Every kid is shown silicon valley and taught being an intermediary/middle man is the path to success. Every kid can see margins running an oil ring, mine, farm, factory or hotel are less than running a platform by a huge factor.
So who is going to want to be a producer in such a system? When the balance in an economic system tilts from production to middle men it makes the whole system unstable.
So silicon valley has pushed the whole world into an unsustainable unstable state, of everyone falling over each other trying to be middle men.
What is working is temporary. They are not blind to it. They just don't know how to do anything else. It's a runaway train.
Just like the British East India company. No one designed it. No one controlled it. No one could do anything when it collapsed. The Free banking system is a similar story. Everyone thought running their own money printer was a great idea. Why doesn't it exist today? Silicon valley will follow the same trajectory. There is a reason its CEO ran to DC to bend the knee. Cause they know their survival is based on maintaining middle men status. Which can break any day the political winds change or another TikTok appears on the horizon from outside SV.
bix6•3mo ago
I would say that’s obvious.