"... whenever a techbro talks about 'disrupting an industry,' they mean: 'replicating an already existing industry, but subsidizing it heavily with venture capital, and externalizing its costs at the expense of the public or potential workers by circumventing existing consumer-, worker- or public-protection laws in order to hopefully undercut the existing competition long enough to bring about regulatory capture.'"
@bgcarlisle Louder for the people in the back!
I feel that many of these problems have a common cause: the rich *literally* have too much money for their own good.
It's why interest rates are so low (there's nothing particularly productive too invest in *that investors can extract money from*), why eg: Apple has hundreds of billions of dollars in cash (*they* can't find anything useful to do with it), and why Uber - whose business model is “loose ~$4B/year until magic” - is worth anything.
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