WEBVTT - TechStuff Tidbits: The Problems of Obsolescence

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<v Speaker 1>Welcome to tex Stuff, a production from my Heart Radio.

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<v Speaker 1>Hey there, and welcome to tech Stuff. I'm your host,

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<v Speaker 1>Joathan Strickland. I'm an executive producer with I Heart Radio

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<v Speaker 1>and how the tech are you. It's time for a

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<v Speaker 1>text Stuff Tidbits probably gonna be how longer tidbits episodes?

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<v Speaker 1>I just don't know how to do short ones apparently,

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<v Speaker 1>But I wanted to talk about obsolescence. Uh. And this

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<v Speaker 1>is because I read an article which I'll be talking

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<v Speaker 1>about later in this episode that really got me to

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<v Speaker 1>thinking about it in kind of a big picture way.

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<v Speaker 1>And um, I really want to talk about the dangers

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<v Speaker 1>of obsolescence, of of technology going obsolete. And I've done

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<v Speaker 1>a few episodes where I've talked about these kind of things.

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<v Speaker 1>I know, I as actor and I did a fun

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<v Speaker 1>episode where we just talked about, you know, technology that

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<v Speaker 1>no longer is really relevant. But this goes beyond that.

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<v Speaker 1>I've also talked about this with in connection to the

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<v Speaker 1>right to repair, and in case you're new to that phrase,

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<v Speaker 1>it refers to a movement in which consumers and some

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<v Speaker 1>organizations are really pressuring companies to open up options for

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<v Speaker 1>the maintenance and repair of their products. That they produce

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<v Speaker 1>so that you are not forced as a customer to

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<v Speaker 1>either throw out something that no longer works and then

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<v Speaker 1>replace it prematurely, or you have to jump through hoops

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<v Speaker 1>to go through the quote unquote official channels to repair it.

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<v Speaker 1>And we all know why companies want to build these

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<v Speaker 1>kinds of systems that require users to go through official channels.

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<v Speaker 1>And it's all called revenue. Um. If I make a

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<v Speaker 1>widget and I sell my widget to you, well that's

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<v Speaker 1>good for me, you know, but it's only good that

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<v Speaker 1>one time, because you might your widget and then you're

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<v Speaker 1>off on your married little way. But if I also

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<v Speaker 1>make sure that I build the widgets in such a

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<v Speaker 1>way that only I am able to do maintenance and

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<v Speaker 1>repair on those widgets, well then you have no option

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<v Speaker 1>but to bring the widget back to me when you

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<v Speaker 1>need that kind of work done and then pay me

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<v Speaker 1>a fee in the process. Or you have to throw

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<v Speaker 1>away your broken widget and maybe you're gonna buy a

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<v Speaker 1>new one from me. You know that either way, I

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<v Speaker 1>make money. And when my widget company becomes a global conglomerate,

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<v Speaker 1>you know, widgets around the world, I might end up

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<v Speaker 1>creating a whole network of repair shops out there, and

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<v Speaker 1>each one has to pay me a hefty license fee

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<v Speaker 1>for the privilege of being allowed to work on widgets.

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<v Speaker 1>And I then provide the correct tools and documentation so

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<v Speaker 1>that people can do that, but only if they pay

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<v Speaker 1>me the licensing fee. So that independent repair shop down

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<v Speaker 1>the road that you have a good relationship with, well,

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<v Speaker 1>they don't get access to in of those resources, or

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<v Speaker 1>you know, they might be ill equipped to do any

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<v Speaker 1>work on the product, or they might even be incapable

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<v Speaker 1>of during doing work on the product because I've locked

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<v Speaker 1>it away essentially, and they're not part of the system,

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<v Speaker 1>so you can't go to them. So the right to

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<v Speaker 1>repair movement essentially says it is unfair and anti competitive

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<v Speaker 1>for companies to lock down their products so that you

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<v Speaker 1>can't maintain and repair stuff yourself or to go to

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<v Speaker 1>someone of your own choosing. And we're seeing that kind

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<v Speaker 1>of story you play out across the world. Various governments

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<v Speaker 1>are starting to pass laws to try and guarantee the

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<v Speaker 1>right to repair. And this will also come into play

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<v Speaker 1>with the concept of obsolescence. So when I say obsolescence,

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<v Speaker 1>I'm thinking about a few possible pathways that essentially lead

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<v Speaker 1>to the same destination. And the destination is that you've

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<v Speaker 1>got a product or maybe a service that no longer

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<v Speaker 1>is receiving support from the company that created it. Uh,

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<v Speaker 1>the product or service might still work, but there are

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<v Speaker 1>better or at least more supported options that are out there,

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<v Speaker 1>and over time its performance will diminish. So in other words,

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<v Speaker 1>maybe you've got a particular hardware gadget. The company that

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<v Speaker 1>made that gadget has gone out of business, and so

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<v Speaker 1>you don't have any way of getting in your replacement

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<v Speaker 1>parts or anything. No one's making them because the company

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<v Speaker 1>that did make them is gone now. So while it works,

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<v Speaker 1>it's fine, but once it breaks down, you might be

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<v Speaker 1>stuck with just a dead piece of technology. And this

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<v Speaker 1>is a huge problem in tech in general. And it's

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<v Speaker 1>also kind of what the tech industry is largely built upon,

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<v Speaker 1>and that can be a really bad thing. In fact,

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<v Speaker 1>it's kind of what you know, hype and product cycles

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<v Speaker 1>are all built around. So I always think of back

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<v Speaker 1>in the day when Steve Jobs was alive and he

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<v Speaker 1>was Master of the Product presentation at Apple. You could

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<v Speaker 1>really sense audience excitement in an Apple presentation. Even if

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<v Speaker 1>you were just watching that presentation on streaming video. You

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<v Speaker 1>could just sense how excited the crowd was, and Steve

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<v Speaker 1>Jobs would come up on stage and pull out the

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<v Speaker 1>latest iPhone or iPad or Mac or whatever and gush

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<v Speaker 1>about how it blows the doors off all the other

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<v Speaker 1>technologies out there, either like introducing something for the first time,

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<v Speaker 1>like that first iPhone presentation way back in early two

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<v Speaker 1>thousand seven, or showing how the latest model has become

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<v Speaker 1>an incredible improvement over all past models, and everyone ends

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<v Speaker 1>up going nuts. The crowd ate it up. And these

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<v Speaker 1>were the same crowds who a year earlier would have

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<v Speaker 1>gone gaga over the previous generation of those products and

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<v Speaker 1>so on, But now it was almost like they were

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<v Speaker 1>ready to throw their current iPhone or iPad or whatever

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<v Speaker 1>into the garbage and rush out and buy a new one.

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<v Speaker 1>Now I'm exaggerating a little bit, but only a little bit.

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<v Speaker 1>So Back in two thousand fourteen, Rogerner of Recon dug

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<v Speaker 1>through some data and discovered that about forty of smartphone

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<v Speaker 1>owners were updating their phones every single year. Now, that's

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<v Speaker 1>pretty incredible. Here in the United States, back when the

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<v Speaker 1>iPhone first came out, it was pretty standard to sign

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<v Speaker 1>two year contract agreements with providers like cell phone providers

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<v Speaker 1>and it would lock you into that provider for two years.

