The side effects of an unfinished internet
neilpatil.me
neilpatil.me
Just as other tech has delayed Peak Oil for decades by finding more, and using what we find more efficiently, I think virtual goods should be able to reduce the resource burden of goods and services. Whether that has happened I am not equipped to say.
The theory of evolution guarantees that no asymptote based on this mechanism can persist over time. Populations that voluntarily extinguish themselves are replaced by other populations that don't.
This is not true in general. Much higher gas efficiency lowers the amount of gas that existing uses need. (Sending one cruise ship to the Azores takes less gas!) That reduced requirement means reduced demand. But it also raises the value of gas. (One gallon of gas does much more work than it used to!) That increased value means increased demand. Maybe we should start sending more cruise ships to the Azores!
But we're probably quite far from hitting limits to economic activity. Even when we hit limits for physical economic activity, as you note, there will be virtual economic activity. So I think as far as economic growth goes, we're probably very far from hitting a maximum.
We're likely closer to K/2 than K. Which is a good thing. But as the slow down to K happens (inevitably) things will get interesting.
The assumption that there are limits to the growth of the material economy is only true if we think of Earth as a closed system. It doesn’t have to be that way.
In fact, even if material growth stopped in its tracks this very day and never resumed, our current economic activity is more than enough to destroy the biosphere given enough time.
We have to either put growth into reverse (which won’t happen—people won’t give up a modern lifestyle, and they’ll guillotine you if you try to make them) or we have to open up the closed system before it’s too late.
I think this article misses the massive amount of real world growth that has occurred were Twitter users cant see it.
However if we expect it to become our sixth sense, we better a) evolve faster as a species to increase our bandwidth, and/or b) humanise the internet, educate ourselves to use it better, and consume information in a more natural way. Since the former is nowhere near, I'd like to see a Richard Hendricks appear and introduce Internet 2.0 for humans. But just like the author I don't know what that "better version" really means, or what it would look like...
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> It would seem to me that no one wants to tackle the hard problems. The difficult-physics breaking walls. This is probably why we still do not have flying cars or floating cities.
I don't know whether to be impressed or appalled by the rapid extrapolation from "nobody cares about this React.js rendering glitch" to "this is why we can't solve Hard Problems in physics."
Just look what happened with Uber, with that broadcast TV re-streaming service, with internet radio, with online banking and microlending, and especially with cryptocurrencies, for a few examples. Billions upon billions of opportunity and new wealth creation strangled in the crib. Pretty much wherever there is a big new opportunity, there are new heavy-duty restrictions on what you are allowed to do with this new communications tech.
People don’t give up wealth-creating income streams and associated power in society without a dirty fight.
Try starting an ISP or a telco to see how much of the promise of the future has been robbed from us by government overzealous to protect existing greedy and inefficient businesses.
Even the ones they thought safe to let roam free that wouldn’t affect them, social media, are now in danger of getting the hammer brought down on them because it turns out that anyone being able to talk to anyone is insanely powerful and disruptive, and they’re going to start regulating the kind of communications you are allowed to have there; either directly via public policy, or by veiled threats that cause the resulting winners (Facebook, YouTube, Twitter) to self-censor to be allowed to continue to exist.
There is a long and consistent history of dirty, dirty incumbent moat defense in telecommunications in the US.
That’s how business works. You aren’t entitled to your customers. Either they come to you, or they go to someone else. Ultimately, it’s their choice.
You say it’s parasitic, but really all it is is customers making a different choice. The whole concept of the status quo is an abstraction. A customer that bought from you yesterday is not “your customer”. She may make a different choice tomorrow.
> As the bread startup grows it does so on the backs of the local bakers who lose direct business because the start up is more convenient.
If you aren’t constantly working to make life easier for your customers and deliver more value, someone else is going to. You can’t just wake up and bake bread the same way for 30 years and expect it to yield you the same amount of revenue it did years earlier. The world is changing and people participating in it need to adapt and grow, or get left behind.
Everyone in a market needs to actively level up or get out of the way of those who are. It’s always day one.