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by comte7092
1272 days ago
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Most economic models of equilibrium explicitly state that they model outcomes “in the long run” for precisely this type of a circumstance. Should a firm with a history of these types of problems lose out to competition organically? Sure, but there is no binary “losing out tot he competition” switch that just gets flipped one day. This is part of the reason why I get so frustrated with the laissez faire mindset/meme. |
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Crucially, these models don't actually state that the companies that do the best job will win out, but that the most profitable ones do.
The problem arises when screwing over the user is more profitable than doing it properly.
That's why the tech industry is so ethically corrupt today. There's very little regulation to make dark patterns and sloppy security practices more costly than they are profitable.