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An Alternative History of Silicon Valley Disruption

wired.com

41–50 of 75 posts

Re: An Alternative History of Silicon Valley Disruption

#41

Books mentioned in the article: - How American Work, American Business, and the American Dream Became Temporary by Louis Hyman - The Value of Everything: Making and Taking in the Global Economy by Mariana Mazzucato - Winners Take All: The Elite Charade of Changing the World by Anand Giridharadas edit: formatting, copy paste issues (argh)

The book by Mazzucato is "The Value of Everything: Making and Taking in the Global Economy"

Re: An Alternative History of Silicon Valley Disruption

#42

Earlier quoted context omitted.

>before regulation leveled the field again Before regulation locked out any possibility of long term successful competition.

If you have to break the rules to succeed against competition that is playing by the rules, it may be a sign that your business is not sustainable.

> If you have to break the rules to succeed against competition that is playing by the rules

I read this three times before I understood what you were saying. At first I read it as "If you have to break the rules to succeed against competition, that is playing by the rules" as if to justify breaking the rules. English is a lovingly ambiguous language sometimes.

Re: An Alternative History of Silicon Valley Disruption

#43

Books mentioned in the article: - How American Work, American Business, and the American Dream Became Temporary by Louis Hyman - The Value of Everything: Making and Taking in the Global Economy by Mariana Mazzucato - Winners Take All: The Elite Charade of Changing the World by Anand Giridharadas edit: formatting, copy paste issues (argh)

The book by Mazzucato is "The Value of Everything: Making and Taking in the Global Economy"

Thank you

Re: An Alternative History of Silicon Valley Disruption

#44
post #22

Earlier quoted context omitted.

This is how I know it from Germany but in the US most contractors seem to make less than employees.

My contracting rate was double my hourly rate...

Given taxes, bench/beach time, risk premiums (unexpected downtime, search costs), that may well be too low.

Re: An Alternative History of Silicon Valley Disruption

#45
post #3

Any additional evidence (either for or against) the claim that government pays for tech advances, while the private sector is who sees a return from that?

Joe Stiglitz observes that information generally is a public good (in the economic sense).

Re: An Alternative History of Silicon Valley Disruption

#47
post #3

Any additional evidence (either for or against) the claim that government pays for tech advances, while the private sector is who sees a return from that?

This is a super grey area. As I'm sure most people are aware, most technology innovation is evolution, not revolution. The smartphone doesn't exist today without the desktop computer and failed attempts by Palm.

The reality is as follows:

- ARPANET is considered the earliest form of the internet, which was developed by DARPA (paid by taxpayers)

- Many patents for internet based technologies are held (or were held) by universities which were paid for by taxpayers

- The first proposal of hypertext by Tim Berners-Lee was done in his capacity as a contractor to CERN, which is a multi-government-backed entity

The question, that will be debated for centuries, is who has profited from all of this? Just think of your laptop for a second. There are probably a million different functions, services, applications, etc. all playing together harmoniously. It's the purest form of amalgamated advances in both government backed projects, FOSS, and for-profit entities all dancing together harmoniously. Many people would argue the ones who sell the final good are creating the most value, because they are essentially responsible for bringing all of those disparate parts together, and hence why they would argue they deserve most of economic profit.

Re: An Alternative History of Silicon Valley Disruption

#48

Earlier quoted context omitted.

>before regulation leveled the field again Before regulation locked out any possibility of long term successful competition.

If you have to break the rules to succeed against competition that is playing by the rules, it may be a sign that your business is not sustainable.

Or just that the rules are stupid, and/or bought and paid for by the incumbent businesses. I have no sympathy for taxi medallion owners or the entire system of graft that caused it to arise. Basically everybody wants to pull the ladder up after them once they get to the top.

Re: An Alternative History of Silicon Valley Disruption

#49

Earlier quoted context omitted.

> Uber, AirBnB, Amazon Amazon, sure, but Uber & AirBnB? Wasn't their "innovation" flaunting the law to gain a temporary advantage before regulation leveled the field again?

Uber disrupted taxi companies. AirBnB disrupted the hotel industry. Both used technology to get there (there were no apps to hail taxis anywhere near feature parity with Uber for instance). They also leveraged the distribution mechanisms of the app store to reach scale. > Wasn't their "innovation" flaunting the law to gain a temporary advantage before regulation leveled the field again? Whether you view it that way o…

Airbnb in particular benefited from the existence of other technology they didn't directly employ, mostly related to smartphones: ubiquitous cameras for hosts to take pictures, reliable taxi service from Uber and its rivals making more areas viable for tourists, high quality mapping apps to let people see what neighborhoods are fun and convenient.

Cellphones in general mean hosts don't have to provide TVs, landline phones, alarm clocks, paper maps, newspapers, etc. that were traditionally in hotel rooms.

Re: An Alternative History of Silicon Valley Disruption

#50
post #47
post #3

Any additional evidence (either for or against) the claim that government pays for tech advances, while the private sector is who sees a return from that?

This is a super grey area. As I'm sure most people are aware, most technology innovation is evolution, not revolution. The smartphone doesn't exist today without the desktop computer and failed attempts by Palm. The reality is as follows: - ARPANET is considered the earliest form of the internet, which was developed by DARPA (paid by taxpayers) - Many patents for internet based technologies are held (or were held) by…

In both the government and private industry, both which are needed, the overlooked ones are the individuals and teams that make these innovations.

The big fish are the government and private industry that helps drive forward, but when you break it down to the particles that make up the system, you'll find individuals, inventors, entrepreneurs, good managers, smart financial navigation and encouraging of the open creative state.

Anything that allows the smallest of nodes in that system to flourish, the individuals, should be noticed and rewarded.

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