The answer is that it’s all about “growth”. The fetishization of shareholders has reached its logical conclusion, and now the only value companies have is in growth. Not profit, not stability, not a reliable customer base or a product people will want. The only thing that matters is if you can make your share price increase faster than the interest on a bond (which is pretty high right now).
As you can see, this can’t go on indefinitely. And also such unpleasantries are well known after every huge technological revolution. Every time eventually resolved, and not in favor of those on the quick buck train.
It’s still not a dead end. The cycle of birth, growth, old age, death, rebirth from the ashes and so on still works. It’s only the competitive, evolutionary, “fast” model has been killed - temporarily.
These corporations will still die unless they make themselves effectively part of the state.
BTW, that’s what happened in Germany described by Marx, so despite my distaste for marxism, some of its core ideas may be locally applicable with the process we observe.
It’s like a worldwide gold rush IMHO, but not even really worldwide. There are plenty of solutions to be developed and sold in developing countries in place of what fits Americans and Europeans and Chinese and so on, but doesn’t fit the rest. Markets are not exhausted for everyone. Just for these corporations because they are unable to evolve.
Lacking anything else, big tech went in HARD on this, throwing untold billions at partnerships, acquisitions, and infrastructure.
If only Sun survived till now, I feel they would have good days. What made them fail then would make them more profitable now. They were planning too far ahead probably, and were too careless with actually keeping the company afloat.
My point is that Sun could, unlike these corporations, function as some kind of “the phone company”, or “the construction company”, etc. Basically what Microsoft pretended to be in the 00s. They were bad with choosing the right kind of hype, but good with having a comprehensive vision of computing. Except that vision and its relation to finances had schizoaffective traits.
Same with DEC.
The point is to show “engagement”, “interest”, which they can then use to promise that down the line huge piles of money will fall out of this pinata.
Well. It’s not unprecedented for business opportunities to dry out. It’s actually normal. What’s more important, the investors supporting that are the dumber kind, and the investors investing in more real things are the smarter kind. So when these crash (for a few years hunger will probably become a real issue not just in developing countries when that happens), those preserving power will tend to be rather insightful people.
If only Sun survived till now, I feel they would have good days
The problem is a lot of what Sun brought to the industry is now in the Linux arena. If Sun survived, would Linux have happened? With such a huge development infrastructure around Linux, would Sun really add value?
I was a huge fan of Sun also, they revolutionized the industry far above their footprint. However their approach seemed more research or academic at times, and didn’t really work with their business model. Red Hat figured out a balance where they could develop opensource while making enough to support their business. The Linux world figured out a different balance where the industry is above and beyond individual companies and doesn’t require profit
The problem is a lot of what Sun brought to the industry is now in the Linux arena. If Sun survived, would Linux have happened? With such a huge development infrastructure around Linux, would Sun really add value?
Linux is not better than Solaris. It was, however, circumstantially more affordable, more attractive, and more exciting than Solaris at the same time. They’ve made a lot of strategic mistakes, but those were in the context of having some vision.
I mean this to say that the “huge development infrastructure around Linux” is bigger, but much less efficient than that of any of BSDs, and than that of Solaris in the past. Linux people back then would take pride in ability to assemble bigger resources, albeit with smaller efficiency, and call that “the cathedral vs the bazaar”, where Linux is the bazaar. Well, by now one can see that the bazaar approach make development costs bigger long-term.
IMHO if Sun didn’t make those mistakes, Solaris would be the most prestigious Unix and Unix-like system, but those systems would be targeted by developers similarly. So Linux would be alive, but not much more or less popular than FreeBSD. I don’t think they’d need Solaris to defeat all other Unix systems. After all, in early 00s FreeBSD had SVR4 binary compatibility code, similarly to its Linux compatibility code, which is still there and widely used. Probably commercial software distributed in binaries would be compiled for that, but would run on all of them. Or maybe not.
It’s hard to say.
But this
The Linux world figured out a different balance where the industry is above and beyond individual companies and doesn’t require profit
is wrong, everything about Linux that keeps going now is very commercial. Maybe 10 years ago one could say it’s not all about profit.
As you can see, this can’t go on indefinitely. And also such unpleasantries are well known after every huge technological revolution. Every time eventually resolved, and not in favor of those on the quick buck train.
It’s still not a dead end. The cycle of birth, growth, old age, death, rebirth from the ashes and so on still works. It’s only the competitive, evolutionary, “fast” model has been killed - temporarily.
These corporations will still die unless they make themselves effectively part of the state.
BTW, that’s what happened in Germany described by Marx, so despite my distaste for marxism, some of its core ideas may be locally applicable with the process we observe.
It’s like a worldwide gold rush IMHO, but not even really worldwide. There are plenty of solutions to be developed and sold in developing countries in place of what fits Americans and Europeans and Chinese and so on, but doesn’t fit the rest. Markets are not exhausted for everyone. Just for these corporations because they are unable to evolve.
If only Sun survived till now, I feel they would have good days. What made them fail then would make them more profitable now. They were planning too far ahead probably, and were too careless with actually keeping the company afloat.
My point is that Sun could, unlike these corporations, function as some kind of “the phone company”, or “the construction company”, etc. Basically what Microsoft pretended to be in the 00s. They were bad with choosing the right kind of hype, but good with having a comprehensive vision of computing. Except that vision and its relation to finances had schizoaffective traits.
Same with DEC.
Well. It’s not unprecedented for business opportunities to dry out. It’s actually normal. What’s more important, the investors supporting that are the dumber kind, and the investors investing in more real things are the smarter kind. So when these crash (for a few years hunger will probably become a real issue not just in developing countries when that happens), those preserving power will tend to be rather insightful people.
The problem is a lot of what Sun brought to the industry is now in the Linux arena. If Sun survived, would Linux have happened? With such a huge development infrastructure around Linux, would Sun really add value?
I was a huge fan of Sun also, they revolutionized the industry far above their footprint. However their approach seemed more research or academic at times, and didn’t really work with their business model. Red Hat figured out a balance where they could develop opensource while making enough to support their business. The Linux world figured out a different balance where the industry is above and beyond individual companies and doesn’t require profit
Linux is not better than Solaris. It was, however, circumstantially more affordable, more attractive, and more exciting than Solaris at the same time. They’ve made a lot of strategic mistakes, but those were in the context of having some vision.
I mean this to say that the “huge development infrastructure around Linux” is bigger, but much less efficient than that of any of BSDs, and than that of Solaris in the past. Linux people back then would take pride in ability to assemble bigger resources, albeit with smaller efficiency, and call that “the cathedral vs the bazaar”, where Linux is the bazaar. Well, by now one can see that the bazaar approach make development costs bigger long-term.
IMHO if Sun didn’t make those mistakes, Solaris would be the most prestigious Unix and Unix-like system, but those systems would be targeted by developers similarly. So Linux would be alive, but not much more or less popular than FreeBSD. I don’t think they’d need Solaris to defeat all other Unix systems. After all, in early 00s FreeBSD had SVR4 binary compatibility code, similarly to its Linux compatibility code, which is still there and widely used. Probably commercial software distributed in binaries would be compiled for that, but would run on all of them. Or maybe not.
It’s hard to say.
But this
is wrong, everything about Linux that keeps going now is very commercial. Maybe 10 years ago one could say it’s not all about profit.
The point is the industry is not a profit driven entity, but has room for many profit driven entities.