3 ms·

When a good is overproduced, and that good has negative externalities (emissions, water pollution, et cetera), there are real people being harmed. It doesn't ma

When a good is overproduced, and that good has negative externalities (emissions, water pollution, et cetera), there are real people being harmed. It doesn't matter if the "trillion dollar corpo" (401k holding for most people) is taking a loss. We all take a loss. We are all losers, except for a small group of subsidized consumers. Consumers =/= regular folk, arbitrarily. Much of the LLM business is B2B, so the consumer might be billion dollar corpos themselves.

stale2002 8d ago
> When a good is overproduced there are real people being harmed. Its more complicated then that, actually. If you go back to your basic economics 101 text book, a price being outside of the equilibrium price cause total "deadweight loss", but still produces real benefit for one of the parties. > We are all losers, except for a small group of subsidized consumers. Actually it would be the very tiny group of multi trillion dollar companies taking a loss, and their customers winning. > so the consumer might be billion dollar corpos themselves. I am sure there are some. But the wide swath of all of employees and customers at all those billion dollar companies put together make up a much larger amount of less powerful people then the couple thousand or so at a few oligopolistic labs. This is why, once again, courts value consumers over trillion dollar companies, even when its comparing b2b market share (in which case, it is very very clear which side has more market power here, and which side represents a large number of "regular" people). > We all take a loss. Actually no. Go back to the econ 101. The couple duopolies lose, and their much larger amount of customers win. Go back to the courts again, which spell this all out very clearly and prefer consumers for a reason.

3 ms·

When a good is overproduced, and that good has negative externalities (emissions, water pollution, et cetera), there are real people being harmed. It doesn't ma

by NewJazz 8d ago

stale2002 8d ago
> When a good is overproduced there are real people being harmed. Its more complicated then that, actually. If you go back to your basic economics 101 text book, a price being outside of the equilibrium price cause total "deadweight loss", but still produces real benefit for one of the parties. > We are all losers, except for a small group of subsidized consumers. Actually it would be the very tiny group of multi trillion dollar companies taking a loss, and their customers winning. > so the consumer might be billion dollar corpos themselves. I am sure there are some. But the wide swath of all of employees and customers at all those billion dollar companies put together make up a much larger amount of less powerful people then the couple thousand or so at a few oligopolistic labs. This is why, once again, courts value consumers over trillion dollar companies, even when its comparing b2b market share (in which case, it is very very clear which side has more market power here, and which side represents a large number of "regular" people). > We all take a loss. Actually no. Go back to the econ 101. The couple duopolies lose, and their much larger amount of customers win. Go back to the courts again, which spell this all out very clearly and prefer consumers for a reason.