And then us engineers come in and fix education just like we did taxis (regulatory arbitrage, offloading costs to the ordinary workers in surprising ways they aren’t aware of, increasing traffic congestion throughout cities, but hooking people onto the rides with unsustainable loss making introductory prices long enough that alternatives such as regular cabs and public transport become worse).
Or the way we fixed productivity in ways that has led to no measurable increase in productivity despite nearly everyone having the most powerful device ever invented in the palm of their hands.
Or the way we fixed housing through regulatory arbitrage, once again, converting housing for residents into short term rentals for vacationers, making housing for residents more expensive globally and making their communities worse.
Or the way we fixed cable by going from bundled cable packages where we have to pay $70-$100 to get all our channels, to unbundled walled gardens where we have to pay $70-$100 to get a fraction of content plus we also have to pay internet fees in addition.
Or the way we fixed messaging and phone calls by taking something like a $1/yr WhatsApp membership that offered safe encrypted chat and converting it into a data harvesting machine.
Or the way we fixed stock investing by gamifying investing, bringing in a lot of people into active trading who have no business being in active trading and should just park their money in Fidelity, and then promising “free” trades by allowing big banks to trade against, leading to a massive wealth transfer from naive individuals to sophisticated banks at the best of times.
Or the way we fixed productivity in ways that has led to no measurable increase in productivity despite nearly everyone having the most powerful device ever invented in the palm of their hands.
Or the way we fixed housing through regulatory arbitrage, once again, converting housing for residents into short term rentals for vacationers, making housing for residents more expensive globally and making their communities worse.
Or the way we fixed cable by going from bundled cable packages where we have to pay $70-$100 to get all our channels, to unbundled walled gardens where we have to pay $70-$100 to get a fraction of content plus we also have to pay internet fees in addition.
Or the way we fixed messaging and phone calls by taking something like a $1/yr WhatsApp membership that offered safe encrypted chat and converting it into a data harvesting machine.
Or the way we fixed stock investing by gamifying investing, bringing in a lot of people into active trading who have no business being in active trading and should just park their money in Fidelity, and then promising “free” trades by allowing big banks to trade against, leading to a massive wealth transfer from naive individuals to sophisticated banks at the best of times.
Or how we destroyed inflation through BTC.
Or saved art through NFTs.
The list just goes on.