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<v Speaker 1>But as part of that you would typically typically get

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<v Speaker 1>a really big discount on phone models, so your your

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<v Speaker 1>phone choice was being subsidized. You weren't having to pay

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<v Speaker 1>the full retail price for a phone, which was considered

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<v Speaker 1>to be a pretty nice trade off because the upfront

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<v Speaker 1>cost was so much lower. In fact, with a lot

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<v Speaker 1>of phone plans, the phone would be part of the plan.

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<v Speaker 1>You wouldn't be paying any extra. Now that money would

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<v Speaker 1>be factored into your monthly ill, but that was monthly.

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<v Speaker 1>It wasn't all up front, and it was just a

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<v Speaker 1>different world back then. Like these days, you typically buy

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<v Speaker 1>your phone outright and then you have it added on

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<v Speaker 1>to whatever plan you happen to have, or maybe you

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<v Speaker 1>even switch plans. It's a very different world. But yeah,

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<v Speaker 1>back then, getting a new phone often meant that you

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<v Speaker 1>were agreeing to a two year contract, and if you

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<v Speaker 1>were upgrading every year, then it's not like you were

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<v Speaker 1>renewing that two year agreement. Instead, you were having to

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<v Speaker 1>pay the upfront cost of the smartphone and keep it

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<v Speaker 1>on the plan that you already had, or you were

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<v Speaker 1>gonna have to pay extra and cancel a plan. So

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<v Speaker 1>it was pretty remarkable that still for people of smartphone

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<v Speaker 1>owners were actually going through that process here in the US,

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<v Speaker 1>because I mean it was not it was it was

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<v Speaker 1>a considerable investment. Now that churn rate forty percent of

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<v Speaker 1>the owners upgrading every year. That was great for Apple,

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<v Speaker 1>It was tough on consumers, and it was terrible for

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<v Speaker 1>the environ It still is. But it showed that the

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<v Speaker 1>consuming public was a willing participant in this acceleration of obsolescence.

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<v Speaker 1>And I'm not even getting into the concept of planned obsolescence.

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<v Speaker 1>That's when a company creates a product or service where

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<v Speaker 1>the company already anticipates when it will stop supporting that

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<v Speaker 1>service or when it will replace it. Um. And that

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<v Speaker 1>means that we already know from the get go that

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<v Speaker 1>this thing that's going out has a limited lifespan, and

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<v Speaker 1>after that it's kind of buyer beware. Um, I'm not

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<v Speaker 1>even talking about that. Or you know technology that's only

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<v Speaker 1>designed to last a couple of years and then breaks

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<v Speaker 1>down so you are forced to replace it. That's another

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<v Speaker 1>element of obsolescence, but I've covered it before. Uh, but yeah,

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<v Speaker 1>that also plays a role in this. But let's think

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<v Speaker 1>about the consequences that follow from this trend of needing

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<v Speaker 1>to replace technology so frequent a and how those consequences

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<v Speaker 1>can play out. Now, I mentioned environmental impact that actually

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<v Speaker 1>is really huge. The whole supply chain, from start to finish,

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<v Speaker 1>has a massive environmental impact, and it's rarely a good one.

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<v Speaker 1>For example, let's look at the very beginning of the

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<v Speaker 1>supply chain. So a lot of tech that we have

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<v Speaker 1>requires stuff that uses what we call rare earth metals.

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<v Speaker 1>Rare earth metals consist of a group of seventeen elements.

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<v Speaker 1>Fifteen of them are lanthanide elements. The two others are

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<v Speaker 1>not lanthanides, but they're frequently found in the same ores

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<v Speaker 1>as the other lanthanides are, and as rare earth metals implies,

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<v Speaker 1>all seventeen of the elements are classified as metals, and

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<v Speaker 1>unlike metals like iron, these elements don't appear as visible

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<v Speaker 1>lumps and or you're not going to find a vein

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<v Speaker 1>of these lanthanides. They're actually not that rare um not

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<v Speaker 1>in the grand scheme of things. Most of them are

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<v Speaker 1>far more abundant in the Earth's crust than say, gold is. However,

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<v Speaker 1>most of the time they're found in such low concentrations

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<v Speaker 1>that mining them would cost more than what you would

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<v Speaker 1>get out of what you mind, so you would be

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<v Speaker 1>losing money on the process. So it's not that there

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<v Speaker 1>isn't a lot of these rare earth metals out there,

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<v Speaker 1>but that it takes a lot of effort to get

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<v Speaker 1>enough of them efficiently to make a profit. Now, these

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<v Speaker 1>metals are embedded in minerals and rocks, so you have

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<v Speaker 1>to take several steps to get at the metals. One

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<v Speaker 1>way you could do this is you could just you know,

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<v Speaker 1>dig up a massive pit and you use explosives to

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<v Speaker 1>break up rocks, and you shovel up all the broken pieces,

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<v Speaker 1>and you put these pieces through a process in which

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<v Speaker 1>you crush the rocks down and use chemicals to separate

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<v Speaker 1>the metals from the minerals, and then you skim the

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<v Speaker 1>metals away and you use those and you're left with

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<v Speaker 1>a lot of waste rock and chemical mixtures that you

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<v Speaker 1>have to dispose of properly, and all of that just

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<v Speaker 1>to get it that low concentration of those rare earth metals,

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<v Speaker 1>and we need a lot of those. Not just for

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<v Speaker 1>the tech industry though, that is one that has a

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<v Speaker 1>very high demand for these rare earth metals. But they're

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<v Speaker 1>used in stuff like batteries, for example, and as we

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<v Speaker 1>shift more towards depending upon stuff like electric motors to

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<v Speaker 1>power our vehicles, the demand for rare earth metals is

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<v Speaker 1>going to continue to rise dramatically. They're also really important

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<v Speaker 1>for renewable energy systems like wind turbines, which is kind

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<v Speaker 1>of ironic when you think of the potential environmental impact

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<v Speaker 1>of mining. But we also use them for stuff like

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<v Speaker 1>catalysts to facilitate certain chemical processes, or phosphors to illuminate

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<v Speaker 1>stuff like screens, or use them to polish glass in

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<v Speaker 1>order to produce high performing optics. Militaries around the world

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<v Speaker 1>depend up on rare earth metals is a critical component

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<v Speaker 1>in high tech military gear, everything from GPS equipment to

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<v Speaker 1>guided missiles. So we need a lot of this stuff.

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<v Speaker 1>And like I said, while there's plenty of it on Earth,

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<v Speaker 1>it isn't always found in high concentrations. So this leads

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<v Speaker 1>us to the really ugly part of that situation. I'll

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<v Speaker 1>talk about that after we come back from this break. Okay,

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<v Speaker 1>to have a mining operation that's large enough to get

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<v Speaker 1>sufficient amounts of rare earth metals, and yet the operation

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<v Speaker 1>has to be cheap enough so that it can be profitable.

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<v Speaker 1>Certain conditions need to be present, and one of those

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<v Speaker 1>typically is a general disregard for the environment. Putting environmental

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<v Speaker 1>protections in place, you know, taking care not to cause damage,

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<v Speaker 1>and addressing problems as they arise. All of that is

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<v Speaker 1>expensive and time consuming, and if your profit depends on

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<v Speaker 1>keeping costs down, you're probably not going to pay that

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<v Speaker 1>much attention to environmental concerns. So that means a lot

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<v Speaker 1>of rare earth metal mining operations are taking place in

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<v Speaker 1>regions where there are lacks or no environmental protections in place.

