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Culture War Roundup for the week of November 9, 2026

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Horrible governance. Shareholders have no voting power and few rights. You are subordinate to the founders (51% voting rights), to the foundation, and to humanity in general. Even if Anthropic takes over the light cone, it will never pay a dividend.

I'm not sure this is a con, in terms of shareholder value (I don't love Anthropic taking over the light cone, but in the meantime there's a lot of money to be made). The founders are ASI-pilled; the general market is clearly not. And if I'm investing in Anthropic (which I likely am), I want it to be a pure ASI bet. The founders will pursue that relentlessly, to the point of bankruptcy. If shareholders had a say, you'd have some guy at a pension fund who knows nothing about AI contributing to governance, possibly resulting in a strategy that is incoherent and doomed to failure.

I would be curious what studies have been done on how governance affects share price, profits, etc, though even if they showed weak shareholder power led to worse outcomes it probably wouldn't change my opinion on the AI lab case.