In a capitalist economy, absolute levels of value creation and productivity take a backseat to relative competitive advantage. That's why jo…

In a capitalist economy, absolute levels of value creation and productivity take a backseat to relative competitive advantage. That's why jobs still exist despite 150 years of intense automation. As long as hiring someone represents a non-zero advantage for firm A in its competition with equivalent firm B, that person will have a job, regardless of how much automation these firms use or what their productivity rate is. What gets missed with AI productivity gains is that by and large, most roles will continue to be as sophisticated as the tools allow. This is why also thinking through “today’s jobs will be replaced with AI” is a fallacy. Everyone thinks the market is static, but it’s not. As a r…

In a hypothetical world where literally everything could be automated at no cost (we're very far from that), everybody would work in interpe…
The role of memorization and knowledge is to cache & reuse past cognitive work. It should be leveraged as a way to speed up cognition, not a…
The quality of your thinking is a multiplier for the amount of progress you make at each iteration. But the dominant factor behind success i…
To score 100% on a game, you just need to beat the median action efficiency of an unfiltered pool of random people. Easy if you're a bit sma…
Exactly. The number of iterations you do is far more important than the amount of 'thinking' you do. It doesn't matter how intelligent or kn…
Constraints are the catalyst of invention. An infinite search space leads to paralysis. The most creative inventions happen when you are for…

Source: Francois Chollet (X) | 2026-04-20

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