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<v Speaker 1>Some places would forego pretty much even the most basic

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<v Speaker 1>environmental protections and would just start pumping stuff like ammonium

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<v Speaker 1>chloride and ammonium sulfate directly into the earth, all in

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<v Speaker 1>an effort to separate rare earth metals from the rest

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<v Speaker 1>of the soil and rock in there. This was a

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<v Speaker 1>pretty common practice in China. For example, the chemical waste

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<v Speaker 1>can be environmentally hazardous. In China, it wasn't unusual to

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<v Speaker 1>simply build wastewater pools to hold the runoff. They were

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<v Speaker 1>kind of like massive above ground pools literally, and they

0:13:49.800 --> 0:13:54.240
<v Speaker 1>would just hold the wastewater and these pools frequently had

0:13:54.280 --> 0:13:57.400
<v Speaker 1>little to no protection around them, meaning that if something

0:13:57.400 --> 0:14:01.520
<v Speaker 1>were to disturb the pools, the wastewater could potentially contaminate

0:14:01.559 --> 0:14:04.960
<v Speaker 1>the local area. Some of the waste materials are not

0:14:05.040 --> 0:14:10.000
<v Speaker 1>just toxic, but somewhat radioactive, which creates additional concerns. And

0:14:10.280 --> 0:14:13.200
<v Speaker 1>I'm mostly using the past tense here because in recent years,

0:14:13.280 --> 0:14:16.680
<v Speaker 1>China has started to address this issue, working toward new

0:14:16.679 --> 0:14:21.560
<v Speaker 1>ways to mind rare earth metals that are more environmentally responsible.

0:14:22.040 --> 0:14:25.920
<v Speaker 1>But for a couple of decades that just wasn't the case.

0:14:26.600 --> 0:14:29.200
<v Speaker 1>And now there are regions in China where the locals

0:14:29.240 --> 0:14:32.720
<v Speaker 1>are having to tackle monumental cleanup jobs that could take

0:14:32.760 --> 0:14:37.720
<v Speaker 1>as long as a century to complete. Then, on top

0:14:37.760 --> 0:14:41.440
<v Speaker 1>of the environmental concerns, we have human rights concerns. In

0:14:41.480 --> 0:14:45.239
<v Speaker 1>places like the Democratic Republic of the Congo, mining operations

0:14:45.280 --> 0:14:50.600
<v Speaker 1>are sometimes run by violent militias which sometimes rely on

0:14:50.720 --> 0:14:55.320
<v Speaker 1>forced labor to operate, the mind so slavery essentially. While

0:14:55.440 --> 0:14:58.480
<v Speaker 1>China is the main source for many rare earth metals,

0:14:58.880 --> 0:15:01.920
<v Speaker 1>some of them do also come out of Africa and

0:15:01.960 --> 0:15:06.600
<v Speaker 1>so are heavy dependence upon the materials helps support violent

0:15:06.680 --> 0:15:11.640
<v Speaker 1>groups and human suffering, and that makes that obsolescence problem

0:15:11.760 --> 0:15:15.040
<v Speaker 1>all the more critical, right. I mean, it's grim enough

0:15:15.240 --> 0:15:17.840
<v Speaker 1>that we're having to deal with the consequences of our

0:15:17.880 --> 0:15:21.200
<v Speaker 1>technological needs this way, but then to add with it

0:15:21.280 --> 0:15:23.960
<v Speaker 1>this cycle in which we're encouraged to replace our tech

0:15:24.040 --> 0:15:28.080
<v Speaker 1>frequently and make the problem worse. It exacerbates everything. It's

0:15:28.120 --> 0:15:30.600
<v Speaker 1>it's pretty gruesome when you think about it. And then

0:15:31.040 --> 0:15:34.320
<v Speaker 1>on top of that, for another environmental issue, what do

0:15:34.360 --> 0:15:36.520
<v Speaker 1>you do with the old tech, the stuff that went

0:15:36.560 --> 0:15:40.280
<v Speaker 1>obsolete if you can't repair it, which is you know,

0:15:40.520 --> 0:15:43.000
<v Speaker 1>part of the issue. If you're not able to repair it,

0:15:43.160 --> 0:15:45.360
<v Speaker 1>or even if you did repair it, but it couldn't

0:15:45.480 --> 0:15:47.600
<v Speaker 1>keep up with what you needed to do because everything

0:15:47.600 --> 0:15:51.760
<v Speaker 1>else has advanced beyond the capabilities of the hardware. What

0:15:51.800 --> 0:15:54.600
<v Speaker 1>do you do with the hardware? The ideally you would

0:15:54.800 --> 0:15:57.120
<v Speaker 1>send it to a place where it could be recycled

0:15:57.480 --> 0:16:00.280
<v Speaker 1>or the materials inside it could be reclaimed and then

0:16:00.440 --> 0:16:04.120
<v Speaker 1>used in other materials other products down the line. But

0:16:04.200 --> 0:16:06.080
<v Speaker 1>a lot of it just ends up going to landfills.

0:16:06.120 --> 0:16:08.560
<v Speaker 1>And that's awful, especially when you consider that a lot

0:16:08.560 --> 0:16:12.160
<v Speaker 1>of the stuff that goes into our tech is potentially

0:16:12.360 --> 0:16:15.200
<v Speaker 1>you know, it is toxic and could potentially contaminate the

0:16:15.280 --> 0:16:19.120
<v Speaker 1>environment if it leaches out of the hardware. So again,

0:16:20.000 --> 0:16:25.880
<v Speaker 1>this obsolescence issue is feeding into the environmental crisis. And

0:16:25.920 --> 0:16:27.880
<v Speaker 1>of course there are other things we should have to

0:16:27.920 --> 0:16:30.320
<v Speaker 1>think about two and these aren't quite as global a

0:16:30.360 --> 0:16:34.280
<v Speaker 1>concern like They're not like I would argue, environmental impact

0:16:34.320 --> 0:16:39.080
<v Speaker 1>that almost gets to existential levels of crisis. Human rights

0:16:39.160 --> 0:16:43.440
<v Speaker 1>violations also obviously incredibly important. But there are some other

0:16:43.560 --> 0:16:46.120
<v Speaker 1>things that we have to remember as well. There aren't

0:16:46.160 --> 0:16:49.960
<v Speaker 1>that critical in that same scale, but are still important.

