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by etjossem
2699 days ago
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This is a genuinely good take, and the downvotes are disappointing. We like to describe new efficiencies in productivity and information-seeking as "good for the consumer," because that's a highly positive effect. But it's awful for any supplier who hasn't found a way to be better than the best yet - and that in turn can encourage unhealthy consolidation of large businesses at the expense of small ones. Put another way: let's face it, some of Adam Smith's predictions about the risks of monopoly were right too. |
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