4 ms·

Why would "society" care whether company A makes money instead of company B? This kind of thing is only remotely concerning to, like, VCs and tech workers hopin

• luckylion 5y ago
  That's a weird take. Society wants stability. Having large companies companies use a random number generator to determine whether they will arbitrarily blacklist (and thereby try to destroy) smaller companies isn't leading to stability. Yes, society doesn't break down. Just as it doesn't break down if 1% of people were murdered each year. But society won't accept 1% being murdered. And once it's public enough, they'll also not accept that companies do stuff like that. Case in point: banks are tightly regulated exactly because of that, we need to rely on them to handle money efficiently, so we don't want randomness in their processes. Maybe it's time that Stripe & friends get more regulatory oversight as well, since they don't seem to be capable of managing themselves.
  • lordlic 5y ago
    I think you're overstating the importance of small companies to the vast majority of people. If Amazon comes along and annihilates all the small bookstores by undercutting their prices, people will just get their books from Amazon. That happened; that's a fact. It doesn't really matter to anyone except the bookstore owners who are now annoyed that they can't make profits anymore. It has nothing to do with "stability."