3 ms·
Roebuck could also have had the foresight that such a machine would increase demand for coal, making him a nice profit. I don't think this is a particular compe
by chopin 7y ago
Roebuck could also have had the foresight that such a machine would increase demand for coal, making him a nice profit. I don't think this is a particular compelling example.
- rayiner 7y agoPeople will make money somehow or another, but it’s not clear to me that we want to encourage these indirect monetization models. That’s basically the Android business model—don’t make money selling the OS, make money selling the data collected when people use the OS. It’s better for Watts to have had a temporary monopoly on engines than to encourage schemes where investors try to profit from a general increase in coal use.
- chopin 7y agoI am afraid we get both... Otherwise, I enjoyed your insightful reply.