this post was submitted on 26 Jun 2023
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Technology
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Thats been the case time and again, how many disruptions from the tech bros came to industries that had been stagnant or moving at a snails pace when it came to adopting new technology (esp to lock into more expensive legacy systems).
Most of those industries disrupted could have been secured by the players in those markets instead the allowed a disruptor to appear unchallenged.
Remember the market is not as rational as some might think, you start filling gaps and people often won't ask about the fallout and many of these services did have people warning against these things.
We are for the most part, in a nation that lets you do whatever you want until the effects have hit people, this is even more a thing if you are a business. I don't know an easy answer, in some of these cases, old gaurd needed a smack, in others a more controlled entry may have been better. As of now "controlled" is jut about the size of ones cash pile.
Cue the ethical corporations discussion....