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by consteval 456 days ago
Because it’s directly related - the US’ political strategy is why PayPal exists. Politics is inseparable from economics.

We prioritize the private sector politically and there’s a lot of benefits, and a lot of detriments, to this.

One of the downsides is we have hundreds of more or less identical companies doing the same thing that don’t need to exist. This breeds inefficiency into systems we use, thereby opening the door for even more useless companies that just reduce friction. Friction that we decided we needed to have.

The most obvious example is healthcare in the US, but every industry experiences these detriments.