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"The malinvestment got sorted out and couple of decades on, immense wealth has been created." Only to be re-malinvested in the same garbage hype that created i
by 1vuio0pswjnm7 4mo ago
"The malinvestment got sorted out and couple of decades on, immense wealth has been created."
Only to be re-malinvested in the same garbage hype that created it
Aside from Amazon, who shifted from selling books online to becoming a middleman for sales of others' products, and eventually to selling "cloud" services, is this wealth really derived from "buying and selling stuff online" as envisioned at the time of .com boom
The truth is that no one at that time would have defined "stuff" as advertising services, "cloud" services, etc., and that is where most of this wealth has come from
The so-called "tech industry" is not comprised of the "buying and selling stuff online", it is comprised of offering software for free, e.g., in the form of a "web app", a remote "service", etc. This is used as bait, a Trojan Horse, with the goal of intermediating other peoples' use of the internet, collecting data and performing surveillance
The focus of this "industry" is not on deriving revenue through "buying and selling stuff online", it is on collecting data. The data collection and surveilllance is not only applied to commercial use of the internet, e.g., "buying stuff online", it is applied to all use of the internet
- 1vuio0pswjnm7 4mo ago-1,0,1