this post was submitted on 21 Aug 2023
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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Tech's broken promises: Streaming is now just as expensive and confusing as cable. Ubers cost as much as taxis. And the cloud is no longer cheap::Some tech is getting pricier and looking a lot like the older services it was supposed to beat. From video streaming to ride-hailing and cloud computing.

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[โ€“] [email protected] -4 points 1 year ago (1 children)

Undercutting competitors is how you foster a pro-consumer market. That's one of the core tenets of capitalism. On its own, that's a good thing. The problem is when companies think customers are so attached to them that they don't worry about being undercut themselves.

[โ€“] [email protected] 14 points 1 year ago

No, the single tenet of capitalism is "make profit". Capitalism doesn't care how you do it- lying, stealing, manipulating, indoctrinating, forcing, polluting, killing, it's all good.

For any corporation in the long run, a small edge translates into exponentially more capital, and since capital runs society, you can simply buy up the competition, or force them out of business.

Monopolies are not an issue for capitalism, they are an issue with capitalism.