I agree, thanks for clarification. I did not want to argue in favor of Socialism - my criticism here is that „free market correction instruments“ like antitrust, monopoly etc are absent.
We see the fundamental forces of capitalism at work: To justify valuation, Google needs to grow. When they feel a ceiling, they broaden their search to anything legal that makes customers pay - even if it contradicts their longterm interests. This created countless attack angles for startups.
The good news: we already have a solution! Monopoly laws. In case of the internet, no company should be able to have this much power.
The bad news: US decided to weaponize big tech’s leverage over the world and does not enforce these laws anymore that fix vanilla capitalism.
I love it. Ofc it‘s unclear if and how this can be enforced, but we MUST find a proper solution to this problem.
It also extends to images and videos. ML should not become an escape hatch for copyright evasion. We invented copyright for a reason - without it, our capitalistic system is flawed and unfair. Not in a sense that it‘s not „nice“: each system has its stress limits, and if we bias the odds continuously in favor of few, we risk instability.
Part of the story why we can‘t feel the hypothetical productivity gains of the last century is that certain goods became 1. more expensive and 2. last shorter.
This movement (as mentioned in the tractor example) might be the result of people realizing this: what drives GDP (expensive throw away crap) might not always drive wealth.
Exactly. It sounds like a detail that you can‘t eat and drink while you‘re in VR - but for casual experience it‘s friction and you resort back to a screen.
I worked on a software that offered VR as a feature. The user‘s started enthusiastically with eg. dedicated VR rooms. But it became clear that the immersive delta to a screen is surprisingly low. We‘re all trained to immerse into 2D screens on a daily basis. If you then observe how people are ridiculed while wearing a VR headset by their colleagues or how people with complicated hair style hesitate wearing a headset: then you understand why it‘s just not a good fit for B2B.