He’s a Trumpie but in this case I wouldn’t hold that against him. Nobody can really prep for something like this. You’d spend all day tail-risk-proofing a business idea and never starting anything if you were to worry at this level. But still... something unsympathetic here.
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Barbarian mindset.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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It seems a lot of retail (esp. food service) works this way. It's kind of like a hyperlocal monopoly. It's been interesting to watch things bifurcate w/ COVID: business that were constantly striving to de-commodify are getting by(?) and those, all in on commodity are kinda sunk
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That said, I'm not sure it's a good thing. Seems like commodity food/retail infrastructure is actually something we want. But the problem is we allocated the risk unevenly for a whole class of businesses--the rent seeking here is quite literally rent.
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Something about this doesn't sit well with me. It could be my problem. But, I don't like the idea of zero capex / zero marginal cost businesses being able to look down on those who're interested in the physical world.
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*invested
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