The weird criticism that Big Tech is too digital
theweek.com
theweek.com
But on the whole I think most of the "gains" made through big tech are marginal. Marginal specifically because either:
A.) New tech companies create products primarily to make the tech industry more productive at building/maintaining/deploying systems
B.) New tech companies provide a small amount of value over a preexisting industry and transfer the industry into the tech sector (e.g. Uber/Lyft) through "disruption"
As a result, the industry has provided less overall growth and improvement to society than its raw potential, and at the same time has consolidated wealth as much as it has created it.
Uber was originally supposed to be a commute-sharing app that reduced heavy reliance on vehicles, making a dramatically more efficient use of resources and time. When it came around to executing on this, the real value-making proposition was to transfer and capture an existing market (ride-hailing/taxi services).
My prescription for a fix would be to emphasize computer literacy in the school system, encouraging the entire 12K public school system to introduce the idea of self-automation as a problem solving pattern for the general population.
In two generations, every sector of the economy will apply automation within their own ranks to eek out efficiency, rather than relying on software developers in California to understand their day-to-day and make an app to "disrupt" their industry.
You can't "crush code" and build a space elevator in a hackathon.
You can't hustle your way through a robot that collects, folds, and stores all your dirty laundry.
You can't build an O'Neill cylinder with a 2-year horizon of profitability.
Some problems are hard, expensive, and do not lead to fame or fortune in the short term. Startups are not structurally equipped to solve these problems, and perhaps public corporations aren't either. As it turns out, it is much easier to make money by solving (or inventing!) easy problems, and our culture currently views making money as a proxy for creating value for society. If you want a more exciting and ambitious future, we will all need to think further ahead than the next quarterly earnings report.
Good news! People are already throwing billions of dollars at companies with no earnings and no apparent prospect of them. I guess that problem is solved.
That’s linear thinking. Yes you can.
The context of a "Minimum Viable Product" is a mental model of products, markets, and profitability. There is a fundamental difference between the goal "cure cancer" and the goal "make money from a cancer cure". The perverse incentives and loopholes of the latter are a serious impediment to the former.
People celebrate Jonahs Salk because not only did he develop the polio vaccine but he rejected his opportunity to massively profit from it because it was more important that patients have access.
No company that develops a cancer cure these days would do that. Their shareholders would revolt, their boards would fire their exeutives, their stock prices would plunge, and their competitors would pile on.
The incentive is to continuously charge these people for the rest of their life. They make more money if you stay sick, so they can keep treating you.
If you are cured, then the flow of money stops until you get sick again.
If, however, after a lot of work, a cure seems elusive, it makes sense to focus on treatment. Both for the sinister reason that people pay more over a lifetime for treatments, but also for the less sinister reason that it's usually much easier to develop treatments than cures, and having a treatment and not having a cure is strictly better than not having a treatment and also not having a cure.
What is stopping them from discovering a cure, patenting it, and then never manufacturing it?
Also, this presupposes that the companies are actively trying to do evil. In reality, most people would rather have cancer cured than not cured. The profit motive can bend these incentives, but I think the caricature of a company full of amoral sociopaths making decisions to maximize human suffering are kind of... unrealistic.
So cure dog cancer. Regulatory burden would be far less, and everyone would love you (if it works...).
Neither one of you provided anything by way of supporting details, citations, etc. At least RTG expanded a little, but even that was just an explanation of why they felt the way they did, nothing even approaching proof.
Digital tech giants barely interact with other sectors of the economy in meaningful ways, the lack of economic or productivity growth after the computer era is well documented, and there would be tangible benefits from aiming resources and talent at sectors that interact with the material world and the economy at large.
The article also brings up Europe as an example that the lack of digital giants doesn't result in more progress, but that's actually not true. Infrastructure costs in Europe are significantly lower than in the US. One only needs to look at the transport sector in Germany or France and compare it to California's attempt to build high-speed rail. The US trails not only Europe but even countries like China in some key sectors.
Now building high-speed transport infrastructure for the masses might not make it into the next Pivot podcast or on the frontpage of techcrunch, but for the long term health of the economy and the general surplus for society is probably larger than more smartphone apps.
California is about the same size as Germany and less than half the population. Germany has several existing, historical train systems. California, less so. There's a lot going on in that case beyond just California having a lot of digital tech folks.
California is about 20% larger than Germany, in terms of land area, much longer when you look at the longest dimension. Germany is both substantially smaller and more compact for it's land area.
The author's conclusion "Silicon Valley will almost certainly keep playing a big role in them" is not well justified imho. Silicon Valley has failed in most its major promises in 2010s: VR, IoT, blockchain, Selfdriving robots (and soon satellite internet). Instead, the advertising money that is fueling its economy, is being recycled through SaaS/Paas companies that make the developers job ever-so-slightly easier, creating a closed, inward looking economy. IMHO , the real failure is the lack of ambitious consumer-facing tech
I think software infrastructure for hardware development is going to get better, but one of the biggest barriers is the small size of the open source hardware movement compared to open source software.
I started doing hardware but ran away, I feel it is a waste of developer time to even consider doing any custom hardware designs. People should be punished for even thinking about using FPGAs. Just don't do it.
Sorry for the rant, but I feel warning yall is my duty ;)