Sangama34
Why should government control the media ? That makes no sense.
Most of the social media giants lose money on their India operations while giving poor Indians an opportunity to have a better platform to express themselves. India has virtually seen a one party rule since independence, that too by a single family who could be more corrupt than all the south american dictators combined. The only way an ordinary tea seller could become a PM while defeating this party was because of power of social media are grassroot movement against corruption.
India has a history of screwing up what works without fully understanding the consequences of their regulations.
One possibility I see is for many shrinks to come together form a co-operative and compete with vc backed alternatives.
What is wrong with the article :
- So one small Psychiatrist is losing business to other Psychiatrists.
It is perfectly possible that Ross is an inefficient Psychiatrist here and patients are better served by other Psychiatrists. This is a loss for Ross but barely a "complication". Also it is not clear to me if the market was divided 50-50 between say Google and Bing why would it be any difference. From over 10 years of experience in ad industry I have realized that it is a ruthlessly free market system where the inefficient player will get punished very quickly.
What Google has done here is that opened up a lager pool of customers for the suppliers and that has resulted into fierce competition among suppliers. The customers invariably will benefit here as they have more options.
- The rant about smart campaigns
This is one of the real bad arguments. A couple's councilor is upset that Google is unable to differentiate between a PTSD councilor and couple's Councillor. Will the world be better served if a couple's councilor has to compete with a florist or a nanny ? [That it what yellow pages were].
The article laments that customers have more choice and it is not easy for the suppliers to rely on information asymmetry to make profit. They take some fictional futuristic scenario and compare google against it and blame those problems on Google. But in reality it is a good problem to have.
PS. This is by no means to claim that Google's ad algorithms are perfect, but it is without dispute that they are better than all available alternatives.
I might also add incompetent and narcissist.
Fun Fact 4: Everyone, that is everyone which includes Google has due process rights which I feel should be exercised by everyone. Next what ? > "Man charged with murder resists punishment by pleading non guilty in court".
People who put money should decide the area of focus. Not others.
> The project is ineffective and introduces a lot of other environmental problems
This achievement matters and useful in itself. May be they can figure it out how to scale or will find more commercially viable products from this sort of technology.
If students are allowed to declare bankruptcy from student loans than banks can apply a more realistic risk models to such lines of credit. Students will then have to either pay very high rate of interest or will have to go out their way to prove their financial responsibility. Banks will then be able to create sophisticated models to figure out which young people are responsible enough and who are not. This will incentivize responsible behavior from students as well as institutes and not to mention a competition to reduce fees.
Not to mention, this model will also ensure the folks who should not be in college or will not benefit from it will not be able to go to college. I think this is where politicians disagreed and came with the completely wrong policies with perfectly predictable bad outcomes.
>The monetary cost of U.S. domestic drug policy is equally remarkable. Since the War on Drugs began more than 40 years ago, the U.S. government has spent more than $1 trillion on interdiction policies. Spending on the war continues to cost U.S. taxpayers more than $51 billion annually
That is $1T to polices, contractors, private prisons, prison guard unions and so on. It is an economy in itself.
Here is plenty of information on the topic.
https://www.cato.org/publications/policy-analysis/four-decad...
I have worked as a remote engineers and have hired remote engineers. There are scaling issues and then there are life satisfaction issues. While many people think that being with their families and familiar location might be good for them it does not turn out to be the same.
https://www.foxnews.com/opinion/john-stossel-loving-endanger...