alt Hacker NewsThis is not just the tech industry.
It's easier than ever to make your own furniture. IKEA is bigger than ever.
It's easier than ever to publish a video game. Steam is bigger than ever.
It's easier than ever to 3D-print tractor parts. John Deere is bigger than ever.
It's easier than ever to switch to solar power. The petroleum industry is bigger than ever.
One person reverse-engineered Coca Cola, made an exact taste-alike and published the formula. You can make some at home. Coca Cola is bigger than ever.
Something fundamental is wrong with the economy.
The hidden cost to competing in these industries is insane. Its so hard to build a physical product that can compete against a giant like IKEA. You need to make some with less r&d, less automation, less infrastructure and you're going to sell less units and all that needs to be price competitive against something that is made on an production line with a team of experienced engineers and sold to millions at fine margins.