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Much of the tech industry is not about tech now. The actual tech was successful. Now, it’s all about locking up platform monopolies while confusing luck with ab
by ideamotor 4y ago
Much of the tech industry is not about tech now. The actual tech was successful. Now, it’s all about locking up platform monopolies while confusing luck with ability and spreading that belief via right-wing libertarian politics. How many large “tech” companies are actually tech now?
Most are concerned with locking in customers, force feeding them ads, and caving to their worst instincts in the process. Crypto, as mentioned in the article, is a great example of all these. That “industry” has nothing to do with the tech.
- dismalpedigree 4y agoDon’t forget maximizing rent seeking while minimizing value returned.
- dc-programmer 4y agoI feel like half the business models of VC companies these days is simply regulatory arbitrage