Date: 2017-10-08 11:56 am (UTC)
jjhunter: Closeup of woman with working gear brain looking down from tree branches (think like a scientist)
From: [personal profile] jjhunter
That brain's lymphatic system article is fantastic - thank you for sharing!

MagicLeap and Co

Date: 2017-10-09 10:04 am (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam
There is clearly a business model of "invent" technology that won't work and/or won't have a market at it's best technical performance. There are plenty of genuine people discovering this by accident. It is something that can be done cynically and deliberately.

I wonder how it effects the VC industry (generally or in Silicon Vally) if gaming the VC system in this way become common practice. Does it suck meaningful amounts of money out of the system? Do VC's get wise?

I also wonder what it tells us about luck in tech related entrepreneurship. If you end up very rich as a result of a lucky break and the waste that money backing daft tech ventures once you confuse your luck with business genius - that's a lesson about capitalism right there.

Date: 2017-10-09 10:35 am (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam

So there seem to be a few options with capital accumulation, bubbles, wages and inflation.

Option 1 - things continue much as they are. Capital accumulates most of the growth in the economy goes to owners, not workers. Workers are placated by technology driven improvements in the quality of goods and services they get.

Option 2 - we have a war and destroy a lot of the surplus wealth - along with a lot of workers. A bayonet is a weapon with a worker at both ends.

Option 3 - Some polities find a way of extracting rent from the rich without being politically compromised by them. They milk the bubbles through judicious use of wealth taxes and put the money in to social infrastructure.

Option 4 - The rich suffer an ideological crisis in three parts. 1 section comes over all Bill Gates / Andrew Carnegie and channels their fortunes in to more or less socially useful activites. 1 section invest in MagicLeap and discover that getting rich by being lucky is not the same as staying rich by being smart. 1 section remain utter cynical parastic bastards but bastards with money.

Option 5 - The rich become quixotic, for good or for ill, and rather than wasting their wealth on war decide to colonise Mars or pursue radical life extention or map the ocean floor. The projects are not particularly useful, or successful or wise or politically supported by a broad base of the population.

Option 6 - The robots (or the Culture) arrive and things are very, very different.


Or, this is mostly an artifact of demographics and it starts to shift when a) Baby Boomers die and b) the Chinese middle-class is properly bedded in and worrying about low-wage competition from Africa.

Date: 2017-10-09 10:45 am (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam
So, just to be clear, instead of leaving the EU and setting up bigger and better free trade agreements with counties like the US and New Zealand we now have the USA and NZ objecting to the way we're setting up bilateral trade agreements between the UK and EU.

I'm looking forward to the Tories explaining this in 2021 and I hope Boris Johnson is the Tory leader so he can properly enjoy the experience.

Re: MagicLeap and Co

Date: 2017-10-24 11:18 am (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam
Do they have any IP?

I mean have they actually got anything working or are they still at the concept stage?

Date: 2017-10-24 11:21 am (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam
After China there is a lot of South East Asia and then most of Africa to come in terms of low wage labour.

I think they will see much quicker industrialisation and wage growth than China because a) they are already a way down the path, it's just a bit obscured by China, b) it's easier once China is a rich country - you have a whole extra market to sell in to.

But still some time after China catches up before everyone is more or less on a rich world income.

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