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The question was “what real value does an investment like this yield for the economy as a whole?” If I understand your comment correctly then your answer is es
by josho 6y ago
The question was “what real value does an investment like this yield for the economy as a whole?”
If I understand your comment correctly then your answer is essentially: it provide no value to society, but few other businesses do either.
To which I largely agree, and is the reason why myself and OP are left frustrated that society spends billions on things to improve arbitrary efficiencies while disregarding the well being of millions of people.
- vmception 6y ago> it provide no value to society, but few other businesses do either. That’s correct, this one happens to be more lucrative and scalable (revenue increases with capital size, overhead costs are logn) when it works. Regarding a communication network that alters the terrain for the benefit of very few people, I can see that being frustrating. The business model typically does turn into licensing of the data route and others can benefit.