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What do you think are the primary negative consequences from software eating the world?
by kareemsabri 4y ago
What do you think are the primary negative consequences from software eating the world?
- maxlamb 4y agoIncreasing wealth disparity
- kareemsabri 4y agoThat's interesting. What sort of examples do you have of software leading to large scale wealth disparity increases? I would venture the primary cause of the increase in wealth disparity from the 1970s to today is the outsourcing of labor overseas paired with financial engineering.
- rchaud 4y agoThe primary negative consequence is driving ungodly amounts of capital towards ridiculous businesses that at best create nothing except a layer of rent-seeking and at worst, use up the same amount of electricity as economically beneficial initiatives like domestic manufacturing. Just look at the ridiculous indulgences VC funds have propped up over the past decade: - social media apps that can only make money with ads and tracking - exchanges where you can trade dog money - office rentals, but at a made-up $50bn valuation - "homesharing" rentals (don't call it a hotel because regulations) - "ridesharing" (don't call it a taxi because regulations) And let's not forget a key logistical challenge for human society -- food delivery.