0:16:50.000 --> 0:16:53.240
<v Speaker 1>For example, there's the burden that companies carry when they

0:16:53.240 --> 0:16:56.000
<v Speaker 1>go all in on a certain system. This is how

0:16:56.040 --> 0:16:59.400
<v Speaker 1>we get what we call legacy systems. So let's use

0:16:59.480 --> 0:17:03.800
<v Speaker 1>a hypothetical picture to understand this, all right, So we've

0:17:03.880 --> 0:17:08.760
<v Speaker 1>got this business um, and this business company does business

0:17:08.800 --> 0:17:11.840
<v Speaker 1>e stuff in the business world in the nineteen sixties,

0:17:12.520 --> 0:17:16.600
<v Speaker 1>and the company decides to purchase a brand new computer

0:17:16.640 --> 0:17:21.399
<v Speaker 1>system in order to run certain critical operations. That's going

0:17:21.440 --> 0:17:23.560
<v Speaker 1>to free up people so that they only have to

0:17:23.560 --> 0:17:26.280
<v Speaker 1>work an hour a day, at least, that's what we

0:17:26.320 --> 0:17:28.040
<v Speaker 1>all believe back in the day. It turns out that

0:17:28.080 --> 0:17:30.840
<v Speaker 1>work will fill up all the available hours, even if

0:17:30.840 --> 0:17:35.000
<v Speaker 1>we offload some of the workload to machines. Anyway, the

0:17:35.080 --> 0:17:40.639
<v Speaker 1>company's processes lean very heavily on this new technology. Some

0:17:40.760 --> 0:17:44.879
<v Speaker 1>of it's automated. All these different special proprietary programs have

0:17:44.920 --> 0:17:49.000
<v Speaker 1>been written, and these very key functions are moved onto

0:17:49.000 --> 0:17:53.159
<v Speaker 1>this machine. Now, meanwhile, the company grows and expands, It

0:17:53.240 --> 0:17:57.119
<v Speaker 1>adds to its services, it invests in new systems, but

0:17:57.280 --> 0:17:59.800
<v Speaker 1>in an effort to be as efficient as possible the

0:18:00.040 --> 0:18:03.560
<v Speaker 1>but it continues to rely on this older computer system

0:18:03.600 --> 0:18:08.040
<v Speaker 1>to run that certain group of mission critical processes because

0:18:08.119 --> 0:18:12.000
<v Speaker 1>building a comparable new system to handle those tasks and

0:18:12.000 --> 0:18:15.520
<v Speaker 1>then migrating everything over to the new system would be

0:18:15.600 --> 0:18:19.879
<v Speaker 1>costly and time consuming. So time goes on. Now we're

0:18:19.920 --> 0:18:22.919
<v Speaker 1>at a point where modern systems aren't compatible with the

0:18:22.920 --> 0:18:24.840
<v Speaker 1>older one at all, but we still need to run

0:18:24.880 --> 0:18:27.760
<v Speaker 1>those those old processes. They're still part of our business.

0:18:28.320 --> 0:18:30.760
<v Speaker 1>We might even be at a point where no one

0:18:30.800 --> 0:18:33.800
<v Speaker 1>on staff really has the knowledge that the company had

0:18:33.840 --> 0:18:36.679
<v Speaker 1>relied upon in the past. So building a new version

0:18:36.720 --> 0:18:39.040
<v Speaker 1>of the old system is even harder because no one

0:18:39.080 --> 0:18:42.000
<v Speaker 1>remembers how the old one was built. Right, You have

0:18:42.080 --> 0:18:45.960
<v Speaker 1>this loss of knowledge over time. This does happen in companies,

0:18:46.440 --> 0:18:48.919
<v Speaker 1>so then the company continues to try and support the

0:18:48.960 --> 0:18:53.200
<v Speaker 1>old computer system, now an ancient computer system that's running

0:18:53.200 --> 0:18:57.159
<v Speaker 1>this original process because those processes are still important to

0:18:57.160 --> 0:18:59.960
<v Speaker 1>the business, and the company really has to scramble whenever

0:19:00.040 --> 0:19:04.480
<v Speaker 1>the old computer system breaks down. And all things breakdown

0:19:04.680 --> 0:19:08.920
<v Speaker 1>over time, gosh darn it entropy, so this is not easy.

0:19:08.960 --> 0:19:13.359
<v Speaker 1>By now, the company that produced the original computer system

0:19:13.520 --> 0:19:16.680
<v Speaker 1>might be out of business, or maybe it is in business,

0:19:16.680 --> 0:19:19.159
<v Speaker 1>but it's long stop supporting that piece of equipment, so

0:19:19.200 --> 0:19:21.520
<v Speaker 1>you have no one to turn to when things go

0:19:21.600 --> 0:19:24.200
<v Speaker 1>wrong in that case. Now, this happens all the time,

0:19:24.359 --> 0:19:28.480
<v Speaker 1>particularly for companies that have to build out really customized

0:19:29.000 --> 0:19:31.960
<v Speaker 1>systems to handle stuff that might be unique to that

0:19:32.040 --> 0:19:37.040
<v Speaker 1>one company. So every time they upgrade their processes or

0:19:37.080 --> 0:19:40.360
<v Speaker 1>their systems, management has to decide whether or not they

0:19:40.359 --> 0:19:43.800
<v Speaker 1>should invest even more money to migrate stuff off of

0:19:43.840 --> 0:19:47.240
<v Speaker 1>old platforms or just to keep relying on the old ones.

0:19:47.640 --> 0:19:50.640
<v Speaker 1>And sometimes the idea of migration really feels like you're

0:19:50.680 --> 0:19:53.159
<v Speaker 1>reinventing the wheel. So it kind of is hard to

0:19:53.200 --> 0:19:56.560
<v Speaker 1>go to different stakeholders in the company and say, hey, guys,

0:19:56.560 --> 0:19:59.280
<v Speaker 1>I know we've already done this, but we kind of

0:19:59.320 --> 0:20:01.399
<v Speaker 1>need to do it again in on this new system

0:20:01.440 --> 0:20:05.680
<v Speaker 1>so that we can operate with fewer risks, and invariably

0:20:05.680 --> 0:20:08.880
<v Speaker 1>someone's going to say, well, what's wrong with the old one? Now?

0:20:08.920 --> 0:20:12.400
<v Speaker 1>The same thing holds true for tons of individual consumers

0:20:12.440 --> 0:20:15.160
<v Speaker 1>to One of the things that always blows my mind

0:20:15.200 --> 0:20:17.479
<v Speaker 1>is when I look at the market share for various

0:20:17.600 --> 0:20:21.840
<v Speaker 1>versions of the Windows operating system. Now, I know I'm

0:20:21.880 --> 0:20:25.159
<v Speaker 1>talking about software in this case rather than hardware, but

0:20:26.000 --> 0:20:28.560
<v Speaker 1>software does relate back to hardware because one of the

0:20:28.600 --> 0:20:32.800
<v Speaker 1>issues is as operating systems get more complex, they require

0:20:32.880 --> 0:20:36.760
<v Speaker 1>more advanced hardware to run. That means if you are

0:20:36.840 --> 0:20:40.679
<v Speaker 1>stuck with an older computer, right you can't afford to

0:20:40.960 --> 0:20:42.960
<v Speaker 1>buy a new one, maybe you don't have access to

0:20:43.000 --> 0:20:44.480
<v Speaker 1>a new one. You could be in a part of

0:20:44.480 --> 0:20:47.399
<v Speaker 1>the world where you have an old computer and that's

0:20:47.440 --> 0:20:50.200
<v Speaker 1>that's as good as it's going to be for you. Well,

0:20:50.960 --> 0:20:54.480
<v Speaker 1>you have no real access to newer operating systems because

0:20:55.240 --> 0:20:58.879
<v Speaker 1>your hardware isn't capable of running them, so you're stuck

0:20:58.920 --> 0:21:03.080
<v Speaker 1>on the older models. I decided I wanted to look

0:21:03.119 --> 0:21:07.280
<v Speaker 1>at the distribution of current Windows market share on desktop computers.

