> 2. Decrease production and sell goods only the wealthy at high prices. Leads to class warfare.
There aren't enough rich people to sustain this. It'll work until another company comes in and out-prices them.
Re:Is the Entire Economy Gentrifying?
by hotpotamus on Saturday March 04, 2023 @10:35AM
(#35021531)
I assume it ends with the entire economy working to support the one capitalist who wins the game. Sort of like Highlander.
Re:Is the Entire Economy Gentrifying?
by toomuchtodo on Saturday March 04, 2023 @10:43AM
(#35021603)
Hopefully KingGPT is benevolent.
As a language model, I'm not capable of benevolence
Re:Is the Entire Economy Gentrifying?
by toomuchtodo on Saturday March 04, 2023 @11:31AM
(#35022064)
Finally, the interesting times I was promised.
Not when the vendors are all monopolies and workers have no discretionary money to spend.
Re:Is the Entire Economy Gentrifying?
by nine_zeros on Saturday March 04, 2023 @11:21AM
(#35021943)
> There aren't enough rich people to sustain this. It'll work until another company comes in and out-prices them.
It will never get to that point because the wealthy have learned to spend on lobbying to protect their wealth.
The ROI of spending $15 million on lobbying > the ROI of spending $15 million on innovation/efficiency/new products.
1. Increase production and sell goods to the masses at low prices. Leads to a higher quality of life for the society.
2. Decrease production and sell goods only the wealthy at high prices. Leads to class warfare.