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Humanity doesn't default to greedy, but the humans who are greedy are the ones motivated to flood these market places. For every 1000 small creators hand-chisel
by SilverBirch 4y ago
Humanity doesn't default to greedy, but the humans who are greedy are the ones motivated to flood these market places. For every 1000 small creators hand-chiseling marble effigies there's someone who is greedy and can sell the entire catalogue of some niche factory in Guangdong. The net effect is a flooded market, despite only 1 in 1000 people being greedy.
- reaperducer 4y agoExactly. The tech bubble worships at the altar of sacred, almighty "scale," and then wonders why things like this happen. Not everything scales. And almost every time tech tries to reinvent the wheel at scale, it fails, or makes things worse.
- hakfoo 4y agoI always figured the endgame is to get the scalers into industries that scale well, and then build the non-scaling factors as peripherals. For example, I could imagine a hyper-scale firm selling exceptionally generic standardized clothes, or furnishings, and that feeds an ecosystem of artisans who do alterations and customizations. The scale business avoids the risk of dead stock and having to discount unsellable goods, since its primary drive is price/quality ratio, and the customizers don't have to directly compete with a behemoth that has economies of scale.