0:21:07.320 --> 0:21:10.600
<v Speaker 1>So more than eight of those computers are still using

0:21:10.600 --> 0:21:13.639
<v Speaker 1>Windows ten. I should remind you that's not the latest

0:21:13.720 --> 0:21:16.600
<v Speaker 1>version of Windows, but it is by far the most

0:21:16.640 --> 0:21:21.360
<v Speaker 1>popular version out there. However, point four nine per cent

0:21:21.880 --> 0:21:26.119
<v Speaker 1>of desktop systems are still using Windows XP. Now, I

0:21:26.200 --> 0:21:30.000
<v Speaker 1>know point for nine is tiny, it's literally less than

0:21:30.080 --> 0:21:34.200
<v Speaker 1>half a percentage point, but keep in mind Windows XP

0:21:34.440 --> 0:21:37.560
<v Speaker 1>first came out in two thousand one, more than twenty

0:21:37.680 --> 0:21:42.680
<v Speaker 1>years ago, and Microsoft ended all support for the operating

0:21:42.680 --> 0:21:47.600
<v Speaker 1>system back in. That means there have been no patches,

0:21:47.800 --> 0:21:51.320
<v Speaker 1>no updates for about eight years, and there are a

0:21:51.400 --> 0:21:54.520
<v Speaker 1>whole bunch of reasons why that means sticking with Windows

0:21:54.640 --> 0:22:00.280
<v Speaker 1>XP is a bad thing. Interestingly, there's still more folks

0:22:00.600 --> 0:22:05.119
<v Speaker 1>using Windows XP then there are using Windows Vista. Windows

0:22:05.240 --> 0:22:08.560
<v Speaker 1>Vista accounts for just point one nine of all desktop

0:22:08.600 --> 0:22:12.000
<v Speaker 1>Windows machines, and Vista came out in two thousand seven.

0:22:12.240 --> 0:22:15.080
<v Speaker 1>It was actually meant to be the successor to Windows XP.

0:22:16.440 --> 0:22:19.680
<v Speaker 1>So you see how that went. All right, I'm gonna

0:22:19.680 --> 0:22:22.399
<v Speaker 1>be ranting a little bit longer, but actually probably get

0:22:22.400 --> 0:22:32.199
<v Speaker 1>a drink, so we're gonna take another quick break. Okay,

0:22:32.240 --> 0:22:35.840
<v Speaker 1>before the break, my point was that people rely on

0:22:35.920 --> 0:22:39.320
<v Speaker 1>computers running on Windows XP no longer have support for

0:22:39.359 --> 0:22:43.280
<v Speaker 1>that operating system. Microsoft does not support it anymore, and

0:22:43.640 --> 0:22:46.639
<v Speaker 1>any vulnerabilities in the operating system are going to stay

0:22:46.640 --> 0:22:51.000
<v Speaker 1>there no matter what. There's no hope of the security patch. Now,

0:22:51.480 --> 0:22:54.840
<v Speaker 1>you could argue that because the market share is so

0:22:55.000 --> 0:22:58.280
<v Speaker 1>low that so relatively so few people are actually using

0:22:58.320 --> 0:23:02.040
<v Speaker 1>Windows XP, no one would really bother to try and

0:23:02.119 --> 0:23:06.680
<v Speaker 1>exploit a vulnerability that's there anyway, because the target population

0:23:06.760 --> 0:23:08.600
<v Speaker 1>would be too small to make it worth your while.

0:23:08.640 --> 0:23:13.320
<v Speaker 1>In other words, you could create malware, but you would

0:23:13.320 --> 0:23:17.200
<v Speaker 1>be hitting so few people. What would be the point that?

0:23:17.200 --> 0:23:21.400
<v Speaker 1>That is a an argument security through obscurity, But when

0:23:21.480 --> 0:23:25.399
<v Speaker 1>companies in support, it means folks can be left without options.

0:23:25.520 --> 0:23:27.640
<v Speaker 1>And I want to be clear, I am not saying

0:23:27.640 --> 0:23:31.639
<v Speaker 1>that companies are obligated to continue to provide support, and

0:23:31.800 --> 0:23:36.240
<v Speaker 1>definitely that would be unreasonable and frankly impossible unless we

0:23:36.280 --> 0:23:39.240
<v Speaker 1>all just collectively said, yeah, we're good, we don't we

0:23:39.280 --> 0:23:41.119
<v Speaker 1>don't need things to be any better than how they

0:23:41.119 --> 0:23:44.080
<v Speaker 1>are right now. And you know that doesn't sound likely.

0:23:44.480 --> 0:23:46.679
<v Speaker 1>So it's more that I just want folks to be

0:23:46.840 --> 0:23:51.320
<v Speaker 1>aware of these consequences, that these things happen, and to

0:23:51.440 --> 0:23:55.480
<v Speaker 1>plan for that, to take that into account. So let's

0:23:55.600 --> 0:23:58.679
<v Speaker 1>relate this back to that right to repair movement. So

0:23:58.720 --> 0:24:01.320
<v Speaker 1>another reason it's so in hordnant to have the right

0:24:01.359 --> 0:24:05.360
<v Speaker 1>to repair is because companies can and do in support

0:24:05.440 --> 0:24:09.840
<v Speaker 1>for certain products, whether they are hardware or software. Sometimes

0:24:09.840 --> 0:24:11.960
<v Speaker 1>the company does this by choice because they want to

0:24:12.000 --> 0:24:16.320
<v Speaker 1>focus on newer products. Sometimes it's by necessity because the

0:24:16.359 --> 0:24:19.080
<v Speaker 1>company might just go out of business so there's no

0:24:19.119 --> 0:24:22.480
<v Speaker 1>one left to provide support. But then, what happens if

0:24:22.520 --> 0:24:25.720
<v Speaker 1>you depend upon that company's older product. What if that's

0:24:25.760 --> 0:24:29.520
<v Speaker 1>critical to your business. Well, for small stuff, it could

0:24:29.560 --> 0:24:32.639
<v Speaker 1>be an annoyance, right, maybe a tiny hardship for you

0:24:32.720 --> 0:24:35.680
<v Speaker 1>to go out and find a replacement. But let's think

0:24:35.720 --> 0:24:40.880
<v Speaker 1>about bigger things, like massive pieces of equipment or more critically,

0:24:41.440 --> 0:24:45.359
<v Speaker 1>medical gear. So first let's talk about heavy equipment. So

0:24:46.480 --> 0:24:48.879
<v Speaker 1>some of the most passionate folks in the right to

0:24:48.920 --> 0:24:52.840
<v Speaker 1>repair movement are farmers. They want the ability to do

0:24:52.960 --> 0:24:56.840
<v Speaker 1>maintenance and repair on farming equipment, which they rely upon

0:24:56.960 --> 0:25:00.520
<v Speaker 1>for their livelihoods and which, due to heavy use, can

0:25:00.640 --> 0:25:04.639
<v Speaker 1>frequently require maintenance and repair by companies like John Deere

0:25:05.080 --> 0:25:09.000
<v Speaker 1>have essentially locked away the ability to make those kinds

0:25:09.000 --> 0:25:12.800
<v Speaker 1>of repairs so that you can only do them if

0:25:12.840 --> 0:25:16.040
<v Speaker 1>you have the access and tools to do them, and

0:25:16.119 --> 0:25:21.040
<v Speaker 1>John Dear reserves that access to licensed repair shops and dealerships.

