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by mmaunder
282 days ago
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Agreed. I really wish Google would get their act together because I think they have the potential of being faster, cheaper with bigger context windows. They're so great at hardcore science and engineering, but they absolutely suck at products. |
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Antitrust enforcement has been letting us down for over two decades. If we don't have an oxygenation event, we'll go an entire generation where we only reward tax-collecting, non-innovation capital. That's unhealthy and unfair.
Our career sector has been institutionalized and rewards the 0.001% even as they rest on their laurels and conspire to suppress wages and innovation. There's a reason why centicorns petered out and why the F500 is tech-heavy. It's because big tech is a dragnet that consumes everything it touches - film studios, grocery stores, and God only knows what else it'll assimilate in the unending search for unregulated, cancerous growth.
FAANG's $500k TC is at the expense of hundreds of unicorns making their ICs even wealthier. That money mostly winds up going to institutional investors, where the money sits parked instead of flowing into huge stakes risks and cutthroat competition. That's why a16z and YC want to see increased antitrust regulations.
But it's really bad for consumers too. It's why our smartphones are stagnant taxation banana republics with one of two landlords. Nothing new, yet as tightly controlled an authoritarian state. New ideas can't be tried and can't attain healthy margins.
It's wild that you can own a trademark, but the only way for a consumer to access it is to use a Google browser that defaults to Google search (URLs are scary), where the search results will be gamed by competitors. You can't even own your own brand anymore.
Winning shouldn't be easy. It should be hard. A neverending struggle that rewards consumers.
We need a forest fire to renew the ecosystem.