@paulg That doesn’t mean that others haven’t got rich through exploitation and rent-seeking though.
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@paulg agreed. But they did get rich showing ads for useless shit to the poor :) -
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@okayultra@paulg you mean let marketing subtly nudge them to believe say, sugar water is good for them ? I kid, I kid. I'm a capitalist - 3 more replies
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@paulg Yes they did. Poor and under-educated people are very, very disproportionately likely to click on Google ads. -
@hausdorff_space But that's not "transfer of wealth", those who click on ads don't pay for clicking, advertisers do.@paulg -
@eclecticV Try again. Poor visitors funneled to those sites do convert with disproportionate regularity. That is a transfer of wealth@paulg -
@hausdorff_space But that money doesn't directly go to Google, but I see your point.@paulg
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@paulg thank you for stating it. People need a reminder http://paulgraham.com/wealth.htmlThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg Sure, those small time advertisers got value in return, but was the ROI always 100% or more? Debatable.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@paulg What do you mean? Is the end goal supposed to be "getting rich"?Thanks. Twitter will use this to make your timeline better. UndoUndo
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