New to me as well. It’s not surprising me at all though. It’s ironic that peak capitalists seemingly spend all their efforts trying to circumventing the only things that make free markets actually efficient: eliminating competition and consumer choice, confusing and exhausting participants (this psychological warfare), reducing the ability to compare prices (anti-scraping, dynamic pricing, soft-paywalls).

I’m convinced that if you pitch building better products than the competition as a sustainable business plan to VCs today, they would laugh you out of the room.