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This seems like a really good companion article to the other top story on HN right now talking about Doordash [1]. Specifically, we're living in an era where c
by fzeroracer 6y ago
This seems like a really good companion article to the other top story on HN right now talking about Doordash [1].
Specifically, we're living in an era where companies are so flush with capital that the intent isn't even to make money. It's to corner a market so that they can have monopolistic behavior over it. In a capitalistic economy companies like Doordash, Grubhub or Ubereats simply should not exist because the way they operate is contrary to how capitalism is supposed to perform.
So if companies like that can thrive, the only answer is that capitalism is broken.
[1] https://news.ycombinator.com/item?id=23216852 https://news.ycombinator.com/item?id=23216852
- dsego 6y agoOn the contrary, it's a classic capitalist move, from Rockefeller to Bill Gates. The so called tollbooth strategy. Create a choke point and extract revenue. https://www.businessinsider.com/bill-gates-billionaire-strategy-tollbooth-rockefeller-warren-buffet-2019-11 https://www.businessinsider.com/bill-gates-billionaire-strat...