Because once upon a time it was with pride you could point out all the ways your democracy was different than “theirs”.
Now you’re just condemning what you’ve already done. Why should anyone respect it? At some point you loose respect and eventually you just look confused.
> The law was enacted without consulting the Hong Kong legislature and gave authorities broad powers to charge and jail people they deemed a threat to the city's law and order, or the government's stability.
The UK throwing a very big rock at a thin glass house.
I don’t agree with any such laws in any country, but I think it’s important to point out the hypocrisy here
The author points out that the sheer scale of what you generate in that 7 seconds is so vast that you’ll have plenty of time to generate the next tile even when moving at extreme speeds. So your only problem is the first tile, which you can pre compute at the very beginning.
A lot of that innovation benefits only YouTube . Also these other innovations (recommendation system, translations etc) existed before YouTube.
There are definitely innovations from the big companies but not “key” innovations.
In the article it looks at innovation from a national level. I.e new products and services, and methodology.
The scaling you describe is great but its only impact is within YouTube, and it’s not unique. Every other company of that size has also figured their own way to scale. No one was depending on YouTube for this.
Almost everything can be termed innovation, but we need to be mindful that we are trying to justify the existence of monopolies. Ie “society needs them otherwise we couldn’t figure it out”. With that the threshold for innovation increases quite a bit.
Yes, there are a lot of situations where that is true. And as you say industrial projects, and I assume you specifically mean heavy industries, like building a new type of airliner. I agree.
But when it comes to information technology those situations are far and few in between.
Hear me out. What if it’s not capitalism as a whole but one specific facet. Debt.
> In the liberal fantasy, spearheaded by Adam Smith, bakers, brewers and butchers laboured within markets so cut-throat that none could make more money than the bare minimum necessary to keep their small, family-owned businesses running.
In a cash only capitalism world that you can’t conspire to have more than you earn. You earn what the market earns.
But debt suspends capitalism long enough for someone to “beat” the market. And when capitalism resumes you have this perverse player operating under exceptional circumstances.
> Joseph Schumpeter … Progress he argued, is impossible in competitive markets. Growth needs monopolies to fuel it. How else can enough profit be earned to pay for expensive research and development
I know this to be false. Almost all the big tech companies consistently FAILED to bring about innovation through research. They instead had to acquire SMALLER companies and teams that had the innovation.
YouTube, Android, Instagram, WhatsApp etc…
And almost every other innovation was gained at the startup stage not the monopoly stage.
Worse still, EU isn’t actually a democracy. It’s an economic union. Which citizens voted for Vonderleyen? What power do EU citizens have over policies tabled in EU parliament? Who made the final choice on chat control?
Autocracy is what threatens EU democracy, not a check mark on a social media website.
So I don’t get called a Pro-Elon shill, I don’t like Elon, and think he is an ass. But he has done (maybe unwittingly) more for democracy on social media than his counterparts.
EDIT: Community notes might have been before Elon. So he only gets a half credit.
Tech enthusiast will judge ai based on what it gets right, we’re interested in what “can” do. Everyone else will judge ai based on where it fails, they are interested in what “problems” it “does” solve.
> a fluent conversation with a super smart AI that can generate any image/video is mindblowing to me.
They see:
A computer software generally unreliable and unable to accomplish basic tasks