Comment This is Ricardoâs theory of rent (Score 4, Interesting) 46
In case you never took that course, the classical economist David Ricardo figured out that if you were a tenant farmer choosing between two lots of land, the difference in the productivity of the lands makes no difference to you. Thatâ(TM)s because if a piece of land yielded, say, ten thousand dollars more revenue per year, the landlord would simply be able to charge ten thousand more in rent. In essence landlords can demand all these economic advantages their land offers to the tenant.
All these tech companies are fighting to create platforms which you, in essence, rent from them. Why do you want to use these platforms? Because they promise convenience, to save you time. Why do the tech companies want to be in the business of renting platforms deeply embedded in peopleâ(TM)s lives? Because they see the time theyâ(TM)re supposedly saving you as theirs, not yours.
Sure, the technology *could* save you time, thatâ(TM)s what youâ(TM)d want it for, but the technology companies will inevitably enshittify their service to point itâ(TM)s barely worth using, or even beyond that if they can make it hard enough for customers to extract themselves.