7 ms·
Apples and oranges. You cannot allow certain vital services to be run profit driven, when you care about the quality of that service. Thats a nobrainer to me, b
by throwawayqqq11 6d ago
Apples and oranges. You cannot allow certain vital services to be run profit driven, when you care about the quality of that service. Thats a nobrainer to me, because nobrain makes purchase descisions too.
The IT sector in general doesnt deal with comparably vital services and is due to its immaterial nature much more competive. Driving costs to zero/minimum is a logical outcome of healthy free markets, which is a direct contradiction to profit driven enterprise. That is why Peter Tiel hates competition and my profit margins for eg, grocerie stores (healthy localized market) are quite low. The only way to satisfy the fiscal pressure, baked into the system and upheld by propaganda, of "get more or loose", is to cut spending/quality in such a market. And the only way to prevent that are institutions above the free markets slowly failing to deliver.
This "slowly failing to deliver" is imo a key characteristic of late stage capitalism and i can see it everywhere (you too?). BC. in financialized economies, the incentive is elsewhere, than maintaining rural infra, "health care, housing, education".