1,260 karma · joined June 25, 2013
On the low hanging fruit side of things, tools should really start integrating a Spherical Harmonics skybox into the training steps to better handle large scale distant details.
> Honeybee (Apis mellifera) colonies don’t hibernate. In the wild they overwinter in tree cavities that keep at least some of their numbers above 18°C in a wide range of climates, including -40°C winters. But popular understanding of their overwintering behaviour is dominated by observation of their behaviour in thin (19mm) wooden hives. These man-made hives have very different thermal properties compared with their natural habitat of thick-walled (150mm) tree hollows.
I'm not going to claim I have the solution. Anyone who tells you they do is either deluded or has something to sell you. And that definitely includes those who want you to believe that modern capitalism is the end-all be-all of society.
What I want is to stop the self-imposed helplessness. What are some things that might work? How can we validate them? How can we roll them out?
This is a consequence of policy choices, not some inherent natural law.
The best and brightest have diverse interests and if they get bored they can just move on. The cost to the company to let them mess around with generative AI for a couple of weeks is far cheaper than having to replace them if they jump ship elsewhere.
Plus, this builds internal expertise with a new area of technology that may or may not end up relevant to their business in the future.
In practice, that grandma is stuck in a city where her children and grandchildren can no longer afford to buy real estate in. Friends and neighbors who rent are priced out and have to move regardless. The local goods and services rise in price and taxes go up, all under the current system. Her support network and community evaporate and soon she finds nothing left but to sell to a corporation, who is the only entity left that can afford the prices her house demands.
The first order effect of a Land Value Tax is that it shifts who pays the biggest burden of taxes. Grandma A who owns a big house in the center of a vibrant city where lots of young families are looking for homes near their jobs might see an increase in her taxes, but the Grandma B who owns a Condo in a larger complex will likely see her taxes drop. Grandma C who lives in a nice well-maintained house way out in the burbs will likely see a drop as well, most of her value is in the nice home she has been tenderly caring for her whole life.
A second order effect of LVT is it creates a suppressive effect on real estate prices. When prices in an area are going up across the board, this is entirely in the value of the land, which means LVT taxes are going to rise correspondingly. This additional tax liability significantly helps counteract a speculative rise in prices, leading to a lower and more stable pricing, and pushing out those who are just looking to speculate on trends. The value that a government creates for its citizens is recaptured and able to be reinvested, instead of going directly in the pockets of land speculators.
The third order effect is that this shifts the incentives around value creation vs value capturing. Perhaps the house next door to Grandma's is currently owned by a deadbeat landlord, Pennybags, who lets the house fall into disrepair, hoping to turn around and sell it as the market rises. Now all of a sudden Pennybag's plan is quickly becoming a bad investment. With LVT his property value is more heavily correlated with the actual quality of the house and less with value of the land. He is finding that despite an increasing demand in the area, his property is actually dropping in price. Meanwhile good ole Grandma has been diligently been taking care of her home, and adding value and the price of her home has actually gone up faster than the rise in taxes. She's able to use to use the increase in value to take out a loan to build an accessory unit she uses to now help her cover her increased taxes, which further increases her property value. Despite all of that, her taxes have not gone up at all!
Prices then rise back up as your nearest competitor was smart enough to not lower price below their cost.
Or do you somehow believe that price competition currently only exists everywhere EXCEPT on Amazon's platform?
You are right that this policy is very simple, it's very clear both mathematically and logically. Companies cannot lower their prices lower than their costs. If costs are variable across platforms but prices are fixed to a single value than this will de-facto result in INCREASED prices. If this policy causes someone to leave a platform, that STILL doesn't result in prices any lower than they would absent the rule.
In fact, the sheer existence of the rule is a clear statement from Amazon that they believe they have significant and durable market pricing power, since if they didn't, this policy would clearly lead to sellers and buyers leaving their platform.
What's your move in this position?
You can't just imagine all companies as perfect frictionless spherical interchangeable cows. In reality companies as large as Amazon can have significant market distorting effect, while much smaller companies might have to choose between their principles and going out of business.
