Re:Google makes push to turn product searches into cash
by gt_ on Monday March 19, 2018 @12:08PM
(#16619479)
>What happened about doing one thing, but doing it well?
Mass connectivity and the sorts of companies that entails might contribute, but financial structures are responsible for most of it.
Public corporations and investment firms decouple capital from production. The neoclassical economic theories establish this as a reasonable approach to a liquid market, but they fail to account for a few things, including mode of production, which comprises the means and relations of the production process. Whereas specialization brought efficiency to production, these recent arrangements remove production from sight, altogether. Our financial system is essentially just optimizations for doing this type of business, and other industries have followed suit. Monopolies are among but still the least of our problems.
Mass connectivity and the sorts of companies that entails might contribute, but financial structures are responsible for most of it.
Public corporations and investment firms decouple capital from production. The neoclassical economic theories establish this as a reasonable approach to a liquid market, but they fail to account for a few things, including mode of production, which comprises the means and relations of the production process. Whereas specialization brought efficiency to production, these recent arrangements remove production from sight, altogether. Our financial system is essentially just optimizations for doing this type of business, and other industries have followed suit. Monopolies are among but still the least of our problems.