#20yrsago Judge mocks FCC’s legal argument for wiretapping VoIP https://web.archive.org/web/20060512141440/https://www.eff.org/deeplinks/archives/004638.php

#20yrsago Podcasting saved from the UN — for now https://web.archive.org/web/20060603152220/https://www.eff.org/deeplinks/archives/004637.php

#15yrsago Two billion people and the royal wedding: pretty damned unlikely https://www.gyford.com/phil/writing/2011/05/06/2-billion-viewers/

#15yrsago Mozilla tells DHS: we won’t help you censor the Internet https://torrentfreak.com/homeland-security-wants-mozilla-to-pull-domain-seizure-add-on-110505/

#15yrsago Foxconn workers forced to sign promise not to commit suicide due to working conditions https://memex.craphound.com/2011/05/05/foxconn-workers-forced-to-sign-promise-not-to-commit-suicide-due-to-working-conditions/

#15yrsago Shannon’s Law: a story about bridging Faerie and the mundane world with TCP-over-magic https://reactormag.com/shannons-law/

#15yrsago Green Army men with PTSD https://www.wearedorothy.com/collections/artworks/products/casualties-of-war

#10yrsago Deep Insert skimmers: undetectable, disposable short-lived ATM skimmers https://krebsonsecurity.com/2016/05/crooks-go-deep-with-deep-insert-skimmers/

#10yrsago How standardizing DRM will make us all less secure https://www.eff.org/deeplinks/2016/04/standardized-drm-will-make-us-less-safe

#10yrsago Excellent advice for generating and maintaining your passwords https://www.wired.com/2016/05/password-tips-experts/

#10yrsago Amid education funding emergency, Washington State gives Boeing, Microsoft $1B in tax breaks https://jeffreifman.com/2016/05/05/forget-boeing-microsofts-tax-break-costs-776-million/

#5yrsago MRNA vaccines and Clarke's Law https://pluralistic.net/2021/05/05/clarkes-third-law/#indistinguishable-from-magic

#5yrsago Stimmies killed the McJob https://pluralistic.net/2021/05/05/clarkes-third-law/#precariat-nostalgia

#1yrago Bridget Read's 'Little Bosses Everywhere' https://pluralistic.net/2025/05/05/free-enterprise-system/#amway-or-the-highway


Upcoming appearances (permalink)

A photo of me onstage, giving a speech, pounding the podium.



A screenshot of me at my desk, doing a livecast.

Recent appearances (permalink)



A grid of my books with Will Stahle covers..

Latest books (permalink)



A cardboard book box with the Macmillan logo.

Upcoming books (permalink)

  • "The Reverse-Centaur's Guide to AI," a short book about being a better AI critic, Farrar, Straus and Giroux, June 2026 (https://us.macmillan.com/books/9780374621568/thereversecentaursguidetolifeafterai/)
  • "Enshittification, Why Everything Suddenly Got Worse and What to Do About It" (the graphic novel), Firstsecond, 2026

  • "The Post-American Internet," a geopolitical sequel of sorts to Enshittification, Farrar, Straus and Giroux, 2027

  • "Unauthorized Bread": a middle-grades graphic novel adapted from my novella about refugees, toasters and DRM, FirstSecond, April 20, 2027

  • "The Memex Method," Farrar, Straus, Giroux, 2027



Colophon (permalink)

Today's top sources:

Currently writing: "The Post-American Internet," a sequel to "Enshittification," about the better world the rest of us get to have now that Trump has torched America. Third draft completed. Submitted to editor.

  • "The Reverse Centaur's Guide to AI," a short book for Farrar, Straus and Giroux about being an effective AI critic. LEGAL REVIEW AND COPYEDIT COMPLETE.
  • "The Post-American Internet," a short book about internet policy in the age of Trumpism. PLANNING.

  • A Little Brother short story about DIY insulin PLANNING


This work – excluding any serialized fiction – is licensed under a Creative Commons Attribution 4.0 license. That means you can use it any way you like, including commercially, provided that you attribute it to me, Cory Doctorow, and include a link to pluralistic.net.

https://creativecommons.org/licenses/by/4.0/

Quotations and images are not included in this license; they are included either under a limitation or exception to copyright, or on the basis of a separate license. Please exercise caution.


How to get Pluralistic:

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"When life gives you SARS, you make sarsaparilla" -Joey "Accordion Guy" DeVilla

READ CAREFULLY: By reading this, you agree, on behalf of your employer, to release me from all obligations and waivers arising from any and all NON-NEGOTIATED agreements, licenses, terms-of-service, shrinkwrap, clickwrap, browsewrap, confidentiality, non-disclosure, non-compete and acceptable use policies ("BOGUS AGREEMENTS") that I have entered into with your employer, its partners, licensors, agents and assigns, in perpetuity, without prejudice to my ongoing rights and privileges. You further represent that you have the authority to release me from any BOGUS AGREEMENTS on behalf of your employer.

ISSN: 3066-764X

❌