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Those “3rd world business models” are amazingly efficient though. Just because the “1st world” is rich doesn’t make us smart, in fact it may be the opposite. Al
by rajacombinator 8y ago
Those “3rd world business models” are amazingly efficient though. Just because the “1st world” is rich doesn’t make us smart, in fact it may be the opposite. Also, when all the bootleg crap and non-bootleg crap is made in the same factories in China, what’s the difference?
- rchaud 8y agoIf by 'amazingly efficient', you mean the burden of assessing risk and quality is shifted entirely to the customer for every single transaction, then sure. I'm coming from the developing world. The lack of regulations and product safety standards, is not some kind of competitive advantage, it is a problem that leads to ever falling living standards. A fire in a clothing factory killed 1300 people in my country, an incident that would have been avoidable if the building owner enforced fire safety standards. I suppose if you think about things in terms of MR/MC curves, such loss of life is the price of efficiency.