#jimchalmersmp — Public Fediverse posts

While Karen Middleton spins a tale of deja vu about the Treasurer's address to ANU alumni, one sentence that she quoted was a magnet to me:

"... it will take leadership to build a new economy powered by cleaner and cheaper energy and turbocharged by AI."

I shuddered after reading it. Was #JimChalmersMP referring to the #KoolAid driven #LLM #GenAI slop in his speech? I fervently hope not. And if not, he ought to know that AI is nothing new, has been around for decades, helping professionals with highly effective diagnostic tools. And this is why I was arrested by the sentence in the first place... maybe Jim has drunk the koolaid too...

Source:
https://insidestory.cmail19.com/t/r-l-tkthjtul-nuikumtyk-h/

#AusPol #GenAISlop #LLMGarbage #ExpensiveChatBots #SaveUsFromSlop #Enshitification

“Where has the RBA been for the past 18 months as businesses have maintained and increased profit margins by passing on external, supply-side cost increases to consumers? (Well, it’s spent it in an increasingly embarrassing denialism about the role of greedy businesses in pushing up inflation — despite its central banking colleagues in the US and Europe and institutions such as the OECD and the International Monetary Fund detailing the precise role of profits in the current bout of inflation.)” And “greedflation” has not only been reported by independent news outlets (Crickey News in this case) it’s been regared as facts worldwide in news and central banks alike. Ipso facto, the RBA is captured by the corporate system and discredited neo-liberal economic theorists. Time to pull the RBA back into the real world by introducing legislation to regulate it. Let’s put ‘our’ economy back into ‘our’ hands. #JimChalmersMP

“Where has the RBA been for the past 18 months as businesses have maintained and increased profit margins by passing on external, supply-side cost increases to consumers? (Well, it’s spent it in an increasingly embarrassing denialism about the role of greedy businesses in pushing up inflation — despite its central banking colleagues in the US and Europe and institutions such as the OECD and the International Monetary Fund detailing the precise role of profits in the current bout of inflation.)” And “greedflation” has not only been reported by independent news outlets (Crickey News in this case) it’s been regared as facts worldwide in news and central banks alike. Ipso facto, the RBA is captured by the corporate system and discredited neo-liberal economic theorists. Time to pull the RBA back into the real world by introducing legislation to regulate it. Let’s put ‘our’ economy back into ‘our’ hands. #JimChalmersMP

“Where has the RBA been for the past 18 months as businesses have maintained and increased profit margins by passing on external, supply-side cost increases to consumers? (Well, it’s spent it in an increasingly embarrassing denialism about the role of greedy businesses in pushing up inflation — despite its central banking colleagues in the US and Europe and institutions such as the OECD and the International Monetary Fund detailing the precise role of profits in the current bout of inflation.)” And “greedflation” has not only been reported by independent news outlets (Crickey News in this case) it’s been regared as facts worldwide in news and central banks alike. Ipso facto, the RBA is captured by the corporate system and discredited neo-liberal economic theorists. Time to pull the RBA back into the real world by introducing legislation to regulate it. Let’s put ‘our’ economy back into ‘our’ hands. #JimChalmersMP