4 ms·
sounds like it's well functioning capitalist market. lots of money is made by a small group of very smart people in an entrenched position.
by naringas 7y ago
sounds like it's well functioning capitalist market.
lots of money is made by a small group of very smart people in an entrenched position.
- dang 7y agoPlease do not take HN threads on generic ideological tangents. It leads to generic flamewar hell. Regardless of ideological preference, none of us want to end up there. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- rsynnott 7y agoIf the low quality of the software impedes productivity generally (and, being honest, it MUST) then that’s not well-functioning. It’s more a common depressing failure of a capitalist market (and a lot of software verticals suffer from it). It’s a space with a high barrier to entry, which is probably the biggest problem. Software engineering tools got good, and affordable, due to a combination of lowish barrier to entry and open source.
- naringas 7y agoso it sub-optimizes? capitalism is at its best when optimizing industrial production (manufacturing materials) knowledge creation is not quite an industrial process. I would highlight the importance of open source as a key component for better tooling. But knowledge does not quite play well with capitalist markets. there must be a better way, but finding it requires revising several 'fundamental' assumptions about how this (market) society works.