I thought it was quite beautiful.
393 karma · joined April 22, 2014
I thought it was quite beautiful.
For decades Mughal princes had been controlling monetary flows by printing new currencies every year or so, causing rapid inflation in old currencies. The Mughal Empire allowed Clive to set up a free trade zone with a land grant of a swamp that eventually became Calcutta, and the East India Company built a wall, and started trading on the pound (£). It's amazing what happens once you stop trading with unstable currencies. Growth and prosperity. The Mughal empire, which was on the verge, essentially collapsed over the next few years (post '57 -- mostly through the 60s and 70s) as the merchant classes just shifted to doing business in Calcutta.
--> I wrote my undergraduate thesis about this topic, and spent a year at the British Library reading first-hand accounts from both sides, focusing on the resulting Anglo-Indian legal system set in place by Sir Robert Chambers. Dalrymple is right about a lot, but this piece most certainly omits the fact that a number of sectors of Mughal society gained a great deal from dealing with the British (never mind overlooked Mughal brutalities that go unmentioned in the piece).
Plus I'm just a bit perturbed with these must-be-generated-by-an-algorithm locational names. A quay is a wharf (http://en.wikipedia.org/wiki/Wharf). And the only water around is coming out of a pipe. And a "Quay Valley" is some sort of malapropism, especially in geographic context.
what if Keynes is wrong?
i'll quote mr. chen here, piece by piece: "...policymakers should demand..." --> children demand. policymakers (and i assume he means congress, which is the constitutionally-empowered entity that is able to make law in the united states) make laws. and laws are supported with the power of the state to do two things: tax, and kill (in fact, they are the same power). so what this means is "congress should use its power to use lethal force..."
"... openness not just at the traffic/transport layer, but also at the content/applications layer of the ecosystem..." --> net neutrality is about agnosticism. there goes that word again, 'to think'. here, it's about not thinking -- particularly not thinking about whose data is traveling along your pipes. but once you move from the traffic/transport layer down to the content/applications layer (or heck -- in a chaostheoryesque way, once you move up to the operating systems layer) the medium is the message! this is the equivalent of a declining myspace begging congress to force facebook to allow myspace users to interact with the facebook users. the medium is the message here: facebook exists because it is not myspace. trulia is not redfin. people started companies because they disliked the platforms available and they sought to build better ones.
"...Banning carriers from discriminating but allowing content and applications providers to continue doing so will solve nothing."
there is zero comparability in this last statement. content and application providers are built atop an architecture that is by its nature exclusive and discriminatory. service providers are defined not by what is within them, but what moves through them. which is to say: teraflops (&c.) per second of data moving from various points to another. applications on the other hand are defined by what resides within them. music (spotify: beats needs to allow us to stream music to its listeners!). videos (vimeo: youtube needs to let us share their videos!). games (counterstrike: why can't people play our missions as the master chief?! ¡¡¡net neutrality!!!). the list goes on.
make no mistake: this is one more step down a road that leads nowhere good.
i take this as a cautionary tale of product-market fit. as mark andreessen says, where a market exists and a competent but not visionary startup finds itself, the market will often "pull the product out of the startup."
that obviously didn't happen here. i think it is because glass was both narrative AND product. narrative meaning that glass was supposed to be a transformational product, meant to elevate google from a search company to a product company.
they weren't going to let the product find its market (my thesis: industrial). instead, pushed it to the market they wanted it pushed to (consumer), because it fit a narrative they _wanted_ to be true.
These technologies are certainly nascent -- but they have been, and will continue to be. I doubt that we will see widespread adoption of ALL (or even 25% of them) over the next 350 days.
More likely -- using Diamandis' own descriptive memes -- I believe many of these technologies are likely to hit an inflection point (i.e. where their exponential growth becomes an observable phenomenon) in the next five years.
> VR - obviously FB is making a huge play here, but Magic Leap is the real (pun intended, if you've seen the promos) elephant in the room. And I have a hunch that their technology won't be ready for at least another 18 months. And it's not even VR, it's AR (which I think is going to be easier to swallow for most consumers).
> Mass Market Robots. Roomba is already around. The question is robots for what. I don't see the killer app quite yet. Perhaps as industrial assistants? Amazon already uses them to great effect in their warehouses. But that is well out of the public eye.
> Autonomous vehicles. Sure, I'm planning to buy a car with autonomous capability in the next 18 months, but full explosion of this technology is going to require governmental concurrence, and lots of work by the insurance industry. And neither of those work very fast. If only for this reason, I see 10% market saturation as at least 4-5 years away.
> Drones "everywhere". They're still toys with remarkably short battery life.
> Wireless power. My personal sense is that Apple is the market-leader in expectations management for mainstream adoption of this sort of tech. And until it's integrated, I don't think it will see widespread adoption.
> Data + Genomics. No idea. But I do have some up-close experience with a non-public project in this area, and I have to admit I'm shocked by what they're able to do, putting large datasets to work. Here I agree with Diamandis that we might see something spectacular happen over the next year. But what -- I don't know.
> Sensor explosion. It is certainly coming. Not confident in the next year.
> Voice Control. Very much agree here, but because of the Apple Watch. All of a sudden an entire generation that saw Siri as a nice-to-have will now see it as a need-to-use -- and this will cascade downmarket to the Google and Microsoft ecosystems as well.
> 3D Printing. Upcoming patent lapses and adoption by large-scale corporations will likely drive this -- not consumer leadership. The biggest news I saw in this was Local Motors' initiative to build a 3D car manufacturing facility in Washington, DC. Once that happens, all bets are off because both corporate and consumer sectors will start to understand the true implications for the technology.
> Bitcoin. Agree in principal. But just as important is the underlying blockchain technology which could revolutionize many more things than simply currency. But yes -- here too, adoption via Apple is the leading indicator. And I believe that ApplePay (and potentially even an Apple currency) is the future.
" One day in November, Ferran Adrià, the Spanish chef who turned foods into foams and pioneered a new era in gastronomic innovation while running one of the world’s most popular restaurants, bounced through a loft space in Barcelona. He peered at pencil-sketched mind maps tacked to plastic foam bulletin boards and examined books jammed on narrow shelves — until he reached the end of a display table featuring a variety of Asian soup spoons. Then he stopped.
“I have a question,” he said in Catalan to the small group of visitors and staff members trailing him. “What is wine?”
There was silence. Four seconds, five seconds, 10 seconds. Finally, cautiously, someone offered, “A drink?” Mr. Adrià's eyes widened. “Maybe it is a drink if I put it in a cup. But what if I make it into a sauce and cook with it?” His voice was sharp. More silence. Mr. Adrià spun away and began walking again. “Now,” he said over his shoulder as the crowd shuffled in his wake, “what if I turn the wine into ice cream? What is it then?”