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You could easily argue disruption is likely to result in worse rent-seeking. Premise: The main way you disrupt an industry is by radically increasing financial
by rebuilder 9y ago
You could easily argue disruption is likely to result in worse rent-seeking.
Premise: The main way you disrupt an industry is by radically increasing financial efficiency.
You increase profit margins by finding innovative ways to decrease spending on e.g. workforce, letting you shift a larger percentage of your revenue to funders, i.e. the owner class. Those profits are used to further innovate in ways that increase profits, decreasing the working population's share of profits and increasingly centralizing wealth.
How does that not happen?