It's even likely there will be legislation forcing LIDAR for self driving cars. Elon cannot flip the switch on self driving until they have millions of intervention free miles under their belt. Right now Tesla gets ~500 miles without intervention. One kid gets decked and the law will shutter his plan.
There is another layer too, where because of his polarizing personality, a lot of critical talent is inaccessible to him. Keep in mind Elon is doing -none- of the engineering besides the social engineering. He relies on talented people who want to work for him. I know many talented people who could make a difference for Tesla, but none who would ever give Elon a single minute of time.
If you just extrapolate what has already been possible and bet on the pace of growth of AI algorithms and techniques, robotaxi is almost a certainity and humanoid robots a possibility.
The real kicker to me is that the government has passed a law restricting access yet they haven't determined how they're going to enforce an age check. It's wild that they passed a law without consideration to it's mechanics or feasibility.
It was the end of the bretton woods system/the gold backed US dollar.
The major consequences are inflation, which devalues savings and transfers the buying power lost from devalued savings to those who own assets, and removing the consequences of poor policy, letting the market remain more irrational and letting corruption fester longer before reality asserts itself.
Because the relationship between money and value are severed, it allows for wage stagnation and real economic production to stagnate while paper power and paper growth are allowed to metastasize because the supply of money can always be expanded rather than having to deal with the reality of potentially not being able to import things that fuel the engine of your economy.
So 1971 is when we started to hang ourselves with our exorbitent privilege: https://en.wikipedia.org/wiki/Exorbitant_privilege
Therein lies the problem with gold, which is why a decoupled currency was required. A natural resource such as gold or bitcoin, appreciates as the economy grows, which in turn slows the economy down. With a printable currency, a country can control inflation or depreciate past value to create agony for people who have to continuously work to create more value. That is what forces nation-building and what capitalism helps with.
Dollar worked. And it won't be replaced with a fixed resource such as gold or bitcoins. But as the article mentions, it may not remain unique. That will be very interesting though, since the world has never experienced those dynamics before.
With my direct and indirect experiences of social media; I strongly support this.
That said; how does a young individual get updates to public transport outages that are only available via twitter/x, or read the menu of the local cafe that is only posted on Facebook?
I do worry about the implementation, especially if government owned. The government has, in the past, said one thing and executed another. (DNS metadata collection for ISP’s, for example) Whilst I have nothing to hide, and am happy to be entirely transparent with them; I can appreciate, respect, and understand the hesitation.
And, if government owned; how long until it’s “privatised”.
Will be interesting to see how this plays out.
Here's a better solution option that is easier to implement; even adults can benefit, and I think it solves some of the problems:
1. Have an easy option to turn off feeds and enforce for non-adults. This would apply not just to meta, twitter, but also to Youtube, LinkedIn, etc.
2. Disable like display. The like counts are what hooks people and gives the dopamine kick. Add the ability to hide it and not show for under 18 easily.
3. Social and news sites should not be allowed to send notifications, period. Not on phones or browsers, at least not for those under 18.
Something along these lines would improve social media for everyone, not just kids. Parents' mental health affects kids the same. So blocking it just for kids only goes so far.