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Destroying industries is a good thing for society. We don't need to spend our resources on producing those goods and services anymore. 90% of Americans used to
by Prrometheus 19y ago
Destroying industries is a good thing for society. We don't need to spend our resources on producing those goods and services anymore.
90% of Americans used to be farmers. Think of where we'd be if agricultural machinery hadn't destroyed the farming industry.
- ivankirigin 19y agoA better description of this might be "destroys a $7B market"
- reitzensteinm 19y agoWhat about "creates $7b of wealth, then gives it away for free"?
- serhei 19y agoI think about it, and I realize that Cisco et al. were essentially making money without producing corresponding wealth - a sort of bubble waiting for someone to come along and pop it.
- pchristensen 19y agoThey produced wealth - they turned raw materials, people, and money into telecom. They just charge a price very close to the total value they create, so they capture a large part of the wealth they create. Asterisk creates the wealth, captures none (or very little) of the value, so it's there for the taking.