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Comment by cen4

Well people have discovered you can make cash irrespective of the quality of tech you pump out.

Two routes have been discovered and milked to high heaven -

Financial engineering - this is where if you accumulate more capital and faster than the next guy you win. Add to that globalization ie arbitrage on interest rates/tax rates/forex/labor cost/rent/real estate/govt regulation in generating capital.

Demand engineering - related to capital raising - since attention is finite - who spends more on marketing/ads/pr captures more attention faster than the next guy.

The creatives/engineers/scientists haven't spent enough time coming up with a response to either. So they all end up dependent on the financial and demand engineers.

This will change with time as people come up with ways to respond.

parent cen4 2 years ago

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