[logicchains]

>the market is actually not at all interested in the satisfaction and well-being of the people in society.

The biochem industry is extremely bad at creating things that increase the satisfaction and well-being of society; the vast majority of products are failures with few users. The reason tech companies make money is because they make things people actually want to use.

[sigwinch]

Would you count Borlaug’s work as biotech?

[SiempreViernes]

Most ad-blockers are non-profits, how does that fit in your picture?

[logicchains]

Sorry, what have ad-blockers got to do with biotech?

[esafak]

> The reason tech companies make money is because they make things people actually want to use.

Ad blockers are not products of tech companies but enthusiasts, as I understand it.

[Collectivism]

>The biochem industry is extremely bad at creating things that increase the satisfaction and well-being of society

I'd argue the "satisfaction" of society has been hijacked. We cannot even, as a society, understand the impact on medicine, nutrition, agriculture and the well-being we could harness from focusing on the long term, rather than seeking dopamine hits through screens.

I blame Moloch. https://www.slatestarcodexabridged.com/Meditations-On-Moloch

[hnlmorg]

If that were the case then public services would be paid better.

Wages simply go to the industries that make the most money. There’s nothing more insightful than that.

[idiotsecant]

At least you're honest enough to admit ignorant tech bro status out loud.