jlgray
Joined 19 years ago
Joined 19 years ago
I predict that industries in countries that adopt a carbon tax earlier will end up with a competitive advantage.
Electricity and power generated from carbon emitting sources on the other hand have a much more elastic demand curve. E.g. if your energy bill is cheaper with renewables, no one would choose to go with fossil fuels. Likewise with electric vehicles. If the cost of tanking up an EV is significantly lower than an internal combustion vehicle, people will switch for purely economic reasons.
You can look at the lack of a carbon tax as an incentive on fossil fuels which socializes the externalities.
AI has the potential for massive positive effects as well as massive negative effects.
What saddens me is that we have systems and incentives in place which encourage governments and corporations to use powerful technologies to negative ends.
* Obviously there is room to quibble about the positive/negative balance of individual technologies, e.g. gunpowder, bio-weapons, etc., however I am sure a circumspect analysis could find positives even in things developed primarily to improve the efficiency of war.
According to their 2017 annual report [1], Marriot had $22.9bn in worldwide revenue. A 4% penalty on that would be $900M.
[1] https://marriott.gcs-web.com/static-files/057a8e1a-a5c5-4c20...
It is an interesting thought experiment, though, to consider what facebook would look like if its revenue was derived from convincing users that it was worth a monthly subscription.
"The Quantum Cryptography School for Young Students (QCSYS) is a unique, eight-day enrichment program for students hosted by the Institute for Quantum Computing (IQC) at the University of Waterloo. QCSYS will run August 10-17, 2018 with students arriving August 9 and departing August 18.
The school offers an interesting blend of lectures, hands-on experiments and group work focused on quantum cryptography"
https://uwaterloo.ca/institute-for-quantum-computing/program...
You had a perfect storm of brand new, super powerful tools (the internet providing dirt-cheap distribution, cheap computation, beginner friendly programming languages -- php for facebook, java and python for google, etc.). There was so much low-hanging fruit with relatively little competition.
A very similar thing happened in physics in the early 20th century, and led to the same notion that genius is a fleeting trait concentrated in the young. To quote this BBC article: https://www.bbc.com/news/science-environment-37578899
It was like discovering a new toolkit which could quickly yield discoveries. Or, less charitably, as one scientist said: "mediocre physicists could discover great physics".
Some people rent out a spare room now and again for extra cash, and some people have multiple properties that are occupied exclusively by Airbnb renters, essentially running an unlicensed hotel.
The latter can be extremely obnoxious if its your upstairs neighbor, not to mention the effects that being discovered by Airbnb real estate investors can have on a town or neighborhood.
I don't care if Disney gets to keep the rights to Mickey Mouse. The real problem is all the other stuff that gets swept along in the bargain.