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A brief history of the Bloomberg terminal

395 points · 171 comments · rbanffy

  1. UltraSane · · focus · HN ↗
    At $32,000 a year per person the Bloomberg Terminal is a deeply unfair advantage for the rich to get richer.
    1. anonu · · focus · HN ↗
      that's a perverse way of looking at the cost of a service offering.
      1. rbanffy · · focus · HN ↗
        It's the very nature of our society that money buys you increased access to tools for making more money.
        1. CamperBob2 · · focus · HN ↗
          Well, what would be the point of being rich, if you couldn't buy more stuff?

          I swear, the audience around here these days...

          1. rbanffy · · focus · HN ↗
            > Well, what would be the point of being rich, if you couldn't buy more stuff?

            One could ask "Well, what would be the point of having power, if you couldn't abuse it?"

            1. CamperBob2 · · focus · HN ↗
              One could, but it would be a completely-different question.
            2. wiseowise · · focus · HN ↗
              Having a leverage isn’t an abuse. It’s a tool, it’s not like you’re buying a news outlet or a local senator.
              1. rbanffy · · focus · HN ↗
                > Having a leverage isn’t an abuse. It’s a tool

                Competition, and capitalism optimally allocates resources only in the presence of competition, is harmed when the playing field is not level. Make the playing field uneven enough and what looks like capitalism starts to become something entirely different.

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