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"destroying trust for some random fashion-driven goals" Trust destruction has been the dominant economic model (outside tech) for a generation or two now. "Oh
by VLM 12y ago
"destroying trust for some random fashion-driven goals"
Trust destruction has been the dominant economic model (outside tech) for a generation or two now. "Oh the shopkeeper would never screw me over". "Oh my banker would never screw me over". "Real estate agents never screw over their neighbors". "All stock brokers can be trusted". "I can trust my doctor/hospital" "I trust if I get an advanced degree an upper middle class job for me at that edu level will magically be created with great salary for me, by magic, because thats how it always used to work" "I can trust cops" Screw em over, keep the profits, wait for the federal bailout money to roll in, and do it over again.
- TeMPOraL 12y ago> (outside tech) And that's probably only because tech industry is barely two or three generations old. We're seeing the signs here too. I have my pet theory that every market gets dominated by frauds as it matures. You can compete on the actual value you provide to people when the product/service is young, but after all low-hanging fruits are picked and there are no easy / significant improvements to be made, you still need to grow - and so the search for new methods of extracting money begins. Business models get more complicated, companies start to invest more and more into marketing and PR, and suddenly as a customer you can't trust your vendor anymore.