The best transportation systems are a blend of transportation types. Use rail where the benefits are worth the cost and buses where they are not. There also many incremental options in between.
1) It is no longer retroactive. Existing games on the market using unity can continue distributing without their business getting immediately impacted.
2) It's no longer per install, it's now "new people engaging with your game each month" and the numbers are now all self-reported. Originally Unity was going to calculate installs on their end in an opaque way.
3) You can choose to just use a revenue share arrangement instead of per install. Since it's the lower of the two you can effectively ignore whichever one isn't favorable to your business.
The demand side of rent prices is generally based on the surplus value created by an area for its residents. The value of rent prices is all about providing signals about relative utility to potential residents. This is key because it means that absolute rent is largely unimportant, the relative rent is the key. All rent paid above actual services provided does not create economic value, it instead captures surplus value from its residents and delivers it to rentiers. The issue with rent control and other similar regulation is not that it limits overall rent levels, it’s that it distorts the relative signaling. However this needs to be balanced with the negative effects large rent increases have upon tenants. A world where people are constantly forced to move due to a rapidly changing market might be price efficient, but it creates lots of negative externalities. The key here is establishing rent rules that are loose enough to create accurate price signaling, but tight enough to minimize these externalities.
The demand side for purchasing for individuals is based on individuals and companies evaluating on a range of criteria which largely boils down to the utility it directly provides, the rent you can charge others for their utility in the properly (or conversely, the rent it allows you to avoid), and its value as a speculative investment. However it is clear that in the problematic markets we are discussing, the prices are extremely dominated by the latter two.
This leads to the supply side of this also being somewhat counterintuitive. People seeking to invest their capital in property actually have two primary ways of profiting: via rent collected or by appreciation in property value. If you own property, and you have additional capital to invest, do you invest in improving your existing housing stock or into buying additional property? The answer is you invest in whichever has the highest rate of return. In low housing stock environments the answer is going to typically be to invest it in additional property over improving existing properties. You might think that rising rents would change this ratio, but this gets it backwards. Rising rents leads directly to increased property values and so largely has the opposite effect, it encourages investment in buying property over improving it.
This makes it clear that to increase investment in housing stock, your best method is to discourage speculative investment in favor of investments that raise the quantity and quality of housing stock. The way you structure regulation, incentives and taxation should reflect this. Everything else is noise, and doesn't actually solve the problem.
Side note: An exception here happens in cases where development leads to massive differential between start and end value. This is why in these sorts of high speculation environments development becomes highly slanted towards turning low density buildings into massively high density, high margin buildings. This is generally not ideal, as this type of construction has lots of negative externalities on its surrounding neighborhoods, and tends to make communities averse to further development. Making lots of small incremental improvements in housing stock is far less disruptive to neighborhoods but will only really happen in environments slanted towards improvement over speculation.
Also viewing a company as just a collection of assets owned by capital can be somewhat limiting. Companies are generally made up of human employees, and many schools of thought treat employees as one of several stakeholders in a company and assign various rights to them and various responsibilities to the company for them.
Looking at it this way, the “owner” of a company can easily be described as looting the company if they are destroying a lot of value in the company for marginal benefit for themselves.
If they simply took a percent of revenue, everyone would have shrugged, you might have had some indies complaining, and the world would have kept on turning. Instead, they made a couple of compounding missteps. An install based fee creates a massive amount of uncertainty about how much you will owe at the end of the month, creating potential cash flow issues. You are at the whims of Unity in terms of how they calculate it, and praying that they properly handle all the edge cases and potential abuses, despite all their incentives giving them plenty reasons not to care that much. And then on top of all of that they made it retroactive to all existing games on the market using their engine. Companies had a very reasonable expectation that they could rely on the terms their games were released under. All that trust has now been upended. Unity has shown they are willing to change terms retroactively with little notice. Now when evaluating Unity as an engine you will have to take into account not only the current fee structure, but also the risk that they will add additional fees retroactively that have the potential to completely disrupt your business model.
As you approach maximum throughput, average queue size – and therefore average wait time – approaches infinity.
In order to have a quick and nimble organization you need to leave sufficient slack in your utilization of employees.