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The only deflation will occur for the producers and corporate owners. You, me, and everyone else will pay the same prices while 95% of these who went into makin
by freitzkriesler2 4y ago
The only deflation will occur for the producers and corporate owners. You, me, and everyone else will pay the same prices while 95% of these who went into making movies will be unemployed.
- adam_arthur 4y agoLook up what a “competitive market” is, and the implications on cost to the consumer. To be more direct, if content is cheap for everyone to produce, then they will have to compete on price to get consumers to engage with their content. This is obvious from both historical record and first principles. Look at margins in any mature industry with high levels of competition. Its also clear from history that unemployment created by technology gets absorbed into other types of roles. How can the US have close to an all time low unemployment rate after the industrial revolution obviated so many factory jobs? People who fight technology have no understanding of history. Some lose, most win
- freitzkriesler2 4y ago>> Look up what a “competitive market” is, and the implications on cost to the consumer. I'll pass since I have more important things to do. I've worked with the industry (entertainment that is) and it is graft covered in glitz. Trust me, the major studios including Netflix all collude with one another. They'll use AI to drive down their costs while slowly creeping up their streaming fees. Deflation for me and not for thee is the name of the game, especially when it comes to AI.
- rewgs 4y agoYup, absolutely. Have worked in Hollywood and can corroborate largely the same. adam_arthur is living in a just-world Liberian dream world where markets are free and fair. They never are.
- 31337Logic 4y agoThe content may be "cheap for everyone to produce', but is it good for everyone to produce?