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This is a sub-selection from This is so stupid!

reply to ET TU

Re: This is so stupid!

You bring up an interesting point as to why the tech sector throws economics off so much.

Advancement in technology is not always good in the eyes of capital. Even if it is obviously good.

For example, company A produces 16 drugs for cancer type C.
Company As main source of revenue is the 16 drugs for cancer type C. Researcher at company A finds a way turn those 16 drugs into one drug. That one drug will essentially cure cancer type C.

If cancer type C is cured, the company collapses. Therefore, it is good for company A to NOT market the drug (if you are a laissez-fairest above all else that is).

There are many instances where this is the case. The problem is that not every company markets one thing. That is the big problem with the oil industry, in my opinion. Oil produces make a host of products. If hydrogen was introduced as a legitimate energy alternative, those companies would lose those oil profits and many other sectors of the economy would collapse as well, even though hydrogen would be a far more efficient and cheaper resource.

Of course, I don't initially see any connections with that and broadband, but Et tu, your somewhat off-topic rant is appreciated.