3 ms·
To answer the bonus: Entlement (to growth) Same as - Volkswagen (dirty cheating cars) - Samsung (exploding phones) - Boeing (falling planes) Eventually tech c
by hatenberg 6y ago
To answer the bonus: Entlement (to growth)
Same as
- Volkswagen (dirty cheating cars)
- Samsung (exploding phones)
- Boeing (falling planes)
Eventually tech companies will join them. The signs are already there, the dirty growth tricks at Google and Amazon. It'll take more time.
The issue is that gains at performance (...environmental performance, form factor, battery density, etc) are not linear anymore - the investments to make further gains becomes increasingly more expensive and time consuming and all the quasi market duopolists and too big too fail national infrastructure companies are not able to grow slower- stock market dynamics would punish them, execs wouldn't get their entitled pay day, politicians would lose jobs, tax income.
And so corners are cut (Boeing, Samsung, Intel) or performance tests are cheated (all of the above) and slowly infrastructure of dependent industries (cloud, transportation) is built on more and shaky ground.
So why? Market concentration, entitlement, too big to fail dynamics, endless growth doctrine.