This is great! I remember a turning point for me when I was feeling very low at the height of the War on Terror and jingoism appeared to have taken over the world. Just before the housing bubble popped and politics would swing the other way, but we didn't know that was going to happen yet. John Mayer was playing music at Macworld 2007 (wish I could find the video) and said "Steve Jobs and Apple Inc. just make life mo…
Not sure why wealth inequality is mixed anywhere near the rest of the topics. I couldn't care less about it, if some people live to make money, let them, as long as they do it legally. On the other hand hacker culture is very lacking and the fact that we don't really own our devices is part of the issue.p
- Average people have to compete on price with the wealthy (which becomes harder as inequality rises)
- Wealthy people are incentivized to use their wealth to acquire things and extract rent, which drives up total costs and makes inequality worse
A lot of the resulting problems stay negligible or hidden or as long as there is enough overall growth, but as soon as that growth slows down these kinds of problems become very apparent.