this post was submitted on 21 Aug 2023
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Don’t blame tech, blame the bait-and-switch business model of loss leading products.
Uber never made money because they chose to undercut prices of all competitors and bleed them out.
I’d argue that newer streaming companies (those founded by studios, such as Disney +) did the same thing by roping in customers before jacking up prices.
It may be the “fault” of capitalism, but consider it was capitalism that birthed streaming in the first place. In the long term, the expectation would be a better solution will surface in reference to streaming.. the same way streaming was a solution to cable. Thus is the business cycle.
Remember that every invention discovered and improvement made before capitalism, happened before capitalism.
You act like capitalism is something that was invented. Market economies have existed since the dawn of time.
Think of it more like a spectrum where free market and unregulated capitalism is on one end and economies under total state control are at the other.
There is clear evidence that one side of that spectrum favors innovation more than the other.
I guess you could argue that one end of the spectrum is more “moral” than the other, but I would counter that the opposite end is amoral rather than immoral.
You mean capitalism is inherent in the matrix of the space-time continuum as opposed to invented?
Market economies have not all been capitalistic.
Innovation is not the singular motivation of mankind. Survival, comfort, stability, peace, equality are more important.
An amoral society is no better than an immoral society.