It’s how tech and capitalism interface. The $whatever is actively marketed, the profits are arbitrage between the true value of the thing and the perception of

It’s how tech and capitalism interface. The $whatever is actively marketed, the profits are arbitrage between the true value of the thing and the perception of the value. Since that value perception is easy to manipulate with network effects, and true innovation much more difficult, we then become stagnant. Maybe this is why we don’t see much productivity for the past several decades. Productivity gains are never realized because the tech stays constant while perceptions are maneuvered for profit. One reason China may win; less respect for IP.