Via Denyse as usual, Dembski analyzes what Google is really doing.
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As Google characterizes its mission, it is to “organize the world’s information and make it universally accessible and useful.” And how better to make it universally accessible and useful except to repackage it and present it as self-contained items of information that can ignore the creator of the information. It’s a zero-sum game: to the degree that Google is sending consumers to a creator’s website, the creator is missing out on what consumers can spend with them. Moreover, with the recent rise of LLMs and AI, Google can rationalize that it is adding value by running through content of others and enabling a chatbot like Bard or ChatGPT to rewrite and upgrade the content. “We’ll take what you did and make it better.” What’s not to like except by those who created the content in the first place.
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This understanding of AI is already widespread. Applying it to Google’s basic search is original.
It’s part of the trend toward securitizing everything. In 2009 the securitizing of mortgages blew up, and the criminals were rewarded instead of punished.
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Climate is securitized weather.
How does securitizing work with mortgages? The actual brokers sell mortgages to big investment banks, who mix thousands of mortgages together into a bond, and apply special statistical methods to make the bond appear safer than it really is. Then the big banks conspire with rating agencies to give the bond a Triple-A rating. Then the big banks sell pieces of the bond to unwitting suckers.
And how does securitizing work with weather? The actual measuring stations feed their weather measurements to big data banks, who mix thousands of readings together into a climate, and apply special statistical methods to make the climate appear warmer than it really is. Then the big data banks conspire with the academic journals to give the climate a Peer-Reviewed rating. Then the big data banks sell pieces of the climate to governments in return for ever-increasing grant money.
And at the junction of the two, we have the Carbon Credit fraud, which is financial securitization based on the fraudulent numbers of the climate securitization. Criminal derivatives based on criminal derivatives, just what the Wall Street Mafia loves.
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In the old business model, a publisher would buy a copyright from an author, or a manufacturer would buy a patent from an inventor, or a baker would buy wheat from a farmer. The maker would then process the raw material into many copies of books or brooms or bread, then sell the copies, making a profit from the value added.
In the new model, Google picks up text and art WITHOUT PAYING FOR IT, then mixes the art together into a TBS (text-backed security) and then distributes it and makes a pure profit, WITHOUT PAYING FOR THE RAW MATERIAL.
This goes beyond MBS because the MBS-mixers had to PAY banks for the mortgages they were mixing and jumbling. Google doesn’t PAY for value. Mixing and copying and distributing are normal parts of real business, but real business PAYS for the source.
Polistra's Mill 