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Arguably we'd be much better off if none of those would be subsidized by investments, at least not to the "run unprofitable for decade+" level. Because that ju
by PunchyHamster 3mo ago
Arguably we'd be much better off if none of those would be subsidized by investments, at least not to the "run unprofitable for decade+" level.
Because that just absolutely murders any competition that manages to not get that level of free money. You're not pouring money in to make it happen at all at that point, you are pouring money in so nobody else can get the part of the pie.
Which is great for investors, bad for everyone else
- YZF 3mo agoIf the pie is valuable enough then competition can get money. We have competition in AI. You can't build big things without investment.
- hluska 3mo agoWhat would be the alternative? You’ve got the government funds absolutely everybody on one end of the scale. Where do we find a reasonable alternative?
- disgruntledphd2 3mo agoYeah, in the Uber example, Hailo was a great competitor with a franchise model that got destroyed by Ubers essentially infinite capital.