Naval Ravikant: “The Internet lowers the returns to distributing facts”

"Want to escape? Avoid Facebook, Instagram, Snapchat. Avoid venues and media built around group signaling and conspicuous consumption."

There won't be any escape, just a move toward smaller more focused online groups each with their own mores. The future looks more like a world of Slacks than a Facebook.

It's fascinating that this is happening in both social media and the world (Brexit and the fragmentation of Europe) at the same time.

I don't agree with this framework.

Even inside of it, there is obviously difference between the fixed cost of obtaining one fact, and the marginal cost of each additional fact. Riding to the library took time, but once you were there each additional fact cost less due to curation. In fact, the traditional library seems close to optimal for encouraging consumption of facts in volume (modulo institutional/cultural biases like the winners writing history).

Furthermore, while being able to look up a fact quickly ostensibly reduces the work to obtain that fact, it also discourages one's ability to perform educated guesses, reason from first principles, operate with uncertainty, etc. Intellectual effort/ability isn't zero sum.

The cost of high-quality facts should be minimal; the cost of low-quality facts should be higher. But how could such a thing be enforced when the marginal cost of all information regardless of quality is basically flattened?

This idea that "truth" and "facts" was ever a profitable business comes from a very naive place. With the exception of encyclopedias (and even then...), newspapers (owned by robber barons since day one, and then later mega-corps), text books (read "lies my teacher told me") etc have always been about profit.

Newspapers historically were not driven by facts but by classified ads and cartoons.

TV, even in its golden age, was always about advertisement. And as much as we pine for the days of Walter Cronkite etc, the truth perpetuated in media has always skewed white (fear of the minorities), status quo (fear of a revolution), and capitalist (fear of commies).

Tweet storms and pontifications like these are grand standing but devoid of any real grounded perspective. Just because you're 40 now, and realizing that there's a bunch of bad shit that you don't have control over (and maybe even contributed to) doesn't mean that "tech" or "media" has "gone away from truth."

It never even occurred to me to look up 99% of the useless facts I now can't help but look up on the Internet. The questions slipped out of my mind before they were fully formed, but now I think "who was that one guy in that one show?" and because I know I can find out in 30 seconds or less, I look it up.

This ability adds almost no actual value to my life, while taking time. But each individual thing is so quick to find.

It's also much easier to get lost trying to find the very best resource(s) for something, wasting time on that rather than digging into what's at hand. Because it's possible to refine one's selection now, it's so tempting to do so, even if a few hours' head start on lesser works would have been a better use of time. The same extends to entertainment.

What's lost is peace of mind, focus, serendipity, and contentment. I'm not sure the benefit's really been worth it, for me. Libraries were actually a pretty good solution for finding useful-enough information, fast enough, in most cases. How much would I pay for a mini-OED-style IMDB? TVtropes? Zero dollars, probably. I might not even keep them around if I received them for free. Not worth the fraction of a cubic foot each takes up. But I've got this Internet connection and all these devices anyway, so....

[EDIT] OECD corrected to OED. I've clearly wasted too much time arguing politics on the Internet.