4 ms·
> The whole story of buying pizzas from a normal pizza shop for $20 and selling them for $18 through your “app” is the stereotypical example of the current .com
by taurath 6y ago
> The whole story of buying pizzas from a normal pizza shop for $20 and selling them for $18 through your “app” is the stereotypical example of the current .com implosion
Lets not have this be the lesson that people learn, please. This is not an actual strategy - think of it more as a coupon. There is plenty of reason to think that with economies of scale a single company COULD win out, not have to raise prices and keep on trucking, a la google/fb in the advertising space.
The problem is when multiple people realize this it become a cold war-esque capital arms race. That there is absolutely nowhere else within the economy to make a decent return on investment at a lower level of risk is what is driving all of this. We have 0% interest rates everywhere, and tons and tons of money sloshing around.
Its completely conceivable to me that the best thing to do to grow the economy at this point is to do UBI. That there has been no inflation while the government pumps TRILLIONS of dollars into the economy means none of that money is getting spent within the economy, just thrown away to prop up massive company debtloads.
- perl4ever 6y ago"thrown away to prop up massive company debtloads." This strikes me as unnecessarily reifying it. I can print a $1 trillion dollar bill and give it to you. If we agree that you now owe me $1 trillion, it really doesn't have any effect on anything. It balances, we could repeat the exercise a trillion times, and assuming we both continue to believe in the meaning of that money, it has no effect on anything. The only rational thing for either of us to do is act as though it doesn't exist, even if we totally believe it does exist, because it balances. I can't of course say that nothing bad will happen when people play weird games like this. But the essence of the game that we are aware of, it doesn't make sense to me to be afraid of. It's just writing large numbers on paper (or in databases). If the paper, or database records are destroyed, it's not wasting anything or consuming anything, unless something somehow became unbalanced.