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Comment Re:Imagine (Score 5, Interesting) 163

After the 2008 crash. Central banks opened the faucet and started printing money like crazy. It was supposed to be temporary but it has continued. All this money went primarily to the financial industry which is flush with cash to invest in "the next big thing".
The result today is that there are just a small handful of companies (Meta, Google, Microsoft, Nvidia, Apple, Amazon, Tesla) have a combined market cap of $19 Trillion. More than the GDP of Germany, Japan and India.
It's all a speculative bubble.
https://youtu.be/S7NHhYlb1Gk?s...

Submission + - Way past its prime: how did Amazon get so rubbish? (theguardian.com)

mspohr writes: But Amazon’s fee isn’t 10%. Add all the junk fees together and an Amazon seller is being screwed out of 45-51 cents on every dollar it earns there. Even if it wanted to absorb the “Amazon tax” on your behalf, it couldn’t. Merchants just don’t make 51% margins.
Amazon also crushes its merchants under a mountain of junk fees pitched as optional but effectively mandatory. Take Prime: a merchant has to give up a huge share of each sale to be included in Prime, and merchants that don’t use Prime are pushed so far down in the search results, they might as well cease to exist.

Same with Fulfilment by Amazon, a “service” in which a merchant sends its items to an Amazon warehouse to be packed and delivered with Amazon’s own inventory. This is far more expensive than comparable (or superior) shipping services from rival logistics companies, and a merchant that ships through one of those rivals is, again, relegated even farther down the search rankings.
Now Amazon is in the terminal stage. We’re all still stuck to the platform, but we get less and less value out of it. And because we’re all still there, buying Prime and starting (and ending) our purchase planning with Amazon’s enshittified search results, the merchants who rely on selling to us are stuck there, too, earning less and less from every sale.

The platform has turned into a pile of shit, and we’re at the bottom of it.
A rival – and frankly terrible – theory of antitrust law says that the only time a government should intervene against a monopolist is when it is sure that the monopolist is using its scale to raise prices or lower quality. This is the consumer welfare standard theory and its premise is that when we find monopolies in the wild, they are almost certainly large and powerful thanks to the quality of their offerings. Any time you find that people all buy the same goods from the same store, you should assume that this is the very best store, selling the very best goods. It would be perverse (goes the theory) for the government to harass companies for being so excellent that everyone loves them.

Comment Tesla software is great... mostly (Score 1) 107

Except their car autonomy (autopilot, full self driving). These "features" work poorly and are dangerous. They've been trying to get it right for almost 10 years and keep promising "by the end of the year" but they still are not ready for prime time. I think part of the problem is that they are stuck using "vision only" whereas other autonomous car systems use a combination of sensors (vision, ultrasound, radar, lidar, etc.) which seem to work better.

OTOH, the frequent software updates have improved many other aspects of the car.

Comment Re:As long as you are not the last one out... (Score 2) 219

Social Security is only in financial trouble because the politicians are bribed and don't raise taxes on rich people who get a real bargain with their SS tax capped at a ridiculously low income level. They get a real bonus far beyond their contributions.
Everyone else gets a fair return on their contributions to the fund.

Comment China is expanding its lead (Score 1) 70

A recent survey of technology leaders found that China is leading in 61 of 65 tech areas. (A similar survey decades ago found the US leading in most of the tech areas.)
China is focused on leading the world economically and the efforts over the past decades have shown steady progress.
This recent action just doubles down on their commitment. They are not afraid of "aliens".
Unfortunately, the US is going in the opposite direction. Instead of leading economically, the US is focusing on military power, fear, and intimidation to "lead".
The US has hundreds of military outposts around the world. China has none but is becoming a leading economic power.

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