0:25:21.480 --> 0:25:24.400
<v Speaker 1>That means if you are a farmer and your equipment

0:25:24.400 --> 0:25:27.600
<v Speaker 1>breaks down, you can't fix it yourself. You have to

0:25:27.680 --> 0:25:30.720
<v Speaker 1>take that to one of these licensed entities to get

0:25:30.760 --> 0:25:35.320
<v Speaker 1>work done. You probably won't have many options in certain regions,

0:25:35.359 --> 0:25:38.119
<v Speaker 1>which also means you're going to get locked into whatever

0:25:38.200 --> 0:25:42.280
<v Speaker 1>the price to repair the thing is right at that place.

0:25:42.320 --> 0:25:45.360
<v Speaker 1>You can't shop around. In the words, you can't say, oh, well,

0:25:45.400 --> 0:25:49.480
<v Speaker 1>this repair shop gave me a quote of X thousand dollars,

0:25:50.320 --> 0:25:52.439
<v Speaker 1>let me go ask this other one. You might not

0:25:52.560 --> 0:25:57.840
<v Speaker 1>have those options. So it's the very definition of anti competitiveness.

0:25:57.880 --> 0:26:01.080
<v Speaker 1>But what if John Deer were to go out of

0:26:01.119 --> 0:26:04.480
<v Speaker 1>business entirely. Now, that's not likely to happen, but let's

0:26:04.640 --> 0:26:09.160
<v Speaker 1>assume that it did for some reason. If the equipment

0:26:09.200 --> 0:26:12.440
<v Speaker 1>is all locked down with proprietary systems, and if there's

0:26:12.480 --> 0:26:16.720
<v Speaker 1>no way to increase access to those systems, then that

0:26:16.760 --> 0:26:19.760
<v Speaker 1>equipment is obsolete. That doesn't mean the equipment is just

0:26:19.800 --> 0:26:23.560
<v Speaker 1>going to spontaneously stop working, but does mean it's living

0:26:23.600 --> 0:26:27.280
<v Speaker 1>on borrowed time. If a formerly licensed repair shop goes

0:26:27.280 --> 0:26:29.679
<v Speaker 1>out of business in a region, that could mean that

0:26:29.720 --> 0:26:32.520
<v Speaker 1>the farmers in that area have no local options when

0:26:32.560 --> 0:26:35.560
<v Speaker 1>it comes to maintenance and repair, which would put additional

0:26:35.600 --> 0:26:39.040
<v Speaker 1>hardships on the farmers. So you can see how obsolescence

0:26:39.119 --> 0:26:45.080
<v Speaker 1>paired with a proprietary approach to repair can be really harmful. Now,

0:26:45.200 --> 0:26:47.720
<v Speaker 1>the whole reason I decided to dedicate an episode to

0:26:47.800 --> 0:26:50.960
<v Speaker 1>this is I read a very upsetting piece in the

0:26:51.040 --> 0:26:55.480
<v Speaker 1>I E E E Spectrum and it's titled their Bionic

0:26:55.600 --> 0:27:01.000
<v Speaker 1>Eyes are Now Obsolete and Unsupported, which like science fiction,

0:27:01.320 --> 0:27:05.280
<v Speaker 1>but it is science fact. The piece covers the story

0:27:05.359 --> 0:27:09.000
<v Speaker 1>of how a company called Second Site Medical Products developed

0:27:09.080 --> 0:27:13.919
<v Speaker 1>retinal implant systems that could restore some site actually not

0:27:13.960 --> 0:27:19.720
<v Speaker 1>even really restore, but provide digital vision to visually impaired

0:27:19.760 --> 0:27:23.840
<v Speaker 1>and blind people. It is not ultra high definition resolution

0:27:23.960 --> 0:27:27.359
<v Speaker 1>images or anything like that, but it would provide some

0:27:27.520 --> 0:27:31.119
<v Speaker 1>visual capabilities to people who otherwise would be living without them.

0:27:31.160 --> 0:27:33.280
<v Speaker 1>And by some I mean there were a couple of

0:27:33.280 --> 0:27:38.600
<v Speaker 1>different models. The first one had sixteen pixels a vision.

0:27:38.720 --> 0:27:43.600
<v Speaker 1>So imagine that your vision consists of sixteen blocks, and

0:27:43.640 --> 0:27:46.600
<v Speaker 1>those blocks can either be white, gray, or black. That's

0:27:46.680 --> 0:27:50.320
<v Speaker 1>kind of what people were experiencing. UH. The follow up

0:27:50.320 --> 0:27:54.760
<v Speaker 1>to that had sixty pixels, so a better resolution, nothing

0:27:54.960 --> 0:27:59.520
<v Speaker 1>close to what we experience with typical human site, but

0:28:00.000 --> 0:28:03.560
<v Speaker 1>ill better than nothing, in fact, significantly better than nothing

0:28:03.760 --> 0:28:07.720
<v Speaker 1>if you're using it to help navigate your environment, avoid obstacles,

0:28:07.760 --> 0:28:13.240
<v Speaker 1>that sort of stuff. But in this company, Second Site

0:28:13.440 --> 0:28:18.760
<v Speaker 1>was teetering towards bankruptcy and ended support for its Argus

0:28:18.880 --> 0:28:23.240
<v Speaker 1>line of retinal implants, which meant that if a recipient's

0:28:23.280 --> 0:28:28.400
<v Speaker 1>implant began to fail, there was no way. There's no support,

0:28:28.800 --> 0:28:31.520
<v Speaker 1>there's no support to address a failure, the recipient would

0:28:31.520 --> 0:28:37.040
<v Speaker 1>become technologically blind. And again, the implants did not just

0:28:37.080 --> 0:28:40.280
<v Speaker 1>all spontaneously fail once the company got into trouble, but

0:28:40.440 --> 0:28:43.480
<v Speaker 1>as problems would come up for a person, that person

0:28:43.560 --> 0:28:47.160
<v Speaker 1>found they had few options available to them. Here's another example.

0:28:48.040 --> 0:28:52.280
<v Speaker 1>Because of the elements in these implants, you couldn't go

0:28:52.600 --> 0:28:55.280
<v Speaker 1>and get an m r I done because mr I

0:28:55.440 --> 0:28:59.600
<v Speaker 1>uses very powerful magnetic fields and elements in the implants

0:28:59.680 --> 0:29:02.360
<v Speaker 1>could end up being damaged. It could end up damaging

0:29:02.400 --> 0:29:05.120
<v Speaker 1>the patient, it could damage the m r I equipment.

0:29:05.640 --> 0:29:08.560
<v Speaker 1>So before you ever got an MRI I done, you

0:29:08.560 --> 0:29:11.040
<v Speaker 1>were supposed to contact the company and talk with them

0:29:11.080 --> 0:29:15.240
<v Speaker 1>about this possibility, but with the company in financial turmoil

0:29:15.400 --> 0:29:19.200
<v Speaker 1>and ending support, there was no answer on the other

0:29:19.280 --> 0:29:21.680
<v Speaker 1>end of the line. So it wasn't just that the

0:29:21.720 --> 0:29:24.880
<v Speaker 1>technology was failing, but that when other things were cropping up,

0:29:24.880 --> 0:29:28.480
<v Speaker 1>like health issues, there was no way to chat with

0:29:28.560 --> 0:29:32.680
<v Speaker 1>the company and work out an approach. So it gave

0:29:32.760 --> 0:29:35.640
<v Speaker 1>very few options available to the people who had received

0:29:35.680 --> 0:29:38.320
<v Speaker 1>one of these retinal implants. They could have the implant

0:29:38.400 --> 0:29:42.880
<v Speaker 1>surgically removed, but that process is obviously an invasive process.

