69 karma · joined May 13, 2020
Milton Friedman on Anti-Trust and Tech: https://www.youtube.com/watch?v=mlwxdyLnMXM
Great short explanation from Milton Friedman: https://www.youtube.com/watch?v=xzYgiOC9cj4
This is a ridiculous over-exaggeration in the age of internet.
What do you do with it? I remember trying it out like 2 years ago and didn't find it that engaging / useful / interesting that I would want one at home.
What kind of regulations would you impose? Any specifics?
Any specific ones? I personally can't think of any at all that would work.
Totally agree. Movies like these or like "That Sugar Film" are extremely important.
> That being said, I believe that social responsibility also has to play a role. If companies were simply interested in making a product appealing, they would look at how well it is received. When companies start employing psychology, there is a strong possibility that they are doing so to override people's judgment (thus their ability to take personal responsibility).
They are going to inevitably do that, and that's what we should expect them to do. I don't think there are any solutions to that except building some new services / protocols.
Same goes with fast food, TV shows etc. It's your responsibility to not over-consume anything; and if you have children, teach them to not do that as well. The problem is not with FB, Google etc. The problem (which is over-consumption of everything) is cultural. Blaming some specific corporations is easy but it won't lead to any positive solutions. We desperately need stoicism in the west.
You wouldn't quit your job. You would continue working. Like most people would. Why? Because if you didn't work, someone else would, and they would get way ahead of you. From my point of view, UBI would do nothing but cause inflation (at least for now anyway, story will change once lots of people have no skills that are needed in the job market).
Of course they should, and they would. It's really econ 101. More demand = higher prices. Why wouldn't it?
If you were selling apples for $1/kg, and you have it sold daily very rapidly, wouldn't you try to make $1.1/kg? $1.2/kg? $2/kg? Until you can't sell everything you produce, or, more precisely, until you can't make more profit.
Where would we get it from? Are there any extensive papers explaining it? I'm super curious.
If you care about poor people, why not just try to fix welfare with e.g. Negative Income Tax proposed by Milton Friedman (https://en.wikipedia.org/wiki/Negative_income_tax)?