In theoretical #market#economies, the high logistical efficiency of monopolies does not become a problem, because a new startup can always come with a new innovative technique, compete with prices and refuse to sell to the sluggish juggernaut.
But real-world market economies have regulatory capture & all other kinds of abuse of power.
And in real-world political systems monopolies bankroll policians to keep telling the story of theoretical markets, watching their power & money expand further.
Taken at Patel Brothers on Devon Avenue during one of our frequent trips to get good food and groceries. Since I started posting here, I notice certain things more often and this photo just struck me.
Went to the Albert Park farmers market this morning. Oddly I never buy much at these things, it's mostly an excuse to meet up with friends who do buy stuff while I walk around admiring the produce and meeting dogs. So many dogs!
The Albert Park market is in a park once occupied by a gasworks, nice spot. Also easy to get to via the number 1 tram. 🚃
I have a newish, well-used Dell Inspiron 5301, 8GB RAM, pretty sure it has an 11th Gen i5. And a newish larger than stock battery. Brand-new keyboard and trackpad.
I'm hoping to sell it, collection only. I'm located in the East Midlands, UK. It currently has Windows 11 and drivers installed, but I can install any OS you'd like.
#Tesla’s Profit Fell 55%, Adding to Concerns About Its Strategy
The first-quarter results will very likely fuel worries that competitors will continue grabbing a bigger slice of a #market dealing with slowing #ElectricCar sales.
Another one with the #LongExposure feature on the #PixelCam. Not a big fan of the renovation work at this market in #Porto, but I guess it works for the pictures. 😅
They™️ are hard at work cutting humans out of the production loop in order to remove the "Salaries" line item from the expences sheet & be able to offer their products to the #market at lower cost.
But... what market?
If They™️ own all production & don't pay anyone for their work, how are people supposed to afford anything, let alone frivolous & idiotic convenience products, a.k.a. 95% of Silicon Valley's output?