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And Apple has basically said the 150-200 billion in cash that has accumulated, parked in tax havens, selling their veblen goods, they cant find a single thing o
by smfugit 3y ago
And Apple has basically said the 150-200 billion in cash that has accumulated, parked in tax havens, selling their veblen goods, they cant find a single thing on the planet worth investing it in. So its just growing like a nice fat pointless tumor.
Think about that for 2 seconds. What does it mean?
It shows us in 2023, corporate robots can design a highly optimized runaway process of cash extraction from the chimp troupe, for no reason other than it being possible. There is no purpose to these processes.
When a corporate robot finds a scaling rule it keeps scaling. Scale always needs purpose. Otherwise we end up like Apple. And only fools think the Apple story of mindless scaling is going well or going to end well.
- jauntywundrkind 3y agoApple and their dragons horde of cash was a prime subject in what I thought was a really excellent article, Intellectual Property and the Fissured Economy. Horded IP had created insurmountable moats around these titans. https://news.ycombinator.com/item?id=37169236 https://news.ycombinator.com/item?id=37169236 https://americanaffairsjournal.org/2023/05/intellectual-property-and-the-fissured-economy/ https://americanaffairsjournal.org/2023/05/intellectual-prop...
- unmole 3y ago> Think about that for 2 seconds. What does it mean? Apple makes stuff that people want and are willing to pay for.
- fakedang 3y agoThe Vision Pro is not exactly what I want, nor what a lot of people I know of wanted, and judging by the downsized production numbers, not exactly what a lot of people are willing to pay for.
- tonyedgecombe 3y ago>they cant find a single thing on the planet worth investing it in Be careful what you wish for, they could use the money to buy out every potential competitor just like Adobe, Microsoft, Google et all.
- astrange 3y agoApple spends $25 billion a year on R&D, and has like 10,000 employees and an operational factory in their supposed empty tax haven of Ireland.