0:29:42.960 --> 0:29:47.680
<v Speaker 1>It's expensive and potentially quite painful. Typically, these implant surgeries

0:29:47.720 --> 0:29:52.440
<v Speaker 1>are done under local and esthetic, not like general So

0:29:52.600 --> 0:29:55.560
<v Speaker 1>for many of us, when our tech goes obsolete, it

0:29:55.840 --> 0:29:59.240
<v Speaker 1>creates an inconvenience. You know, it could be a significant

0:29:59.240 --> 0:30:01.720
<v Speaker 1>in inconveni It's depending on how far in you were.

0:30:02.320 --> 0:30:04.480
<v Speaker 1>Like if you were one of the people who bought

0:30:04.520 --> 0:30:08.080
<v Speaker 1>an HD DVD player and bought an entire library of

0:30:08.200 --> 0:30:11.160
<v Speaker 1>HD DVDs, thinking this is the future of video. When

0:30:11.280 --> 0:30:14.800
<v Speaker 1>HD DVD went under, you're probably a little frustrated that

0:30:15.120 --> 0:30:17.080
<v Speaker 1>you were stuck with this library. It was never going

0:30:17.160 --> 0:30:21.200
<v Speaker 1>to expand beyond what you had, and if your player

0:30:21.280 --> 0:30:24.760
<v Speaker 1>breaks down, it's kind of game over. But when we're

0:30:24.760 --> 0:30:28.600
<v Speaker 1>talking about medical technology, this goes well beyond that. It

0:30:28.680 --> 0:30:31.479
<v Speaker 1>becomes a real impact on quality of life or perhaps

0:30:31.960 --> 0:30:34.000
<v Speaker 1>even the ability to live. It can be a life

0:30:34.040 --> 0:30:38.640
<v Speaker 1>or death matter, depending upon the technology. Second Site, by

0:30:38.640 --> 0:30:42.160
<v Speaker 1>the way, held a public offering in one This was

0:30:42.240 --> 0:30:45.560
<v Speaker 1>essentially an effort to raise more funds and to pursue

0:30:45.560 --> 0:30:48.920
<v Speaker 1>the development of a new brain implant system called Orion,

0:30:49.680 --> 0:30:52.959
<v Speaker 1>which is that the company has a very limited kind

0:30:52.960 --> 0:30:57.080
<v Speaker 1>of pilot program where they have the Orion system. Now,

0:30:57.120 --> 0:31:01.520
<v Speaker 1>the Orion is not a retinal implant, it's a brain implant.

0:31:01.560 --> 0:31:05.160
<v Speaker 1>It's also meant to provide artificial vision to recipients, so

0:31:05.200 --> 0:31:08.680
<v Speaker 1>it is a vision system, but it involves a brain implant.

0:31:08.760 --> 0:31:11.040
<v Speaker 1>So if you think a retinal implant is a risky

0:31:11.040 --> 0:31:14.480
<v Speaker 1>thing to remove, imagine having a brain implant where you've

0:31:14.520 --> 0:31:18.360
<v Speaker 1>had something surgically implanted into your brain and the company

0:31:18.440 --> 0:31:23.360
<v Speaker 1>responsible for the technology is potentially going out of business.

0:31:23.520 --> 0:31:29.240
<v Speaker 1>That is terrifying. So for the six people who received

0:31:29.240 --> 0:31:31.760
<v Speaker 1>the Ryan implant so far, one has already chosen to

0:31:31.800 --> 0:31:35.440
<v Speaker 1>have it surgically removed, which could not have been an

0:31:35.520 --> 0:31:39.880
<v Speaker 1>easy decision. Second Site, the company continued to struggle. The

0:31:39.920 --> 0:31:42.160
<v Speaker 1>initial share price of Second Site when it had its

0:31:42.160 --> 0:31:46.200
<v Speaker 1>public offering was five dollars per share, but in February,

0:31:46.560 --> 0:31:50.240
<v Speaker 1>like this month, the price had fallen down to a

0:31:50.320 --> 0:31:53.920
<v Speaker 1>dollar fifty per share. The founders pretty much all left,

0:31:54.080 --> 0:31:57.440
<v Speaker 1>like all the leadership had stepped down, almost all the

0:31:57.480 --> 0:32:00.400
<v Speaker 1>employees were laid off, almost all the equipment had sold

0:32:00.440 --> 0:32:03.760
<v Speaker 1>off at auction. And now what remains of Second Sight

0:32:04.880 --> 0:32:08.840
<v Speaker 1>is merging with a company called Nano Precision Medical. And

0:32:09.000 --> 0:32:12.320
<v Speaker 1>there's still a lot of unanswered questions regarding the Argus

0:32:12.320 --> 0:32:15.400
<v Speaker 1>and Orion products. So the question like, is the merged

0:32:15.440 --> 0:32:19.320
<v Speaker 1>company going to restore support for the argus retinal implants.

0:32:20.200 --> 0:32:23.000
<v Speaker 1>I don't know the answer to that, although I feel

0:32:23.040 --> 0:32:26.640
<v Speaker 1>like there's an ethical obligation to do so. But again,

0:32:26.680 --> 0:32:28.680
<v Speaker 1>we're not talking about whether or not your smartphone can

0:32:28.680 --> 0:32:31.200
<v Speaker 1>support you know, the latest OS here, we're talking about

0:32:31.200 --> 0:32:35.040
<v Speaker 1>actual vision. The Second Site story also reminds us of

0:32:35.080 --> 0:32:38.560
<v Speaker 1>the importance of standardization. There are other companies out there

0:32:38.560 --> 0:32:41.959
<v Speaker 1>in the biomedical space. They're creating text that can provide

0:32:42.000 --> 0:32:46.000
<v Speaker 1>digital vision to the blind, but it's not as simple

0:32:46.040 --> 0:32:50.120
<v Speaker 1>as someone with a failing argus to retinal implant going

0:32:50.160 --> 0:32:53.320
<v Speaker 1>to a competing biotech company and getting a tune up. Right,

0:32:53.880 --> 0:32:57.920
<v Speaker 1>They can't just swap out parts. These are all proprietary approaches,

0:32:58.240 --> 0:33:02.360
<v Speaker 1>sometimes fundamentally different approaches to try and get the similar result.

0:33:03.320 --> 0:33:06.280
<v Speaker 1>And I feel the second site story really illustrates the

0:33:06.400 --> 0:33:10.680
<v Speaker 1>risks involved in adopting a technology. Now, if the payoff

0:33:10.720 --> 0:33:14.120
<v Speaker 1>for that technology is significant enough, like if we're talking

0:33:14.160 --> 0:33:19.120
<v Speaker 1>about a return of vision, you can convincingly argue to

0:33:19.160 --> 0:33:22.520
<v Speaker 1>me that the risk is worth it. Right, that risking

0:33:22.600 --> 0:33:25.880
<v Speaker 1>the possibility that the company that creates the tech could

0:33:25.920 --> 0:33:29.680
<v Speaker 1>go under and you are left with technology that has

0:33:29.680 --> 0:33:33.440
<v Speaker 1>a limited lifespan that might still be worth it to you.

