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Scale Ruins Everything

(coldwaters.substack.com)
175 points drc500free | 1 comments | | HN request time: 0.202s | source
1. kayo_20211030 ◴[] No.41841537[source]
Any advance, early industrial revolution; late nineteenth century industrialization; twentieth century vertical integration; globalization; internet disintermediation etc. will cause some dislocation. Often unintended, and rarely foreseen. Ultimately it all settles down to a new equilibrium, until the next perturbation. It's a bit disingenuous blaming VC's, or scale, or anything exogenous. The system's capacity for change will always outstrip the current institutions' abilities to fully buffer the change. If we focused on improving the institutions responsible for that function we'd be performing a more useful function than trying to limit the change.