3 ms·
The old factory-oriented way of looking at capitalism is growing ever more obsolete. The newer companies grow by hoarding and controlling de-facto standards, an
by tabtab 7y ago
The old factory-oriented way of looking at capitalism is growing ever more obsolete. The newer companies grow by hoarding and controlling de-facto standards, and by selling customers' personal details to slimebags. They are essentially rewarded for evil. If you reward people for evil you get MORE evil.
Why is nobody successfully competing against FaceBook? Is it because everyone has a low IQ except FaceBook? No, it's the Network Effect: you can't get sufficient customers to compete until you get sufficient customers, creating a Catch-22.
Real work and real competition is missing from Big Tech. I'm all for rewarding those who build better mousetraps, but not those who keep others out of the mousetrap business and put the mouse meat into your burger without telling you.
- LordFast 7y agoI found this to be a very good read: https://www.amazon.com/Capitalism-without-Capital-Intangible-Economy/dp/0691183295/ref=sr_1_1?crid=2EHAEMW381JA5&keywords=capitalism+without+capital&qid=1570036484&s=gateway&sprefix=capitalism+without%2Caps%2C248&sr=8-1 https://www.amazon.com/Capitalism-without-Capital-Intangible...
- tabtab 7y agoIt's now Hoardism: the first to hoard the IP and market share wins all, the rest grovel for scraps.
- joeyrideout 7y agoCapitalism may appear to be going obsolete only because our society has been corrupted with too much corporatism. Society has learned the hard way how much our data is worth, similar to how we slowly learned the danger of cigarettes. Demand, unfortunately, remains. So, suppliers will exist to sell what is in demand. Facebook's market share is not invulnerable, however!