this post was submitted on 15 Feb 2024
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I love the "blame the consumer" mindset so much! It always leads to change and reform
This whole attitude of "its not their fault they can't help but hand over their money and buy overpriced shit" has got to stop
Economics is very simple here: there is supply, there is demand. If demand outstrips supply, the price will rise. This includes when is artificially restricted (or the market is flooded with alternatives by the same vendor to give the feeling of scarcity).
The demand for streaming services is the same. People will take the hit, so the price goes up until they can't anymore.
The generation is contributing to inflation because of inability to restrain themselves from buying frivolous shit for extortionate amounts of money, because they can't psychologically cope with doing without something, then complaining that no jobs pay enough while they try to launch an onlyfans career. Every generation has it's flaws.
This then makes prices rise for everyone. The infantilzation to suggest they cant help themselves is astonishing. Companies are not going to stop making profit without intervention.
There's no vote with your wallet when the supply is infinite and intangible, me not buying the microtransaction is one person, but a single whale will buy several, getting multiple votes in "yes please continue to shove shit down my throat" this isn't voting at all.
One thing I have heard stuck with me fiercely.
"When you vote with your wallet, those who have more money get more votes".
And you know who got the most money? No, it's not the whales. It's the corporations.