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Yada-yada-yada, we don't need a lot of things, depending on how you define 'need'. It is an interesting philosophical question, but when analyzing what products
by ltbarcly3 2y ago
Yada-yada-yada, we don't need a lot of things, depending on how you define 'need'. It is an interesting philosophical question, but when analyzing what products a company decides to bring to market it is completely irrelevant.
You can't make money fulfilling 'needs' unless there is also demand, but you can certainly make money fulfilling demand regardless of what some newspaper decides you 'need'.
(I would imagine the next FT headline will be 'Starbucks can't explain why people need coffee', after all why spend $4 and wait in line when you can just take $0.01 caffeine pill.)
- erulabs 2y agoone could say that what the market is is simply the lack of newspapers having the ability to decide what people do and don’t need