• 3 Posts
  • 434 Comments
Joined 6 months ago
cake
Cake day: October 30th, 2024

help-circle




  • Viri4thus@feddit.orgtoTechnology@lemmy.world*Permanently Deleted*
    link
    fedilink
    English
    arrow-up
    30
    arrow-down
    1
    ·
    edit-2
    5 days ago

    Richard Wolf had a very good take on all of these Silicon Valley “disruptors”. It’s basically been the neoliberal US american MO for the past quarter century:

    Step 1: get a bunch VC money by promising the moon

    Step 2: “disrupt” by undercutting the established moon due to lack of regulation. Even though it’s an inferior product, it’s VC subsidised, so it’s cheaper than the established businesses.

    Step 3: due to lack of regulation, your business drives established operators to bankruptcy. This is basically dumping but the regulation hasn’t caught up.

    Step 4: become the monopoly and suck as much money as possible from your customers to generate “shareholder value”