Some tech is getting pricier and looking a lot like the older services it was supposed to beat. Namely video streaming, ride-hailing, and cloud computing.
Isn’t that how silicon valley worked for years even within itself? Run a loss for long enough until you’ve overtaken the market and then raise prices when the competition has lost their edge.
Yet you still see people grumbling about how restrictions on chinese EV imports are just “American/Western Imperialism”, since people apparently don’t understand how valueable domestic production is
Isn’t that how silicon valley worked for years even within itself? Run a loss for long enough until you’ve overtaken the market and then raise prices when the competition has lost their edge.
That’s what China is trying to do with their EVs in other markets right now too as another example.
Yet you still see people grumbling about how restrictions on chinese EV imports are just “American/Western Imperialism”, since people apparently don’t understand how valueable domestic production is
It’s because the USA floods countries with cheap goods all the time and then cries foul when someone else does it. It’s pure hypocrisy.
What cheap goods does the US produce and flood other countries with? Even in the US, most of our products are made in China.
US Agricultural goods are heavily subsidized and, thanks to NAFTA, flooded Mexico’s markets and destroyed farmers’ livelihoods.
Well, Facebook, google spring to mind. They are both cheap for the consumer and undermine local competition. Digital goods can be dumped too.