Piketty

I havenโ€™t said much about Pikettyโ€™s Capital because I havenโ€™t read the book, and probably donโ€™t intend to.

The r > g hypothesis is almost certainly true, as Piketty is just expanding on research done by other scholars that I have read.

Whatโ€™s more interesting to me is that r > g seems to me to actually create the conditions for its destruction (inequality leading to eventual war, etc.)

Iโ€™d like to see more research on that. I would definitely read that.

Data

Right now, Comcast has a 300GB data cap in many places. Itโ€™s also planning to roll data caps out everywhere.

The word is that the cap will eventually rise to 500GB per month. Seems generous, right?

Not really. 4K video is coming. (Actually, itโ€™s already here. Netflix streams some items in 4K already.)

Doing some basic math, a 4K video stream will eat 20 to 30 GB an hour

Say you have three family members or roommates who stream 5 movies a month each โ€“ not an unreasonable amount. (I have known people who watch 20-40 movies a month.)

So three people watching five 4K movies a month on Netflix == 750GB+. More than 250GB over the data cap set by Comcast. And that’s assuming they do nothing else at all with their connections. No online backups (which consume massive amounts of bandwidth). No web browsing. No connecting to work. No transferring photos. No YouTube. Etc.

If for some reason you think that 4K is some futuristic technology that no one will ever use โ€“ well, I remember when the same thing was being said about 1080p not all that long ago.

And now everyone nearly has a 1080p capable TV or monitor.

Comcastโ€™s data caps are ridiculously low, and in fact should not exist at all. In my opinion, data caps are just as large a threat to the internet as โ€œfast lanesโ€ and should be opposed everywhere they crop up.