a glimpse into cryptic thought of the reticence
03 Nov 2016 | the stand
Peter Sunde, interviewed by Joost Mollen:
Look at all the biggest companies in the world, they are all based on the internet. Look at what they are selling: nothing. Facebook has no product. Airbnb, the biggest hotel chain in the world, has no hotels. Uber, the biggest taxi company in the world, has no taxis whatsoever. The amount of employees in these companies are smaller than ever before and the profits are, in turn, larger. Apple and Google are passing oil companies by far. Minecraft got sold for $2.6 billion and WhatsApp for like $19 billion. These are insane amounts of money for nothing. That is why the internet and capitalism are so in love with each other.
We need a better way of regulating new technologies. That’s going to require bridging the gap between technologists and policymakers. Each needs to understand the other – not enough to be experts in each other’s fields, but enough to engage in meaningful conversations and debates. That’s also going to require laws that are agile and written to be as technologically invariant as possible.