Live data from Hacker News

Google and tech’s elite are living in a parallel universe – John Naughton

theguardian.com

101–108 of 108 posts

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#101

Here's a wild idea: What if it were free (or cost pennies) to get any materialistic good besides food? Imagine owning a 300 foot yacht or a jumbo jet for a penny. And everyone in the world can have their own with unlimited supplies. I believe we're in the middle of an adjustment period that will take 15 to 25 years. At the end of this period, virtual reality will be a sufficient replacement for reality, and as afford…

I'm a futurist optimist and yet I REALLY don't see VR reasonably replacing reality in 15 to 25 years. There's too many sensory parts of reality to replicate. At best it'll be a shoddy ripoff for a long time. Not to mention the health benefits that come with interacting in the real world that you don't get from VR. You're not going to be soaking up those sun rays or enjoying that tuna you caught off the side of your y…

I don't think VR needs to replicate reality perfectly. 80% of reality will be way more than sufficient when you consider the fact that you can do impossible things in VR (like flying, travelling instantly anywhere, etc).

When you say "at the end of the day you've still gotta log off and enjoy the real world" - why? When VR is replicating the real world, why must you log off to "enjoy" it? You could essentially do anything in VR that you can do in "reality", with way more magical powers. Who would want to go back to "boring reality" anymore?

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#102

Earlier quoted context omitted.

I'm a futurist optimist and yet I REALLY don't see VR reasonably replacing reality in 15 to 25 years. There's too many sensory parts of reality to replicate. At best it'll be a shoddy ripoff for a long time. Not to mention the health benefits that come with interacting in the real world that you don't get from VR. You're not going to be soaking up those sun rays or enjoying that tuna you caught off the side of your y…

I don't think VR needs to replicate reality perfectly. 80% of reality will be way more than sufficient when you consider the fact that you can do impossible things in VR (like flying, travelling instantly anywhere, etc). When you say "at the end of the day you've still gotta log off and enjoy the real world" - why? When VR is replicating the real world, why must you log off to "enjoy" it? You could essentially do any…

> You could essentially do anything in VR that you can do in "reality",

No, you're not doing anything in "reality"

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#103
post #18

Earlier quoted context omitted.

Is the book readable, as in well-written? Edit: I just read a detailed synopsis of the book (I know it's not the same as the book). I strongly agree with his diagnosis, but not his cure. I think two things have gotten us into this mess: (general commentary, my remarks are not aimed at parent comment) 1) Corporations (as in the legal construct) and all the legal and financial benefits they enjoy, which allows capital…

>The more Washington tries to legislate us out of this mess, the deeper we descend into inequality. As one example: regulatory concerns are keeping the brightest, most innovative, and most honest among us out of the fintech sector, and so now I see mostly dishonest or reckless players. If there's ever a sector that needed disrupting, it's consumer banking, but the banks have erected so many regulatory barriers, that…

> I mean, frankly, the USA consumer banking sector just doesn't need more cryptography-fueled gold-standard imitations, nor more ever-so-clever statistical models for mutual funds that blow up and die when their basic assumptions are violated by that chaotic monster of chaos known as "Reality", nor more ways for a banker to write a loan he knows won't be repaid and then escape the responsibility of eating his own damn losses when the borrowers can't repay. What it needs is to finally catch up with the rest of the world and let people send money via online banking, and receive their paychecks each month via direct deposit without two weeks' delay, and to not charge so many damned ATM and debit-card fees.

You said banking didn't need to be disrupted, and then you listed some very good reasons why it needs to be disrupted.

You seem to believe that regulatory barriers are affecting some other party than they actually are. The bankers you refer to are the beneficiaries of the regulations. With a few notable exceptions, they want these regulations to keep the competition out.

And to clarify, the companies and/or people I'm thinking of here aren't "crypto", or at least not Bitcoin-related. I agree that Bitcoin remains to risky for general consumer use.

(and by the way, "mortgages" are one of Warren's four big family expenses, which is definitely a financial product)

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#104
post #43
post #14

My view is that the industrial revolution devised machines which, whilst increasing the efficiency of production, helped to increase the efficiency by which states and key individuals were able to extract wealth from others. In that case, as time progressed, the people started to become aware of the inequality and the leaders and states started to see the result (in Russia and other countries) of this inequality bein…

"the industrial revolution devised machines which, whilst increasing the efficiency of production, helped to increase the efficiency by which states and key individuals were able to extract wealth from others." Remember that inequality was huge way before the industrial revolution. You know how feudalism worked, right? A few dozen filthy-rich noble families + 99% of population in abject misery, was the rule for most…

> Remember that inequality was huge way before the industrial revolution. You know how feudalism worked, right? A few dozen filthy-rich noble families + 99% of population in abject misery, was the rule for most of Europe in the best part of the previous couple millennia.

