Tech has always been breaking social contracts. It’s how we roll. We did the same thing with taxis and travel accommodations to name a few.
We hid our “we know better” hubris under the term “disruption” because the reality (breaking everything) was a little too unsettling for us.
We ignore laws and regulations where we know better of course. Don’t you love having a homey place to stay while travelling that has just a few weird rules, a small to-do list and stays spotless thanks to that cleaning fee?
And look at all the good we did! A whole new world of slaves (oops gig workers - sorry!)
And of course we’re doing it again with information and content. We should be in charge of monetizing all your work because you’re not responsible enough to do it right. It furthers our need for power and control. Oops we meant to help make the world a better place (We keep doing that, sorry.)
Oh, I think it goes further than that. Many of these companies would not exist without massive subsidies. Their business models were untenable without some monied interest pumping them up. And where did they get their money from? Mainly money-printing, rent-seeking, usury, or good ol' legalized fraud (which is what I consider "burying a right to sell your information to advertisers in the ToS, to the tune of orders of magnitude more value than you get from the service").
And it's not that their services were fulfilling a need, just at a large social cost. Many created a need by using those massive amounts of funding to destroy existing, sustainable services. They're a net negative for the economy and society because they replaced workable businesses (albeit with limited reach because the users bore the full cost) with businesses that will collapse because they're built around ubiquity and forcing non-users to shoulder part of the cost (the only way to break even while paying back investors).
davidee · · focus · HN ↗
We hid our “we know better” hubris under the term “disruption” because the reality (breaking everything) was a little too unsettling for us.
We ignore laws and regulations where we know better of course. Don’t you love having a homey place to stay while travelling that has just a few weird rules, a small to-do list and stays spotless thanks to that cleaning fee?
And look at all the good we did! A whole new world of slaves (oops gig workers - sorry!)
And of course we’re doing it again with information and content. We should be in charge of monetizing all your work because you’re not responsible enough to do it right. It furthers our need for power and control. Oops we meant to help make the world a better place (We keep doing that, sorry.)
59percentmore · · focus · HN ↗
And it's not that their services were fulfilling a need, just at a large social cost. Many created a need by using those massive amounts of funding to destroy existing, sustainable services. They're a net negative for the economy and society because they replaced workable businesses (albeit with limited reach because the users bore the full cost) with businesses that will collapse because they're built around ubiquity and forcing non-users to shoulder part of the cost (the only way to break even while paying back investors).