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I think we're going to learn the hard way that widespread rent-seeking is only annoying during sustained growth — devastating in a crisis. Nobody can technically stop you from folding up a handkerchief and wearing it, but get much more crafty than that & you better get a lawyerhttps://twitter.com/balajis/status/1246430440228937729 …
Software was largely able to jump the fence because regulators couldn't pretend to understand it and it's usually much easier to build secretly and release strategically; it's also harder to make the case that some hypothetical moron would choke on it or set themselves on fire
Prior to this my main complaint was that creating massive overhead on producing anything beyond Etsy crafts makes everything super boring + basic, and progress slow. Creative people have to find a corporate substrate instead of finding a customer
Ofc now it's a big problem that there are so many institutional barriers to selling physical goods or services that people want, especially if you need to pivot fast. But beyond that, people just don't feel like general-purpose primates. Maker culture never really won the day.
(That might seem frivolous now, but when you're in a city under lockdown and your entire industry folds, thinking of *yourself* as a job title that no longer exists is a lot less psychologically tolerable than thinking of yourself as a monkey in pants who needs new tools)
reminds of Thiel's scale talk last year. Believes US may need to concentrate on the info world (capital/ideas) having fallen behind China on the physical world (goods/migration). curious if there's a reeval/marked shift back in light of covidhttps://www.youtube.com/watch?v=E-IaSS0bbGU …
Unless it is a holographic autoCAD that I can manipulate in real time, I sure hope entrepreneurs invest in actually producing things, and not just invest in an endless stream of startup apps and suites to assist in producing things.
this is wildly inefficient. autarky means less specialization, something that has historically been a driving force of development. human cognitive capacity for the time being is finite and it s been centuries since a single person could get an overview of all of knowledge.
the people that actually argue for this are marxists, arguing for small localized evenly distributed autonomous communities in a post-scarcity world, which would supposedly be optimal for human life. and ok, maybe, but we are not a post-scarcity world. far from it.
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