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this post was submitted on 28 Jul 2023
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Be real mate. Thats not how it works.
Suppliers create the demand.
People werent demanding smartphones before smartphones got invented.
Most new things are shunned by most people until they slowly gain popularity and then the demand starts to exist.
You are stating the hypothesis of capitalism whilst ignoring the conclusion.
Suppliers do not create demand lol
Some of us were adults in 08 when lack of demand crippled the world
I was 21. I remember.
Im not saying demand doesnt fuel supply.
Im only saying supply can create demand.
Sure, with very specialized things like highways.
Not for most goods. In no way is that how money is spent within a company.
I guess the example i gave of folding phones bares no weight in this discussion?
A not very popular form of phone that very frw people asked for being created and despite minimal interest it is still gettig made. The galaxy fold 5 came out recently. And google just made a folding phone. Many other companys: Huawei, xiomi, oppo and more have made folding phones. And adverts for these devices are only just making their way to the main stream.
Perfect example of supply genrating demand as people are talkkng about them jow, and becoming interested. Sales of folding phones are increasing steadily.
But i guess thats just not how it works eh?
Phones, and tech in general, has always been an innovation arms race. If one company starts making foldable phones, you'll see competition join in.
This isnt manufactured demand, it's n industry defined by throwing gimmicks at the wall until one Is popular
See the abject failure of the Windows phone as a classic example of an entry failing.
Edit: came across this on my news scroll today: https://www.cnbc.com/amp/2023/07/28/ford-embraces-hybrids-as-it-loses-billions-on-evs.html