Comment by carlosjobim
9 days ago
New markets are created all the time, as new products and services become viable. So one-to-two-person businesses don't necessarily compete with larger businesses for the same customers. And that's why both can have rising revenue.
None of that matters, if the populace lacks the purchasing power to sustain these “new markets”. It also assumes, that incumbents won’t enter the new markets, and acquire/squeeze/kill the new players.
A new market is made when a product or service which previously was too expensive becomes affordable to more people due to innovation. There's thousands of example, many of them in your own life.
But you are decided. Being negative is what you have chosen and there's plenty of people who will back you up because they are also afraid.
Could you give any examples of how these new markets have positively changed my life as a consumer? Did any of the stuff I buy become cheaper or better, or get replaced with something else entirely (that is cheaper or better)?
Where is the horse buggy -> automobile transition of this AI age? Where is the industrialization that made clothes 10x cheaper to make? Show me examples.
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Where are these new markets, and how much of my spend as a consumer is going towards them?
This isn't the invention of the internal combustion engine, or the textile loom, or the internet. The way people are doing work has changed a bit, but from the consumer end, all I see is shit like 'your health insurance will be 30% more expensive next year' and $11 for a gallon of milk and another rent increase and when I ask Google a question the results are sometimes a bit better and sometimes a bit worse.