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I don't think systematic fraud is within the scope of the free market. One of the few things I think government should provide is a low-overhead way (lower-over
by TallGuyShort 7y ago
I don't think systematic fraud is within the scope of the free market. One of the few things I think government should provide is a low-overhead way (lower-overheard than what you can do in court today, but maybe that would be abused) to hold people accountable for their word, and I would include things like this in that. But not giving chronic liars my money is close, maybe that's what you meant.
But I think the prevalence of piracy is a "smell" about the business model. If people could materialize food in front of them for free without taking that food from someone else that would be amazing. That's literally a Star-Trek-level fantasy about ideal society. As long as the food companies stay in business. In this case, the "companies" are having no problem staying in business.
Most money paid for music goes to record companies. The most successful artists make the overwhelming majority of their money from live performance and physical merchandise. So what value are the record companies providing. Distribution? No, independent artists can do that online through SoundCloud or even Spotify. Spotting talent? I think their taste sucks more often than not. I don't get it. I think really the value they provide is with connections to help an artist make it big - so in the big picture I'd say the record companies' customer is actually the artist.