logoalt Hacker News

talkingtabyesterday at 10:53 PM2 repliesview on HN

We have an economy like this:

producer => provider => consumer.

What happens when providers are the gateway for the providers and consumers? When the providers own the market place for both producers and consumers?

1. A producer grows a potato 2. The provider buys the potato for $0.10 3. The provider sells the potato to the consumer for $600.00

This is the system we have now. The wealth goes to the corporations and wealthy stock owners. $599.90. Well, okay, they end up paying $.90 for packaging and to buy politicians.

The number of people who can afford a potato gets smaller and smaller, so fewer and fewer potatoes are sold. For more and more money. Because there is so little demand for potatoes, then potato growers have excess capacity so they get paid less and less. They go out of business.

Is this a problem? What are the long term effects? Guess we will find out.


Replies

yegleyesterday at 11:02 PM

In your example, why didn't a 6000% ROI not attract enough investors and introduce competitions, eventually lower the ROI?

show 1 reply
hnavyesterday at 10:59 PM

it's stunning to me that in most verticals the middlemen seem to be eating the whole pie.