I'm starting to think of capitalism as rule by "winner's curse" (https://en.wikipedia.org/wiki/Winner's_curse) https://en.wikipedia.org/wiki/Winner's_curse). Th

I'm starting to think of capitalism as rule by "winner's curse" (https://en.wikipedia.org/wiki/Winner's_curse) https://en.wikipedia.org/wiki/Winner's_curse). The winners in VC-funded tech spend far too much to win the market, and now have to squeeze whatever value they can out by abusing their customers, their employees, and their reputations. Meanwhile, management socks away money by writing themselves checks, and original VC investment cashes out through the greater fools and co-conspirators of managed funds and the public. At best we're left with a company that goes belly-up and a destroyed industry that has to recreate itself, at worse we're left with a zombie exploitation machine of a awful company that limps on with enough reach that it still suppresses all competition in marginal markets.