this post was submitted on 29 May 2024
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PayPal. All the authority of a bank. None of the responsibility.
I feel like this could be used to describe any tech company that "innovates" or "disrupts" an area.
Correct... In late stage capitalism "innovation" means breaking some laws (Air B&B, Uber), smoke and mirrors (AI) or outright scams (Theranos)
This is why all these new "innovations" need to flood the market as hard and fast as possible.... Before anyone notices what they really are
Throw enough investor money at lawyers and anything is legal for an amount of time.
"Oh, I'm sowwy, did we bweak the law? Well here's 5,000 boxes of paper that say we didn't, see you in 18 months."
Exactly right