7,323 karma · joined June 1, 2015
Economists tend to prefer policies that help people, not places. Gary, Indiana just doesn’t have any geographical advantages that make it competitive.
I think, if anything, the mistake was to allow people in those places to believe there would be an eventual turnaround by trying to prop up uncompetitive manufacturing industries.
Picking up trash requires a lot of dexterity and will come with many challenges, but I think it’s a simpler problem than many household tasks and it’s probably on par for what these tests show is doable.
I think you’re going to have to PR challenges getting people to welcome robots into their homes. If you have robots out in cities providing a public good, not only do they serve as walking advertisements for your company, you’re going to earn some trust before you’re ready deploy them into private spaces.
Plus, governments (or perhaps HOAs for wealthy communities) can be good early customers since you can have a focused sales strategy. Politicians love these types of visible quality of life improvement projects. If you can show that your robots, working round the clock, can decrease litter at a low cost, many cities are going to want to buy them.
Unions can be a deterrent to this. If you have sectoral bargaining, you can’t get a better deal anywhere because everyone pays the same. Or even if it’s within a single company, you’re just stuck with whatever scheme the union bosses agreed to.
But also, unions are a deterrent to new employers since fewer people want to start companies in industries where unions have taken over. They’re a nightmare to deal with. Fewer employers means less competition means worse services.
We have a dynamic economy with lots of competition. It’s easy to switch jobs and find a better place to work. We should not want to give this up.
Ideally, you want to have a dynamic economy where people have very many paths to prosperity. In the US, you have people like Ted Sarandos who managed video rental stores for 17 years before taking a job at Netflix, which eventually led him to become CEO. Or you have Doug McMillion, who started at Walmart in 1984 unloading trailers at a distribution center and rose up to the CEO position. And you have Dara Khosrowshahi, the Uber CEO, who started his career in investment banking, became a media executive, and then served as Expedia CEO. An of course, there any plenty of extremely successful entrepreneurs who never worked for anyone else before founding their own company.
Your narrative depressed Google’s stock price for years, and bears finally gave up since they kept coming out with huge earnings beats.
This also goes for aliens visiting Earth. Interstellar travel is just so impractical that I don’t think anyone has come on safari to Earth.
If you’re going to build three new subway stops, or a single housing complex, you’re not going to keep any of that expertise. You hire some consultants and contractors and then they move on to something completely different at the end of the project.
This is a lot of what Abundance is actually about. Part of it is saying “yeah, let’s take the time and build state capacity to be able to do some of these things”. Vienna is able to build social housing because it’s been doing it consistently for decades and has all the right systems in place to do it. It’s not a libertarian book that just says “get rid of the rules and let capitalism sort everything out”. It’s about figuring out the right set of rules and incentives that allow governments to sustainably build things, or else facilitate the market to build them.
It's been really challenging to start companies because you need to go hire and manage a lot of people to handle lots of very different tasks. But it's becoming easier and easier everyday because AI is able to do a lot of that work.
As more people start companies, more competition will drive down prices for everything, making the things people want more accessible.
People aren’t going to stop wanting stuff. Right now, the world can’t come close to making all the stuff people want. As long as there’s a desire for further consumption, there will be work for people to do.
No need for an expensive containment dome, or expensive plumbing. If anything goes wrong, the nuclear fuel is already a mile underground. When the fuel is used up, they can leave it where it is since it’s below the water table. No need for expensive and hard to source highly enriched uranium.
The hard part is digging the wells, but that seems trivial compared to Quaise, who’s trying to dig 3-20km wells. The Deep Fission wells can just go anywhere (perhaps next to a disused former coal turbine?).