• piyuv@lemmy.world
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    1 year ago

    “Vote with your wallet” means more money gets you more votes.

    Some users leaving Reddit/instagram/twitter is not a problem, especially considering network effects, but some advertisers leaving is a crisis.

      • piyuv@lemmy.world
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        1 year ago

        So long as the capital markets were willing to continue funding loss-making future monopolists, your neighbors were going to make the choice to shop “the wrong way.” As small, local businesses lost those customers, the costs they had to charge to make up the difference would go up, making it harder and harder for you to afford to shop “the right way.”

        https://pluralistic.net/2024/04/12/give-me-convenience/

        Food for your thought.

      • Porcupine@lemmy.ml
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        1 year ago

        “Vote with your wallet” means more money gets you more votes.

        This is the basic idea of capitalism. The more capital you have, the more say you have in directing the meas of production.

        Some people have so much capital, they can singlehandedly decide that thousands of people are going to work on some space launch company, for example.

    • The users down here trying to teach you what it means while you know it better than them lmao.

      “Vote with your wallet” doesn’t mean “if you don’t like it don’t buy it” but if that you don’t like the new iteration of the product reason you shouldn’t buy it, thus letting the company know it wasn’t good enough and they should do better. This premise is flawed because it sounds like some democratic shit, but the only ones who can vote with their wallet are the whales that actually have % on that sweet company revenue: for the average user there is no vote because to matter it would have to scale with other consumers. Something so far unachievable because for a tiny, “loud” minority there is the clueless majority.