Economists are flocking to Silicon Valley

Post by HereIGoAgain » Thu, Sep 08, 2022, 7:59 PM UTC

scottLobster wrote: post #54

spaghettiToy wrote: post #45

The time of innovation is over, the time of cashing in and preservation has come? I think of the automotive industry. Big tech will start to diversify, start banks, buy appliance companies, buy suppliers/vertical integration. I believe that happened to Auto in the 60s and 70s, about 20-30 years after the boom. If we (irresponsibly) use that timeline, we should expect dark days for the next 20 years. Most innovation w…

On the contrary, I look forward to innovation that actually has to be profitable at the end. All these bright-colored-plastic startups without a real business model will die, and ageism will lessen as experience and the ability to make money takes precedence over "culture fit" and "vision". Maybe Silicon Valley can even consider working with... the GOVERNMENT!!! You know, those institutions that actually have the aut…

Post by 8note » Thu, Sep 08, 2022, 8:05 PM UTC

scottLobster wrote: post #77

spaghettiToy wrote: post #68

Earlier quoted context omitted.

> roll my eyes hard every time some SV engineer has a moral outrage/stages a walkout because they discover their company has a DoD You have 0 input with how weapons of war will be used in the future. I can't say I disagree.

That and no one is forcing you to work on said weapons. If someone has a moral issue with working for DoD, I think that's a little naive but that's their right. Demanding the company you agreed to work for, as a subordinate, comply with your personal vision of morality when you're not even in a leadership position is just childish. Corporations by design are almost never democracies, you are working as a laborer for…

Post by robertlagrant » Fri, Sep 09, 2022, 7:03 AM UTC

danans wrote: post #73

robertlagrant wrote: post #51

Earlier quoted context omitted.

> You build antifragile systems by creating networks where the failure of any one component is not just expected, but actively welcomed and designed for. Distributed systems engineers understand this intuitively; any highly reliable system is constantly failing internally, but the system is set up with multiple independent paths to success, such that failure just routes traffic to the non-failing components. Antifrag…

> Antifragility is benefitting from things breaking, not just coping with things breaking. Coping with things breaking while fragile entities are collapsing is benefiting in the relative sense.

Post by pyuser583 » Sat, Sep 10, 2022, 3:21 AM UTC