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Laws of Tech: Commoditize Your Complement A classic pattern in technology economics, identified by Joel Spolsky, is layers of the stack attempting to
by marcopicentini 3y ago
Laws of Tech: Commoditize Your Complement
A classic pattern in technology economics, identified by Joel Spolsky, is layers of the stack attempting to become monopolies while turning other layers into perfectly-competitive markets which are commoditized, in order to harvest most of the consumer surplus;
https://gwern.net/complement https://gwern.net/complement
- drBonkers 3y agoSo, keeping the other layers as competitive (and affordable) as possible frees up consumer surplus to spend on their monopolized layer?