alt Hacker NewsSilicon Valley claims to know the future. So why'd it get the midterms so wrong?
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Because their skills in one domain are not broadly applicable to others. Someone who is good at one or a few things is not all things. You can also see this in their inability to market AI to the broader public. If they could make a compelling case they, perhaps, wouldn't be facing such a widespread backlash to data centers and the technology generally.
Its a tough ask for any mega corporation to be indifferent to the power an administration can wield against you. Especially one that actively seeks retribution and petty grievances.
SV has never known the future. All they have ever done is claim that whatever product they are currently developing is the next big thing. Because they say this before their product is released, they can sometimes look like prognosticators when their products succeed.
Wishful thinking and self interest may play a part.
A Dutch reporter made a very tough story on a mother who couldn't afford furniture. And this wasn't some crack addict it was a woman with a job who made 3000 dollars month.
Now if people like that are struggling you know something has gone very wrong.
Clinton once said "it's the economy stupid" but the elite are beyond the economy.
Did they get the midterms wrong or are you just demonstrating wishful thinking?
Democrats had plenty of terms and yet none of the illegal competitive practices have been stopped. You are being played.
Maybe they really can’t distinguish bots?
> “Move fast and break things” might work in a startup, but it’s a terrible strategy for building reputational goodwill
This is more or less something I've been thinking for a while
We have been moving fast, breaking things, at breakneck speeds for short term gains for way too long. It has been working out financially but ever other metric seems to be struggling. We aren't building secure software. We're not building responsible software. We're maximizing a single pillar at the expense of all other considerations and it's eventually gotta fall apart right?
Edit: It seems to me that SV elite have let themselves get boxed into an echo chamber. They aren't paying attention to what is going on outside their bubble.
It wasn't that big of a mistake:
1. Trump retaliates against businesses which aren't 100% for him.
2. The amount of money (a few hundred million dollars or whatever spent on the election) was relatively small in Silicon Valley terms.
3. The Democratic politicians won't hold grudges: they will now happily accept all the new cash soon to come from Silicon Valley.
4. The hostility from the public is not because of Silicon Valley's association with Trump; instead it is because of issues like higher electricity rates, loss of privacy, job losses, etc.
Because SV is itself a bubble, believing in a utopia of 1,000 people purchasing from themselves that own everything and 7.9 billion people out of work.
The problem is, we have not experienced a serious correction in a long time and if there are no economic solutions to this problem, then may we deserve a crash to make the consequence clear.
So of course people outside of tech [0] are not convinced of AI data centers, i.e (Homes for agents). And no. UBI is not a viable solution to solve this problem in the long term.
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Because they aren't nearly as clever as they think they are. Having more money to invest or spend does not make you more intelligent. In fact at a certain level it seems like money makes people dumber because they insulate themselves so much from the rest of society and reality. The most intelligent people got the cash they needed for life and either left or are working on their own personally fulfilling projects.