this post was submitted on 17 Dec 2023
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I could see someone making something useful and selling it to billions of people at a fair price not being exploitative and also being a billionaire.
I think it's rare to the point of maybe happening once ever, but I'm not super upset about the behavior of the guy currently bankrolling the signal foundation.
The problem is if you aren't exploitative then you aren't being as "efficient" (in a capitalist sense) so you'll be out-competed. The system is designed to incentivize exploitation. It's mis-aligned to do anything else.
Oh, the system is totally pushing everyone to try to be the worst person possible.
However, they might not actually be out competed if they're not being as exploitative as possible. If they're not charging as much as the market will tolerate they're being inefficient but in the way costs profit but attracts consumers.
I literally only have one billionaire who might not be a problem, but that's what they did. $1 for a year of access sold to a few billion people, with something like 50 employees.
It's why the billionaires who shaft consumers and their workers are so gross. Reducing profit margins doesn't impact efficiency, it only impacts money in their already overstuffed pockets.