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The forever recession
- _delirium 15y agoIs it actually true that the markets have gotten more efficient, though? Profit margins are one indication of how much cost efficiency is being squeezed out by the market, and I don't see evidence that businesses' profit margins have declined (if anything, they've gone up a bit recently).
- iqster 15y agoYou make a good point. The way I see it, markets for commodity goods have become more efficient. Due to patents, copyright and such, a lot of modern goods simply can't be traded legally. The producers/distributors of these goods are the new monopolists of our times. In this new age, design and branding matter more than ever before.