3 ms·
This article did a good job of staying relatively neutral for such a controversial subject. It seems as though an oligopoly of multinational conglomerates will
by uabstraction 10y ago
This article did a good job of staying relatively neutral for such a controversial subject. It seems as though an oligopoly of multinational conglomerates will be the only choice for essential consumer products in a short 10/20 years. Without competition from smaller open-minded businesses, only innovation in rent seeking will take place. The companies that end up in control of the infrastructure and hardware will end up having more power than most of the world's governments. The cynic in me feels like we're in for some turbulent times.
- ersii 10y agoIt's not so strange that we get fewer "smaller open-minded business(es)" though, considering the increasing regulatory burden. Of course, they are maintainable - but they do consume a lot of resources to tick them all off. Most of the regulations doesn't actually directly cost to comply with, but you'd need more staff or dedicate more time to things that are not your core business - that's money out of the pocket.