[actionfromafar]

This reads eerily close to the just world fallacy. The market isn't perfect.

No, it's not arrogance driving people to do their own design system. But corporations engage in all sorts of dysfunctional (to the whole) rituals.

[cogman10]

I'll do you one better, the market doesn't care about competitive advantage.

If it did, then we'd not see every company adopting this year's technobabble to get a stock price bump. How many companies this year are chasing LLMs and AI even when it has absolutely nothing to do with their core product? How about a few years ago when everyone was after ML? A few years before that when it was setting up blockchains?

Heck, how many of these layoffs going around are due to the fact that every time a company does it they get a stock price bump?

[satvikpendem]

> the market doesn't care about competitive advantage

"In the short run, the market is a voting machine but in the long run, it is a weighing machine." - Benjamin Graham

The market does care, eventually. How many of those types of companies that you mentioned are now bankrupt or out of business?