alt Hacker NewsYou could have said the same thing about steam power or electricity. And it’s not just an analogy: The magic of these things is in being universal information engines. You spend capital to build them, using well-understood, scalable techniques, plug them into electricity, and out comes value.
My point is, there’s no chance of a “haves and have nots” emerging, any more than electricity turned out that way in the modern world.
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suddenlybananas • yesterday at 7:19 PM
>My point is, there’s no chance of a “haves and have nots” emerging, any more than electricity turned out that way in the modern world.
Energy costs vary widely across the world and that has enormous capacity for the economies of different countries and their industrial capacity.
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throwaway82012 • yesterday at 7:59 PM
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Electricity might be a good analogy - but for the other side of this argument.
In the US, (nearly) full electrification wasn't achieved until the late 1940's/early 1950's - a process of nearly a century. (A moment of personal trivia, my great grandfather worked on crews electrifying rural areas of the midwest.)