YouTube's Long Road To Monetization

YouTube was always going to make money, just like Amazon was always going to make money. But it has perhaps needed Google's deep pockets to make it happen. Google has been patient. A wildly popular app since its very inception is still ahead of the curve. The Internet is still not fast enough for video. But YouTube chugs along.

Facebook Is Facing A Backlash

And that is putting it mildly. Facebook sure is facing a major backlash. The global darling app is seen using nefarious means. This is kind of like when Microsoft came under the gun in the late 1990s with monopoly accusations. The beating created space for other tech companies that became big. Facebook might have hit its high point. It is hard for one company to ride multiple technology waves. Although I have thought Facebook might also have some interesting VR applications in mind.

Here is Zuck's latest missive. He is on the defensive.

Employees have begun to worry that the company won’t be able to achieve its biggest goals if users decide that Facebook isn’t trustworthy enough to hold their data. At the meeting on Tuesday, the mood was especially grim. One employee told a Bloomberg Businessweek reporter that the only time he’d felt as uncomfortable at work, or as responsible for the world’s problems, was the day Donald Trump won the presidency.

Towards A Global Government

India has rolled out the biometric ID to almost its entire population. On top of that it has added a layer that works like Jack Ma's Alipay, only Alipay is in the private sector, the Indian version is in the public sector. Voting from the phone should become possible and private. Facial recognition technology minus possible abuse can be harnessed for safety and security. Digital makes business and vehicle registration easy. Solar energy is dropping in price at a dramatic pace and is set to blow open the number one constraint for the Global South's desire for prosperity: energy. When Musk puts over 4,000 satellites into orbit in a few years, you are looking at gigabit internet from every point to every other point on earth. Taking good care of earth will become possible. Much progress seems to be technology driven. But it is the human being that has to be placed at the center of the progress.

A world government has been long overdue. But it will soon become possible, and soon enough become inevitable. The first step might be to create a bicameral legislature in New York. In the lower house each member country has a voting weight in proportion to its population. In the upper house it is in proportion to its GDP. Each member country pays 1% of its GDP in tax. That makes the world government's budget. The President of the World is required to garner a majority in both chambers, limited to two five year terms. Eventually when at least half of humanity has biometric IDs and can vote from mobile phones, the President of the World can be directly elected. Local, state, federal, global -- these would be the four layers of government everywhere on earth, except where the country might be too small, or too homogenous for a federal setup.

The world government is not the UN. It is a new thing, just like the UN was not the League Of Nations. There will be a President Of The World. There will be a global parliament. There will be a World Court. There will be the three branches. All global institutions will be subsumed by the world government.

This century is not the American, or the Chinese, or the Indian, or the Asian, or the African century. This is the global century. All world will become one country. The basic needs of all human beings will be met. Primarily because the Age Of Abundance is right around the corner, much of it technology driven.

Multinational corporations are already global, finance has long been global, but there is not the robust political framework. That robust political framework will also be good for the MNCs, also for global finance.