Comment on Americans are holding onto devices longer than ever and it's costing the economy
irotsoma@piefed.blahaj.zone 1 day ago
“Companies aren’t innovating anymore and it’s costing the economy” is what it should say. When late stage capitalism leads to consolidation and cost cutting, stock buybacks, and other short term profit when competition is no longer necessary, that’s what kills the economy. That’s why monopolies and anticompetitive behaviors are bad.
“Companies aren’t innovating anymore and it’s costing the economy”
companies aren’t innovating anymore because physical limits have been reached. Moore’s law holds no longer true. Transistors can’t be packed more tightly into space anymore while also making the computer chip cheaper at the same time.
There’s lots of things that could be innovated without faster processors. I mean if we’re just talking cell phones, adding a camera was an innovation, adding a touch screen and eventually touch keyboards that actually worked. These things were aided by faster processors, but not directly dependent on them. But these could be totally unrelated devices to phones or even computing at all. Innovation across the board including med-tech, business models, city planning, and tons of other industries have suffered from privatization, deregulation, and leading then to consolidation and thus little need to compete and thus little need to innovate.
SparroHawc@lemmy.zip 1 day ago
Don’t forget aggressive rent-seeking behavior.