This is a video from my YouTube channel, Jack’s World.
In this video, I make the case that, of all the jobs artificial intelligence could replace, CEO should be at the top of that list. In recent years, CEOs in general have generated headlines for all the wrong reasons. With the ongoing advancements in AI, this is one job for which we should be actively trying to remove human flaws.
Filed under Artificial Intelligence, Jack's World, television, YouTube
In general, I’m in favor of capitalism.
I believe people have the right to work, buy, sell, and do business as they see fit. There certainly need to be rules. No social, economic, or political system can function without rules that are fair and well-enforced. That’s not a political statement. That’s just cold, hard realism.
In that same mold, I am not in favor of unmitigated capitalism in the mold that most libertarians and conservatives envision. I do not believe corporations, businesses, and industries should be given excessive leeway when it comes to dealing with fraud, failure, or environmental destruction. There needs to be some level of regulation to curtail the excesses of the market.
In my youth, I used to be a lot more libertarian in my views on how much or how little capitalism should be regulated. But as I’ve gotten older, I’ve become more aware of just how dangerous unfettered capitalism can be. You need only deal with Comcast’s customer service for any length of time to be convinced of that.
Now, I’m at an age where I feel like I’ve reached a new crossroads with respect to my view of capitalism. I won’t say I’ve completely lost faith in it or the idea. But I’ve seen way too many instances of big corporations doing objectively evil things to not be critical. And when they get in bed with political institutions, that evil only compounds.
Seriously, there are companies and state governments colluding to roll back child labor laws. This is not a joke. These companies want to make children work for them because it’ll result in greater profits.
This brings me to billionaires. They are the most celebrated figures in all of capitalism. They’re regularly ranked and whenever someone else becomes the world’s richest person, it generally makes the news. Like many others, I often celebrated their achievements too. I used to think that making a billion dollars, let alone over $100 billion, took a special kind of drive.
I admit I was wrong about that.
Now, I don’t think that billionaires, as a class, should even exist.
That may sound like a radical position. It’s often a talking point that comes up among those on the extreme left of the political spectrum. And those who espouse anything close to it are often ridiculed as being anti-business, anti-American, or outright communists.
Those criticisms are bullshit, by the way. They’re also just a distraction to avoid the distressing implication about billionaries.
To understand, just take a moment to appreciate how much more a billion dollars is than a million dollars. I know those three extra zeros might not mean much to most people. But in simple mathematical terms, the gap is vast. In case you need something visual, here’s a quick image to help illustrate the concept.
Again, it’s not a trivial difference.
But if you need another way to conceptualize just how big a billion dollars is, consider the following.
One million seconds is about 11 days. Most of us can grasp that length of time.
One billion seconds is 31.5 years. That’s a third of an average person’s lifetime.
I hope that helps belabor the point because with that now in mind, ask yourself one critical question.
Is it humanly possible for anyone to work hard or long enough to justify having a billion dollars?
In the past, I might have considered that a dumb question. But now, I would answer that question with an emphatic no. I don’t care how smart, skilled, capable, or dedicated anyone is. The idea that someone even could work hard enough to earn a billion dollars just doesn’t work.
Again, look at the visuals above. The difference between a million and a billion is extreme.
It also helps to think back to the hardest, most laborious job you ever worked. Whether it was working in fast food, construction, or retail, just think about how hard that job was and how much it paid you. Now, consider how hard your boss worked and how much they got paid. Did the extent of their work actually reflect their salary?
In some cases, it might. But in most, I doubt it. Apply that to how much more billionaires make compared to even senior managers at a company and the disparity becomes even more absurd. If that doesn’t convince you, then maybe this video highlighting a speech by Jesse “The Body” Venture will.
Beyond just the work, take a moment to think about what it would take to spend that kind of money. How many houses could you buy that you could reasonably live in? How many yachts or ships could you buy and actually use in any meaningful extent? How much fancy jewelry could you buy and actually wear?
I’m sure there are those who think they could spend a billion dollars with ease. I doubt those same people truly understand how much more a billion dollars is compared to a million. And even if they could, it would take real, considerable effort to spend that kind of money in a single lifetime.
There’s also the argument that billionaires donate a lot of money to charity and that effort is worth their massive wealth. I used to think there was value in that too. But I’ve also come to see that endeavor as little more than virtue signaling laced with tax avoidance.
And finally, there’s the idea that billionaires are somehow special and they have a unique set of skills that somehow warrants them having that kind of wealth. That’s partially true, but not in a good way. If you just look at how most billionaires made their money, you’d notice that a lot of them either involve inheriting wealth that they didn’t do a damn thing to earn or being exceedingly ruthless in exploiting the labor of others and/or avoiding taxes.
On top of that, those with that level of wealth can literally afford to manipulate the system, legally and illegally, to ensure that their wealth and status is preserved. Whether it’s through tax loopholes or lobbying for laws that benefit them (and only them), billionaires can basically shape the world as they see fit, even if it hurts people, the environment, and everything in between.
Even if you’re in favor of capitalism, it’s hard to deny the corrupting factors that just a few billionaires could have. No system can work when it’s so top-heavy that just three people have more wealth than the bottom half combined. You can still have a functional, vibrant capitalist system that encourages entrepreneurs and wealth creation. You can also have a system that allows for billionaires. But you cannot have both.
As an alternative, I propose this.
Once you make a dollar over $999,999,999, that money gets taxed at 100 percent. And every year, the government sends you a nice trophy that says “Congratulations! You won Capitalism!”
