@upmultimedia@mastodon.gamedev.place
2026-04-07 12:14 UTC
My personal theory why "stagflation" is so stubborn the last few years is we had 40 years of software lowering prices through increased productivity and lowering costs but from about 2020ish software has now swung round to maximising what it can extract from people.
In a low friction economic system where algorithms have perfect oversight they will always raise prices the maximum they can until they detect the pain threshhold has been reached.
I have no facts to back this up.
Replies (1)
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@yora@mastodon.gamedev.place 2026-04-07 12:26
@upmultimedia@mastodon.gamedev.place I think technology as a whole has reached a new level. Most of the advances made possible by the industrial revolution have been developed and gone to the market. Unfortunately, capitalism is an economic system based on manufacturing better products for lower prices. When technology stops advancing at breakneck speed, capitalism doesn't know what to do. So it just keeps peddling the same bullshit spinning in circles to keep the money extraction stream going for a while longer.