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How does it have a negative social impact? In any case,the common definition usually includes getting money without generating wealth, which does not make sense
by mardifoufs 6y ago
How does it have a negative social impact? In any case,the common definition usually includes getting money without generating wealth, which does not make sense here. Apple generates wealth for the devs. Apple produced the ecosystem and the user experience thus generating value for the devs. I get the social impact thing but it eventually leads to "anything I disapprove of is rentseeking". You can be against Apple, there's plenty of reason to be, but its important to use the right terms. If rent seeking is really all business manoeuvring leading to damaging social impacts, the word becomes much less meaningful. Social impact is subjective and hard to measure, lack of wealth creation and profiteering are much more useful metrics in economic.
- deleted 6y ago[deleted]