0:33:33.720 --> 0:33:35.880
<v Speaker 1>I think that has to come down to the individual.

0:33:36.760 --> 0:33:38.920
<v Speaker 1>But I feel that this does help us frame what

0:33:39.000 --> 0:33:42.600
<v Speaker 1>we should be thinking about when we evaluate any company's products.

0:33:43.040 --> 0:33:45.720
<v Speaker 1>And the more critical the product is, the more closely

0:33:45.960 --> 0:33:48.640
<v Speaker 1>we should look at the company, and it behooves us

0:33:48.680 --> 0:33:52.200
<v Speaker 1>to ask really tough questions like what happens if that

0:33:52.240 --> 0:33:56.400
<v Speaker 1>company should go out of business. We're looking at all

0:33:56.400 --> 0:34:00.200
<v Speaker 1>these companies talking about the metaverse right now, with some

0:34:00.320 --> 0:34:04.720
<v Speaker 1>of them offering up virtual real estate in virtual environments, Well,

0:34:04.720 --> 0:34:07.120
<v Speaker 1>one of the questions I ask is how likely are

0:34:07.240 --> 0:34:12.440
<v Speaker 1>those environments to survive long enough for whatever the metaverse

0:34:12.520 --> 0:34:16.600
<v Speaker 1>ends up being to really be a real thing, you know,

0:34:16.840 --> 0:34:21.960
<v Speaker 1>not just bits and pieces Star Citizens style, but an actual, full,

0:34:22.440 --> 0:34:26.600
<v Speaker 1>cohesive and coherent thing or many things in the case

0:34:26.680 --> 0:34:32.600
<v Speaker 1>of multiple metaverses or whatever. If you don't feel like

0:34:32.680 --> 0:34:35.959
<v Speaker 1>that one company is going to last the test of time,

0:34:36.000 --> 0:34:39.239
<v Speaker 1>it makes no sense to buy virtual real estate that

0:34:39.360 --> 0:34:42.759
<v Speaker 1>the company is providing, because those servers may just not

0:34:42.800 --> 0:34:46.200
<v Speaker 1>even be on by the time there's anything useful to

0:34:46.239 --> 0:34:49.560
<v Speaker 1>do in the metaverse. So that's something that I'm seeing

0:34:49.640 --> 0:34:52.360
<v Speaker 1>right now, Like that's a Those are questions that I

0:34:52.400 --> 0:34:54.480
<v Speaker 1>think a lot of people need to be asking themselves

0:34:55.040 --> 0:34:59.359
<v Speaker 1>before they start getting into this virtual gold rush of

0:34:59.640 --> 0:35:04.000
<v Speaker 1>the met to verse and web three and all that stuff. So, yeah,

0:35:04.040 --> 0:35:07.120
<v Speaker 1>this episode covered a lot of ground, but it really

0:35:07.160 --> 0:35:10.719
<v Speaker 1>all comes back to taking that big picture look when

0:35:10.719 --> 0:35:14.560
<v Speaker 1>it comes to our relationship with technology. I feel it's

0:35:14.560 --> 0:35:17.879
<v Speaker 1>our responsibility to to do that every now and then

0:35:17.960 --> 0:35:21.279
<v Speaker 1>to step back and to understand what our love of

0:35:21.320 --> 0:35:24.840
<v Speaker 1>tech means not just to ourselves, but to each other

0:35:25.120 --> 0:35:28.279
<v Speaker 1>and to our environment and two people in other parts

0:35:28.360 --> 0:35:31.759
<v Speaker 1>of the world. We need to be aware and understand

0:35:31.800 --> 0:35:35.480
<v Speaker 1>that so that we make decisions that make sense and

0:35:35.520 --> 0:35:38.200
<v Speaker 1>we're not just buying the next new shiny thing because

0:35:38.200 --> 0:35:41.200
<v Speaker 1>it's newer and shinier than the stuff we already have,

0:35:42.640 --> 0:35:45.600
<v Speaker 1>and maybe taking a little more care when it comes

0:35:45.640 --> 0:35:48.400
<v Speaker 1>to adopting text so we can make the price we

0:35:48.480 --> 0:35:52.040
<v Speaker 1>pay actually worth it. Right. What if you go out

0:35:52.080 --> 0:35:57.120
<v Speaker 1>and spend a couple of thousand dollars investing into technology

0:35:57.280 --> 0:35:59.600
<v Speaker 1>and the whole thing goes could put It's not just

0:35:59.680 --> 0:36:01.800
<v Speaker 1>that you lost a couple of thousand dollars, which is

0:36:01.840 --> 0:36:05.680
<v Speaker 1>already a big deal, but all those other prices that

0:36:05.719 --> 0:36:10.520
<v Speaker 1>are paid throughout the supply chain, the environmental price, all

0:36:10.600 --> 0:36:13.839
<v Speaker 1>these things like that's part of it too. And that's

0:36:13.840 --> 0:36:17.560
<v Speaker 1>why I think it's good to take this critical thinking

0:36:17.640 --> 0:36:22.520
<v Speaker 1>and compassionate approach to approaching tech. Uh. And you know,

0:36:22.680 --> 0:36:25.080
<v Speaker 1>I'm someone who uses a lot of tech myself. I've

0:36:25.120 --> 0:36:27.960
<v Speaker 1>got a smartphone, I've got a couple of different computers,

0:36:28.000 --> 0:36:31.640
<v Speaker 1>I've got a television, and you know, various components connected

0:36:31.640 --> 0:36:35.160
<v Speaker 1>to it. So I am I am part of the

0:36:35.239 --> 0:36:37.319
<v Speaker 1>system too. I'm not saying this is some sort of

0:36:37.360 --> 0:36:43.479
<v Speaker 1>techno hermit who has decided to stand away from any

0:36:43.560 --> 0:36:47.920
<v Speaker 1>technology whatsoever. I'm just trying to make it more of

0:36:47.960 --> 0:36:50.480
<v Speaker 1>my process to take these sort of things into full

0:36:50.520 --> 0:36:54.000
<v Speaker 1>consideration before I jump in on stuff. I feel like

0:36:54.000 --> 0:36:57.479
<v Speaker 1>it's the responsible thing to do as a consumer. All Right,

0:36:58.320 --> 0:37:00.759
<v Speaker 1>that's it for this episode. I'm gonna jump down off

0:37:00.760 --> 0:37:03.200
<v Speaker 1>the soapbox. It's feeling like it's a little tall for me.

0:37:03.960 --> 0:37:06.440
<v Speaker 1>And if you have suggestions for topics I should cover

0:37:06.480 --> 0:37:08.680
<v Speaker 1>in future episodes of tech Stuff, please reach out to

0:37:08.680 --> 0:37:11.560
<v Speaker 1>me on Twitter. The handle for the show is text

0:37:11.600 --> 0:37:15.080
<v Speaker 1>stuff H s W and I'll talk to you again

0:37:16.080 --> 0:37:24.880
<v Speaker 1>really soon. Y. Tech Stuff is an I Heart Radio production.

0:37:25.120 --> 0:37:27.920
<v Speaker 1>For more podcasts from my Heart Radio, visit the i

0:37:28.040 --> 0:37:31.279
<v Speaker 1>Heart Radio app, Apple Podcasts, or wherever you listen to

0:37:31.320 --> 0:37:32.240
<v Speaker 1>your favorite shows.