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.
Tech never promised anything. They cut the price for people to be dependent to them and then rise the price.
It’s just basic capitalism.
It really is crazy that you can have venture capitalists operate at a loss for a decade just to change the entire infrastructure of society to be dependent on them in the future. Really undermines any kind of microeconomic common sense that is supposedly the basis of capitalism.
Just goes to show that wealth distribution is so fucked if a small group of people can burn billions of dollars on essentially a bet. Just because they have enough bets placed that they know some will payoff.