Prison labor to the tune of 6.50 per day.
treefrog
joined 1 year ago
Coffin Motels.
The term was coined in Neuromancer I believe.
Amazon is the mall Best Buy is paying rent too. It's not a store itself but overhead the store pays.
To use your example if the cost of the cables is $2 and the selling price is $20, Amazon's rent is $10 of that. Leaving $8 as Best Buy's profit margin.
So, just like real people, AI hate telling people I don't know.
I hear your analysis and I think he's jumping the gun a bit. I think what he's pointing at is a potential for things like Amazon to become more and more feudal.
But I think you raise a lot of good points.
We do still have governments and governments are still capable of reeling in companies like Amazon. I think corporate feudalism or technofuedalism is a potential and I think he's right that it may be closer than we realize.
But he believes we've already crossed that bridge. Some examples he uses to support his position is stock prices going up when the financial sector is expecting a bail out. I.e., the governments really belonging to corporate interests rather than for the people by the people.
I think his analysis is correct in a lot of ways but the term he's using is for something we could potentially be seeing happen soon rather than a line we already crossed.
Thanks! I'm installing it now.
I think it's a matter of degree.
And his prime example, no pun intended, is Amazon not social media. In his view, Bezos has more in common with a feudal lord than a capitalist. And the power difference between Jeff and the capitalist is as large as the difference between the capitalist and the worker.
So, essentially, we're watching feudalism come back into power. Which itself still had commerce, markets on the King's land for example. Which, to me, does sound a lot like Amazon.
Nope but I will give that a listen too! So thanks for the link.
I'm interested in getting his book also.
Podcasts does but not YouTube unless you pay for a subscription
Nah, I'll migrate to podbean or something else that allows me to listen with the app minimized.
Don't trust SpongeBob with AI