The Internet as Television
blairreeves.me
blairreeves.me
There was a really interesting article on Polygon recently[1] about how making video games is basically impossible now. There are so many developers making so many great games. Studios with 3 hits in the past go bankrupt off of a 4th game which is (only) alright.
But what's the alternative? We go back to a world where connections and your parents determine how far you can go? That's no good either!
The scary thing about the efficient market hypothesis is that it basically guarantees a feedback loop of people pushing themselves to the edge, farther and farther out, in order to do what they like.
[1] https://www.polygon.com/2018/9/28/17911372/there-are-too-man...
This is not what meritocracy is about. Meritocracy is about achievements, not just working hard.
You might say, "by labor I mean the difficulty of accomplishing the task when operating at the greatest possible efficiency," but an idealized, infinitely smart programmer could write perfect, bug-free code as fast as they could type, and an ideal physicist could make all possible theoretical inferences instantly.
Socially necessary labour is defined as labour performed under normal ("averagae") conditions of production using tools of average production potential. At least in the Marxian schema (which I'm not really here to defend) skilled difficult labour is only a greater magnitude of simple, unskilled labour. For Marx, the quantitative relationship between them (and indeed between value and socially necessary labour time) was not only not necessary to derive, but arguably impossible in a complex economy. The important part was that it worked. Value works "behind the backs" of participants in an economy to shift their labour to more profitable regions of the economy.
I'd recommend Cockshott et al.'s "Classical Econophysics" chapter on Value which clears up a lot in the Ricardian and Marxian schemas: http://ricardo.ecn.wfu.edu/~cottrell/ecn265/value.pdf
Quoting from your link,
>For the modern reader an alternative version of Smith’s calculation may seem more natural: the ‘labour commanded’ by a commodity represents the time you would have to work (say, at the average wage) in order to buy the commodity. In both cases – Smith’s version and the modern one – the calculation of labour commanded is the price of the item divided by some measure of the wage, usually an average.
Clearly, N hours of work at an average wage W is just a roundabout way of expressing a quantity of money NW, and from there Smith believed in market pricing.
On the whole, though, I dispute the notion that the LTV must be abandoned; you are already starting from the position that a bowl full of celery is a good thing, but I'd say that we'd do just fine with the Doritos, and the case for a bowl of celery lacks the explanatory power of the bowl of Doritos.
My advice is that if one is going to talk about political economy (or the history of economics) then one ought to read the text themselves rather than assuming caricatures as if the proponents of such theories were truly idiots. Smith, Ricardo and Marx were extremely intelligent people.
At the very least, it seems ignorant to discuss a theory while not taking into account the established literature on the topic.
In other words, the utility of the work.
Running four laps on a quarter mile track gets you nowhere (same as digging a hole) but it’s obvious to see one experiences physical gain from performing such an activity.
As far as I know, when the term was coined by Michael Young it was not intended to be a positive at all. To me it's strange that people see it as a positive, even in the theoretical principle, which for better or worse never actually manifests itself in real life.
Meritocracy turns out to be a lot like the harm principle - it is in a sense "hollow"[0], a principle which everyone would agree with, and to be used like a vessel to carry existing ideas (the definition of merit, absence of the effect of societal and external factors, that those with more merit can and will use their power wisely and justly etc.), which are taken as givens; any existing structure is deemed to be constructed through merit if the person advocating meritocracy is well positioned within it. A structure is not meritocratic if the person is not positioned well within it. Its proponents continually add ad-hoc specifications to the conception of merit.
For instance, when people point out that those who work hard aren't at the top, the response is "working hard is not working smart, and only working smart has merit", even in cases where there is little scope to "work smart".
When people point out that merit is hard or even impossible to objectively quantify in the case of several branches of a project that depend on each other, the response is that certain branches of the project (usually the factors the respondee is responsible for) are more worthy of merit than others.
When people point out that the concept of pure equality of opportunity is untenable because it requires correcting discrimination already in society, and that new inequalities arise with regard to ownership of assets even if everyone starts off with the same, the response is that the system is already set up the way it ought to be and we shouldn't worry about the process by which merit is accrued.
[0] Smith, Steven Douglas, The Hollowness of the Harm Principle (September 2004). U San Diego Legal Studies Research Paper No. 05-07.
The same exact thing would happen in a world of "pure equality of opportunity".
A lot of them are doing just that too (playing golf and delegating most of the work), all across the globe, in very rich positions.
But that's a red herring. Even the other stuff, meetings, negotiations, decisions, etc, are part of what they do by choice, not as work in the way billions of people do work.
Unless you'll go hungry or homeless if you've stopped working, you're not working, you're just doing what you want to do in the way you want to do it.
go back? I don't believe we ever left such a world behind. but this probably varies across different cultures.
I think the premise of his argument is that that’s her income as “wild success in the field of (musicians)”, not “reasonably successful in the field of (cellists)”.
Disintermediation is the cellist being able to sell on iTunes for $0 to anyone in the world, compared to having to ink a record deal and get lucky just to be in record stores.
What we wanted to see was people buying 90% of the time from smaller shops, directly from producer websites, direct artists sites, and so on.
Instead, the intermediation is just what happens the 10% of the time, which is probably even worse than what happened pre-internet (when e.g. music fans in England would get most of their music from indies, not from Spotify and co).
