| they just optimize for "maximize our pockets", and do it hard That's not the case. Consider the purest examples: Google routinely incorporates factors beyond short term profit into their ranking functions. For instance they ranked SSL using websites higher than non-SSL using websites, to encourage use of encryption. The ads "quality score" system penalises advertisers whose ads appear to be low quality, defined by users not finding them useful. The constant shovelling of social justice themes into the search engine homepage. The biggest problem these firms have is that they are not focused exclusively on maximising profit. Profit is an excellent metric! It is the sum of all the happiness and utility you are creating across all your customer and userbase, minus effort expended, in a single quantifiable number. Think of all the happiness created by Apple, Amazon, Google and yes even Facebook and Twitter. Hundreds of millions of people use the services of these firms, often for free, and they use it because they like it. The problem big tech firms have is they explicitly got on board with "let's maximize world happiness" as a goal. Dumb dumb dumb. Nobody agrees what world happiness is, but there sure are a lot of activists who will always be convinced you're not doing enough about it. Once you go down that path you'll never stop walking, and the further you walk, the more abusive the activists get. It's so subjective and unquantifiable you can never tell if you've done enough. my belief is that we're in a tipping point where the market, as an optimizer, is getting out of control and needs to be reined in Isn't that just a classical Marxist or Malthusian collapse proposal? People have been predicting that capitalism will somehow collapse in on itself for hundreds of years, it never has because it's a fundamentally natural, evolved and stable system. The alternatives, not so much. |