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Small businesses get eaten. That's the entire point of modern venture capital, even! Find ways to out-operationalize small businesses in sub-optimally exploited
by eropple 4y ago
Small businesses get eaten. That's the entire point of modern venture capital, even! Find ways to out-operationalize small businesses in sub-optimally exploited markets while burning an ocean of cash, then seek profits when you no longer have to dump to be competitive.
It's okay to not think every technology under the sun is a good thing. You don't have to have heart-eyes emojis for the immiseration machine.
- Robotbeat 4y agoSounds like a good idea to embrace new tech, then, instead of get eaten.
- eropple 4y agoCool, so we're back to "streamlining" and mass unemployment just in time to get eaten anyway. Once more for emphasis: you do not have to cheer on the immiseration machine.
- Robotbeat 4y agoNo, we’re not. Small businesses embracing technology to get more done with the same number of people is not “immiseration.” And I take it from your use of Marxist terminology that you’re coming from that the perspective. 20th Century Marxists embraced technological advancement, and used that to advance the cause of the proletariat. The REAL immiseration is to embrace paleoconservative ludditism.
- czbond 4y agoMost small businesses skimp by on very small margins - often run by "crafters" or "artistans" who generally couldn't tell you much about margins besides "cash in the bank" I believe AGI can help small businesses have higher margins for the same service level - but lower cost.