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0 pointspixl9714d ago0 comments

At least in the US very few industries actually seem to be about making a product.

A good example is this, car companies don't make cars for the most part, they make loans. Financial companies first, car companies second.

Consolidation, collusion, and rent-seeking behaviors by companies are going out of control too. The fact AI companies can do what they are doing has much to do with the previous brick and mortar businesses weakening any business regulations down to nothing.

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D13Fd14d ago

> A good example is this, car companies don't make cars for the most part, they make loans. Financial companies first, car companies second.

I get that this is true from a certain point of view. But car companies clearly compete in a very healthy way on features and quality.

In fact, cars are a great example of a market where the companies clearly care about making the product, and the competition between them has driven that products to incredible heights. Cars these days are vastly better than they were in the past.

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