So who is going to be buying all this produce whatever it is. No point in super productivity unless youve got a market be that tiny steel screws,ball bearings,iconic photographs,apples or chairs and tables. I do not + cannot see the point of "growth" and "productivity" when it's just making stuff,straight to landfill stuff too.
Very interesting. The obvious answer is that digital products and services often have near-zero unit costs. To produce 1,000,000 or 1 copy of a piece of software you need the same development costs. The unit costs are basically just the server/energy costs to host the software/distribution and any marketing costs. There is a very very low tax burden on digital products. All physical productivity passes through the “traditional” economy with layers of taxation, monopolies and loads of fixed regulatory costs. There are no environmental reviews in producing software. There are no building permits. There are no health authorities
Digital products and services are very very profitable because they are only manipulating the physical world at the electron (and photon) level and not at the real stuff level. If you want to be rich, go into software not agriculture.
I think this is downstream of the finacialization of everything. Delta doesn’t make profit from getting people to destinations on time, they make it from trading oil futures. Apple makes more profit selling financing than products. GM makes more money issuing loans than building vehicles. Everyone wants to be a bank, because they have monopolies on private monetary creation through fractional reserve banking. Everyone in our fiat focused economy wants to position their mouths as close to the money printers as possible. And digital products are a great thing for money to flow into because their unit costs are so low. Financial services and digital products are a match made in heaven because their lift is low and the payout is high.
So who is going to be buying all this produce whatever it is. No point in super productivity unless youve got a market be that tiny steel screws,ball bearings,iconic photographs,apples or chairs and tables. I do not + cannot see the point of "growth" and "productivity" when it's just making stuff,straight to landfill stuff too.
Very interesting. The obvious answer is that digital products and services often have near-zero unit costs. To produce 1,000,000 or 1 copy of a piece of software you need the same development costs. The unit costs are basically just the server/energy costs to host the software/distribution and any marketing costs. There is a very very low tax burden on digital products. All physical productivity passes through the “traditional” economy with layers of taxation, monopolies and loads of fixed regulatory costs. There are no environmental reviews in producing software. There are no building permits. There are no health authorities
Digital products and services are very very profitable because they are only manipulating the physical world at the electron (and photon) level and not at the real stuff level. If you want to be rich, go into software not agriculture.
I think this is downstream of the finacialization of everything. Delta doesn’t make profit from getting people to destinations on time, they make it from trading oil futures. Apple makes more profit selling financing than products. GM makes more money issuing loans than building vehicles. Everyone wants to be a bank, because they have monopolies on private monetary creation through fractional reserve banking. Everyone in our fiat focused economy wants to position their mouths as close to the money printers as possible. And digital products are a great thing for money to flow into because their unit costs are so low. Financial services and digital products are a match made in heaven because their lift is low and the payout is high.
Yes, the goal is to inject more information into the physical industries, and to remove as many regulatory and tax obstacles as possible.