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We do not have an economy built on disruption, we have an economy built on the myth of disruption. No better example than Theranos. And we have an economy buil
by talkingtab 5y ago
We do not have an economy built on disruption, we have an economy built on the myth of disruption. No better example than Theranos.
And we have an economy built on lock-in. No better example that Apple, or perhaps Google and Amazon. These are both ways to extract value from the economic system, not ways to improve it. The Apple Tax, Google Adsense.
- BoorishBears 5y agoThat's an awful example being such an exceptional case, so maybe you should elaborate.
- Apocryphon 5y agoWhat about WeWork then
- BoorishBears 5y agoWeWork got heavily punished in pretty short order And to insert some other examples, Uber has taken a massive haircut, Zoom, etc. The reality is if you zoom in on a small window of time the market will always look irrational. But it all comes out in the wash once you zoom out, the companies of the .dot com boom that truly innovated were rewarded for example Amazon survived, created AWS, and look at them today.
- nradov 5y agoIt wasn't long ago that customers were locked in to IBM mainframes and DEC minicomputers. How did that work out? Eventually some new disruptive technology appears and the incumbents miss the market shift. https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma?wprov=sfla1 https://en.wikipedia.org/wiki/The_Innovator%27s_Dilemma?wpro...
- qgin 5y agoThe economy is built on companies like Theranos? That doesn’t seem right to me.