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b_lumenkraft t1_jdqbg0l wrote

Reply to comment by honestFeedback in Silicon Valley Elites Are Afraid. History Says They Should Be by Mynameis__--__

> They seem to think they should be allowed to grow more rapidly than we've ever seen before, make billions of dollars, but have no accountability for the social chaos they cause because that would moderately impact the huge sums they make.

You describe externalities in capitalism quite nicely - not only tech.

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seri_machi t1_jdqorz4 wrote

Software is unlike all other major industries before it, at least in one way. For approximately $0 in materials, you can create a product that can be sold to a billion people with no shipping costs. Sucessful software companies are profit printing machines.

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b_lumenkraft t1_jdqqez6 wrote

I mean, you are not wrong, but you make it appear as if software would just spring into existence. That is of course not the case. There are costs involved. Creating software is labor-intensive and a very complex process. There are indeed costs involved.

Yes, it's a high-margin industry but not very different margins than, say, energy companies.

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