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>Welcome to modern tech, where the management, perception, control and tactical destruction of real value is the only place left to eek out a profit margin. It
by NoGravitas 4y ago
>Welcome to modern tech, where the management, perception, control and tactical destruction of real value is the only place left to eek out a profit margin.
It's almost as if there's a consistent economic process that leads companies to do this kind of thing again and again. We could call it "the tendency of the rate of profit to fall".
- nonrandomstring 4y agoConsistency may be running out. It may be time to turn this elegant observation (not immutable law) into an anti-pattern. As an optimist I prefer "tendency of systems toward failure of innovation" (AKA sloth of the entrenched incumbents). This is the last crisis. Because it's not a crisis of capital, it's a crisis of the very substrate (the planet) which allows for the possibility of capital. Schumpeter's creative destruction is now literally environmental destruction. A new broom is required. Let's hope it's not the communists again. A few simple bits of regulation could go a long way to correct things.