If that much money and the trophy is still not enough for you, then you’re not just greedy. You’re an asshole and you can’t be trusted with millions of dollars, let alone a billion dollars.
Filed under Current Events, politics
Imagine that you’re young, low on money, and in need of a quick buck. You do a few side-gigs, like drive a taxi or do some yard work. You make some money up front. You’re grateful for it. You wish you didn’t have to do it, but you still did and you’re ready to move forward with your life.
Now, imagine that same work you did ended up making someone else a boatload of money that continues to flow in, even though you’ve long since finished your part. Maybe while mowing the lawn, you discovered a priceless artifact under a tree stump. Maybe while driving a taxi, your car became the site of an infamous crime. Anyone with a white 1993 Ford Bronco SUV can attest to that.
With those ideas in mind, let’s talk about Mia Kalifa. If you don’t know who that is, just ask any straight man with an internet connection and a suspiciously large supply of tissue boxes. You might not get an honest answer, but rest assured, she’s a known public figure and not just because she has over 15 million followers on Instagram.
One of the reasons why she has so many.
She’s worth talking about, but not because she’s a former porn star who still garners a great deal of popularity, despite having not worked in the industry for years. Recently, she made the news after revealing that, even though she was one of the most popular porn stars in the world for a time, she made a total of $12,000 for her entire career.
For someone who was that successful in an industry that’s already exceedingly crowded by an abundance of content, that just doesn’t seem to add up. Most working people make more than $12,000 in a year, even if they’re paid minimum wage. They even get to keep their clothes on. What’s going on here?
There is a context to that story. By her own admission, she was in the industry for about three months. She only got paid a flat rate of about $1,000 for each scene she did and, given how few she ended up doing, it’s still more than minimum wage. She basically made $12,000 for approximately two weeks of work. Ignoring, for the moment, that the work involved making porn, it’s not a terrible rate.
However, what stands out most about her story is that she continues to generate money for the companies that initially paid her. To this day, those scenes she shot still generate traffic for popular sites like PornHub and that traffic still makes its parent company, MindGeek, some additional profit.
Most people don’t know, or want to know for that matter, that the most popular porn sites and studios are owned by MindGeek. Think of any site your significant other won’t admit to visiting. Chances are, they own it. They’re basically the Amazon of porn. They’re so big that there really isn’t a close second.
It’s because they’re so big that Ms. Kalifa’s story isn’t unique. Most people who enter the porn industry, be they male or female, have to go through MindGeek in some form or another. They’re basically a monopoly and because of that, they can get away with shady practices, such as underpaying workers or short-changing them with fine print.
Listed above are sites few will admit to knowing.
Most porn performers, including Ms. Kalifa, only get paid a flat rate per scene. They basically function as independent contractors, which means they’re not salaried employees who get benefits. They’re basically Uber drivers, but with sex. Unlike Uber drivers, though, the top performers can actually make a lot more, but they’re the exception and not the norm. Most performers are in Ms. Kalifa’s situation.
It’s not a situation unique to porn. Other elements of the entertainment industry have used similar practices for years. The music industry has plenty of examples of successful artists who sell millions of albums, but still go bankrupt because most of that money went to the companies they worked for rather than the artists themselves.
It even happens in the comic book industry. Few individuals have created and drawn more iconic character than Jack Kirby, but because he was a work-for-hire, he didn’t technically own his creations. The companies he worked for, both Marvel and DC Comics, owned them. As a result of this, there were some lengthy legal battles with Kirby’s estate. Not surprisingly, the companies won.
Think of any industry that involves performing or creating some kind of art. There’s a good chance that there are cases where someone creates something that becomes successful, but the creators themselves don’t profit from it. Only the companies profit.
Again, there’s a context to that. In industries like music, the top one percent of performers earn over three-quarters of the revenue. Most creative endeavors fail to turn a profit. As someone trying hard to break into the publishing industry, I can attest to how common failure and rejection are. These industries, as shady as their practices might be, need to make a profit and that often requires enduring many losses.
That’s exactly why Mia Kalifa’s story matters. It doesn’t just shed light on the less glamorous aspects of the porn industry. It highlights how the actual people behind popular media don’t reap as much of the benefits as we think. For porn stars, current and former, that’s made even harder by the stigma and taboos surrounding the industry. Ms. Kalifa endured those unpleasant elements more than most.
It’s a system that’s only getting worse. There was a time when porn stars could make considerably more money and even earn some residual income from the booming DVD market. Thanks to the advent of streaming media and excessive piracy, that’s no longer the case. It’s why many porn stars are turning to escorting or licensing products.
Given the dirty nature of the business, few politicians or advocates will loudly proclaim they want to help the people in the porn industry. The last few years have been very difficult for anyone in the sex industry. Laws are making sex work more restrictive and more dangerous to everyone involved. Performers will end up with the stigma, but the companies will get most of the profits.
To some extent, what happened to Mia Kalifa’s career is a microcosm of what’s happening to entertainment in general. We’re currently in an era where big companies are acquiring as much intellectual property as possible. Companies, be they major movie studios or porn producers, have a vested interest in controlling the content at the cost of the performers.
Since so few entertainment products turn a profit, these companies have too much incentive to short-change performers and creators. There’s no law that requires companies to give performers a small percentage of future earnings. There’s no law that stops them from exploiting the content created by performers, even if those same performers don’t want to be associated with the work anymore.
Given the money and influence of these companies, that’s not likely to change anytime soon. However, Mia Kalifa did us all a service by making people aware of this very flawed system. The fact that she did this while fully clothed and being brutally honest in a world that lives in alternative facts might be her best performance to date.
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