As a publisher of the medical technologies news website (since 2004), I can tell you that what we have now is monopolized internet. Few entities, like Google and FB, took over the internet and crafted the landscape to their advantage. They monopolized ads revenue, search traffic, and they are actively spying on the general public, taking away any possible advantages from publishers and creators. So website for doctors cannot make money by advertising to doctors. Doctors will see Google ads on Candy Crush game. The result is a dearth of advertising money for creators. Google and FB own the biggest slice of internet money...
In the olden days we had websites and blog networks being born, Gawker, Weblogs Inc, TechCrunch network, political networks, etc etc. And what do we have now? Central stations with fake news shenanigans and retarded memes. While publishers, including your local newspaper and your favorite websites, are struggling. And your privacy is being exploited.
Google or facebook doesn't care which creators get paid. They actually want a variety of creators to get paid. The large news and media companies care greatly.
Vox, huffingtonpost, etc are media that are fairly new and they thrived in an open environment. But they are struggling because large established news and media companies have pressured google and facebook into giving them preferential treatment. So traffic that may have gone to vox, huffingtonpost, etc in the past is now being redirected to the nytimes or cnn.
You may have a medical technologies site, but if google or facebook has to favor large news sites over smaller specialized sites like yours, then you simply won't be getting much traffic.
Look at youtube. It's now mostly CNN, SNL, John Oliver, Will Smith, etc recommendations. Look at google news. Go look at reddit and any other social media platform. What used to be a user driven platforms are now traffic drivers for large media companies.
This is why it's so strange to see smaller players supporting the established media in attacking social media. What do you think will be the outcome? Social media is going to serve large media corporations.
Facebook nor google cares whether your medical site or the nytimes gets the view. They are middle man taking a slice of the ad revenue. They used to be pretty fair and showed the most relevant results. If your article had more traction than the nytimes article, your link would rank higher than the nytimes. Now, it's almost certain that the large established media companies will get the first billing.
Discovery is fundamentally hard because its success is judged by two parties whose interests align on paper -- for publishers to find a receptive audience, and for a consumer to find enjoyable content -- but the market is so vast that a missed match isn't just that, but often a match for a different pair. And consumer attention is vast, but ultimately finite, in that it suffers from oversaturation and requires novel and exciting experiences to stand out from a sea of similar offerings.
So platforms use recommendation algorithms to try and guess the sort of stuff every person likes, and try to surface content they're more likely to appreciate, instead of surfacing something completely random. Content that's brand new has no data on its audience, so a chicken-or-egg problem occurs where popular content can bubble toward its most fitting audience, often growing until it can't, while never-before-seen content languishes in a popularity vacuum, desperate for out-of-band help.
The classic out-of-band help is word of mouth. Sponsored, promoted content is a kind of in-band help, allowing platforms to make money and producers to jumpstart their exposure, but has the same structural properties as popularity: those most equipped have the potential to rise the most, while those least-equipped are disadvantaged once more.
Particularly with YouTube, I've recently gotten the feeling that their algorithm has pigeon-holed me into a couple different interests, and I rarely see videos outside those recommended to me. Even if it were just a slider from "our best guess <------> throw in some risky recs", it would feel a lot better.
Facebook and Google are only "gatekeepers" to the extent their users treat them as such.
It's easier than ever for individuals to self distribute their own content. It costs less than $10 a month using Dreamhost (or dozens of others) and PayPal (or Square). Unless it's illegal or highly controversial nobody's going to shut it down.
Very much a dreamer I see. This basically can’t happen and he nailed why at the beginning. It WAS a thing for the small minority, outsiders, geeks. It will never go back to that.
Does make an interesting point though. That most of us here remember life before the internet (assuming demographic here is older than Reddit), but for 20-somethings that do not... fundamentally they MUST see it as something totally different than I do.
More like how people my age see electricity, of course it’s always existed and always will, it just makes sense it’s always been there. We don’t appreciate the work it must have taken or that anyone made decisions to shape it what it is today, nor that it could be “done wrong” or used to be better, because if mistakes were made surely someone would have fixed them by now!
Pandora attempted this, and for me, it worked. I think Pandora succeeded because they took the effort (in the Music Genome Project) to understand how to categorize music, so they could build a really good recommendation engine.
That being said, I used to listen to Death Cab and I'm not sure what to recommend either. Maybe Andrew Bird?
I think the lesson to be learned here is that recommendation engines are difficult.
Knophy.com is going to change the way we think about monetizing content. I haven’t posted on SHOWHN yet as I’m not quite finished with the prototype, but check it out and please email me at my username at gmail.
Our thoughts (from what I can tel in this article) and goals greatly overlap and I’d love to work with you both as a creator and to get your feedback on how the site works for you.
It’s absolutely time we give the power back to the individual, and that is the core philosophy of Knophy.
Oh, and also-all of this necessarily NEEDS to be open source and as decentralized as possible. So few can’t possibly be looking out for the betterment of the many.
Remember how the TV media pretended Ron Paul didn't exist whenever he ran for president and was doing well in polls? (Daily Show clip: https://www.youtube.com/watch?v=dWet2SbU07c)
Similar windows of premeditated thought are being applied to the internet all the time; but the Jon Stewarts of the world that would point them out don't get to leverage the legitimacy of Viacom to avoid being called an old coot.
Though I suspect you'll still be downvoted for complaining about downvotes (which is against the guidelines here).