I'm going to ask for a source on this, because this smacks of hyperbole or at least ignorance. It seems that when you refer to feudalism [1], you may mean manorialism [2] and more specifically the institution of serfdom [3]. First, I am not arguing that the life of a serf was in any way ideal. They were the lowest caste of society and were afforded very little in the way of self determination, but they were not wholly without legal protections and rights, they were often paid a wage for their labour or could at the very least pay their debts directly with their labour, and it was generally in the direct interest of their lord to uphold their end of the contract by providing compensation, protection, court hearings, and facilities for processing and storing the food produced on their lands.

While it would obviously have made for an extremely poor life had one been born on land held by a cruel or careless lord I wouldn't say that living and working in a workhouse [4] or mill would have been much better, at least as a serf you would have a right to live with your family in a hovel and work a portion of the land for your own benefit. 12 hour days in a dark, loud, and extremely dangerous textile mill and going home to an equally dark, loud, and stinking tenement room shared with a dozen other people sounds more like abject misery to me.

The beginnings of improvement in personal rights and freedoms began more so with Magdeburg rights [5] and town law, providing an alternative for serfs who were able or fortunate enough to exchange their tenure, buy out of it, or simply flee it for life in a town. That was as early as the 10th century. Things improved even more during the Renaissance and after the Black Death which resulted in an increase in the value of labour and saw the decline of serfdom in Western Europe.

I would argue that a deterioration in living conditions for skilled labourers brought on by the industrial revolution [6] and the end of the open field system [7] resulted in a greater necessity to organize to avoid further deprivation. Also, peasant revolts were not unheard of [6] and often began in the villages that formed the centre of life on the manor estate.

The life of a serf was far from pastoral but the change in living conditions from the late Roman Empire up to the modern era has not followed a constant upward trend and even today our society is quite capable of reaching local minima.

[1] https://en.wikipedia.org/wiki/Feudalism [2] https://en.wikipedia.org/wiki/Manorialism [3] https://en.wikipedia.org/wiki/Serfdom [4] https://en.wikipedia.org/wiki/Workhouse [5] https://en.wikipedia.org/wiki/Magdeburg_rights [6] https://en.wikipedia.org/wiki/Luddite [7] https://en.wikipedia.org/wiki/Open_field_system [8] https://en.wikipedia.org/wiki/List_of_peasant_revolts

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#105
Reminds me of a prospective engineering candidate I tried to recruit from Google. When I politely pitched an opportunity, he insulted both me and the opportunity over e-mail, claiming how wildly successful he is. This is largely an exception to the rule: almost all other engineers have been kind & respectful!

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#106
post #92

Earlier quoted context omitted.

Enjoy your cake. While you can.

I will. Forever. And other than bitch about it until you drain the last drop of life out of yourself, YOU CAN'T DO SHIT ABOUT IT!

dude do you even invest?

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#107
post #94

Earlier quoted context omitted.

I can look around me and see unemployed people voting, and I recall the top tax rate was once 90%. Where do you live?

No, you see sheep, thinking they have a say in what piece of the pie they will get, when the answer, of course, is invariably: NONE You see stupid lazy bums pretending to be victims of the system, thinking someone owes them something and acting all righteous about it. You see scum. That's what you see. And they are right where they're supposed to be.

You're the new TempleOS. The only reason you haven't been hellbanned is that your particularly insanity, a weird Randian fantasy world, isn't inherently offensive.

Re: Google and tech’s elite are living in a parallel universe – John Naughton

#108
post #52
post #13

Earlier quoted context omitted.

> hodgepodge of gripes in search of a premise Welcome to The Guardian's opinion pages, where everything is a source of outrage and the shadowy "1%" are always out to get you.

The ironic thing of course is that you can tell everything you need to know about the readers of a paper from the brands that advertise in it, and the readers of the Graun are second only to the FT in their opulence. They are the 1%.

http://www.thedailymash.co.uk/news/society/guardian-ordered-...
Post reply on HN