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>practically all the important work in the world is done by private companies LOL, another one thinks the US is the entire world.
by romwell 3y ago
>practically all the important work in the world is done by private companies
LOL, another one thinks the US is the entire world.
- danielmarkbruce 3y agoThe comment about access is related to a US company. The relevant legal jurisdiction and framework is the US. If it were a French company, the relevant jurisdiction would be... France. You may not realize this, but OpenAI is a US company. The comment about all the important work in the world being done by private companies was indeed a global comment. You may not realize this, but covid vaccines were made by astrazeneca (UK), BioNTech (Germany), several US companies and others. Defense companies are located in every major economy. Most countries have power systems which are privately owned. Commercial planes are mostly built by one large French company and one large US company. All the large producers of cars around the world are private companies - big ones exist in the US, Japan, various European countries, Korea and China.
- romwell 3y agoIt looks like you have a problem understanding the meaning of the word "all". Specifically, you are confusing all and some.
- danielmarkbruce 3y ago"practically all" was the initial statement. The second mention is a reference to that statement. A basic education in economics (and manners) might be in order.
- romwell 3y ago>A basic education in economics (and manners) might be in order. Oh, I apologize. I have idiotism allergies. >"practically all" was the initial statement Yeah, and my original statement still stands. Go open a history book or something. Or find out what "N" in "NSF" stands for, or realize that China exist.
- danielmarkbruce 3y agoNSF budget is 10 bill or so out of a 20+ trill economy, less than a tenth of a %. Even if you thought 90% of work wasn't important... 10 bill out of 2 trill is tiny.
- romwell 3y agoSo you measure importance of work by the amount of money spent on it? My do you have some peculiar ideas.
- danielmarkbruce 3y agoRe-read it. I'm measuring the amount of work by the amount of money. Total GDP = total work. 10% of GDP = 10% of total work. GDP is a decent proxy for total work... Add reading comprehension 101 to econ 101 and then it will compute.
- romwell 3y agoRe-read what you wrote yourself. You were using the NSF budget as a measure of importance of its work. You also compared it to the GDP, which only makes sense if you think that all work done is equally important. How very socialist of you. >Add reading comprehension 101 to econ 101 and then it will compute What you say "computes" only after adding Dunning-Kruger to the mix.
- danielmarkbruce 3y agoNope, the calcs above assume all NSF work is important, and they show how little work they do as a % of all the work. Then as a % if we assumed 90% of all work (keeping all NSF work important) wasn't important. To calculate a %, both the numerator and denominator have to be the same units.
- romwell 3y ago