Steve Randy Waldman
@interfluidity.com

My current Mac may be my last, but I can’t commit to it, because boy have I enmeshed my life in their ecosystem. I’ve just managed to escape Adobe, thanks to Affinity. I don’t touch Meta products, except i have to use WhatsApp because it’s the global phone company now. 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

I don’t have much experience with Chinese branded devices or software, so maybe that’s the only reason I’ve not experienced much lock-in. Obviously WeChat in China is lock-in extraordinaire. Still, in the global market, it’s remarkable how American the big lock-in ecosystems seem to be. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

we’ve got your back, dagger in hand.

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Steve Randy Waldman
@interfluidity.com

do you in practice experience locking, in the sense you continue to use a brand / consider alternatives at a severe handicap because the overhead of switching would be high due to mutual dependencies among devices? are you locked into a xiaomi ecosystem?

in reply to this
Steve Randy Waldman
@interfluidity.com

no. Apple DOES require registration to the same login to interoperate. your Apple Watch won’t interact with your iPhone unless both are logged into the same Apple ID, and non-Apple products are not permitted to login and therefore not permitted to interoperate as richly. 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

i agree a lot of lockin can be constructed from a myriad of small inconveniences, but Apple is much more brutal than that. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

account registration requirements aren’t lock-in per se. they may serve lock-in, if for example products refuse to interoperate with products without the same vendor-specific registration.

in reply to this
Steve Randy Waldman
@interfluidity.com

sometimes the iresome gets tiresome.

Steve Randy Waldman
@interfluidity.com

(i have a view!)

in reply to this
Steve Randy Waldman
@interfluidity.com

have you ever experienced vendor lock-in from a Chinese product? how often from a product not sold by an American firm? is vendor lock-in an an usually American business model? not uniquely. spotify has obviously gone for lock-in via two-sided marketplace network effects. who else?

Steve Randy Waldman
@interfluidity.com

a bit wild to argue that customers using your product as advertised should be liable for trespasses of which they may be unaware. not sure you want to be the customer, then. ht @anthonymoser.com

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Steve Randy Waldman
@interfluidity.com

good to know our commanding heights are captained by sober non-narcissists.

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Steve Randy Waldman
@interfluidity.com

cold, man. faint praise.

in reply to this
Steve Randy Waldman
@interfluidity.com

i’m glad to hear it. (i’m probably more and more wobbly!)

in reply to this
Steve Randy Waldman
@interfluidity.com

a man who has starved and/or withheld lifesaving medical assistance from hundreds of thousands of people thinks Joyce Carol Oates is mean.

Steve Randy Waldman
@interfluidity.com

from @filipamv.bsky.social okayfail.com/2025/in-prai...

Text:

I have good news for you, though: assholes are a minority. People of conscience, people with good will and good intentions have always outnumbered psychopaths and sycophants. It might not feel that way but that's because psychopaths have a structural advantage: normal people aren't obsessed with climbing hierarchies and dominating others.

Look around you. The world runs on kindness and empathy. Hardly anything in our daily life would function at all if complete assholes were anything more than a tiny minority of the population. It actually takes a vast machinery to suppress this fact, and to reward evil behaviour. Text: I have good news for you, though: assholes are a minority. People of conscience, people with good will and good intentions have always outnumbered psychopaths and sycophants. It might not feel that way but that's because psychopaths have a structural advantage: normal people aren't obsessed with climbing hierarchies and dominating others. Look around you. The world runs on kindness and empathy. Hardly anything in our daily life would function at all if complete assholes were anything more than a tiny minority of the population. It actually takes a vast machinery to suppress this fact, and to reward evil behaviour.
Steve Randy Waldman
@interfluidity.com

“It’s Difficult To Overstate How Concentrated Wealth Is In The US” by @ianwelsh.bsky.social www.ianwelsh.net/its-difficul...

Link Preview: 
It’s Difficult To Overstate How Concentrated Wealth Is In The US: These two charts tell a story. First, the top .1%. Next, the top 1%. This chart is only to 2023. Now what you'll notice is that the top .1% holds about half the wealth of the top 1%. It's like this al...

It’s Difficult To Overstate How Concentrated Wealth Is In The US

Link Preview: It’s Difficult To Overstate How Concentrated Wealth Is In The US: These two charts tell a story. First, the top .1%. Next, the top 1%. This chart is only to 2023. Now what you'll notice is that the top .1% holds about half the wealth of the top 1%. It's like this al...
Steve Randy Waldman
@interfluidity.com

i feel like dementia is aspirational now, given how many famous powerful people now have it.

Steve Randy Waldman
@interfluidity.com

that’s precisely what distinguishes social insurance from market insurance. people buy market insurance voluntarily, knowing everything they know. 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

social insurance is compelled or subsidized, because the people who participate already know whether they’re more likely to get better deals or worse out of it, but collectively we have an interest in compressing outcomes, so we compel participation. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

Really? Here are the Michigan Consumer Survey questions from 2015. data.sca.isr.umich.edu/fetchdoc.php... 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

Do they capture what we care about, in terms of long-term economic welfare? Are you financially better off or worse off than five years ago? How are business conditions? What do you expect of inflation? How's the housing market? 2/

in reply to self
Steve Randy Waldman
@interfluidity.com

Is that "economic welfare" in any meaningful sense? If you have more savings than five years ago, but you're struggling to make ends meat 'cuz your kid's in college and rent's gone up, are you "financially better off"? 3/

in reply to self
Steve Randy Waldman
@interfluidity.com

If you think gas prices are going to decline, what's the relationship between that and economic welfare? 4/

in reply to self
Steve Randy Waldman
@interfluidity.com

These measures were never intended or designed to be used in the manner you are using them. They are intended to help make short-term predictions about the business cycle. That's what they were developed for. 5/

in reply to self
Steve Randy Waldman
@interfluidity.com

I agree the suicide rate is a very dirty measure. But it is more condign to the task of measuring welfare, the object of economics, than short-term consumer sentiment surveys. Yes. It's a bad measure! All the measures are bad! That is real life. 6/

in reply to self
Steve Randy Waldman
@interfluidity.com

You don't get to trump an argument because you have a measure, a very bad measure, but it is quantitative and you can find it on FRED! That is cargo cultism, not intelligence. /fin

in reply to self
Steve Randy Waldman
@interfluidity.com

The first Trump term was a cyclical uptick among a secular downturn. You'll object, by what measure? It's a hard question! Consumer sentiment surveys are weak predictors of anything, designed to capture cyclical not secular changes. Here's a measure, also dirty. www.nimh.nih.gov/health/stati...

Suicide

in reply to this
Steve Randy Waldman
@interfluidity.com

I never said people were always upset and anxious. I said a lot of people have been upset and anxious since at latest 2016, and it's obviously true. 1/

in reply to this
Steve Randy Waldman
@interfluidity.com

There are all kinds of "measures if economic optimism", but we had a national debate over deaths of despair during that period, and an election in 2020 where one major political party's primaries were devoted very disproportionately to the cost of health care. 2/

in reply to self
Steve Randy Waldman
@interfluidity.com

Trump's first term may not be by some measures the worst of times economically, but we've been in a period of widely expressed dissatisfaction and disillusionment with the US economy since at least the financial crisis, through the volatility of the business cycle. /fin

in reply to self