this post was submitted on 12 Jul 2023
2756 points (97.2% liked)
Memes
45554 readers
582 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It requires a front-loaded investment in infrastructure, which means lower returns for a few quarters.
Most companies wanted people to use horses for as long as possible because that meant they had to adapt, change, and invest. Why do something that’s difficult when you can just do the same thing? This works out when you don’t really have competition because the cost to enter the market is so high due to decades of mergers and acquisitions, consolidating all means of production and materials to a select-few companies.