Micro-essays by Philip Dhingra

On Excess Tech Spending

We are in a golden age of consumerism thanks to all this spending by tech companies, most of which represents a vain attempt to achieve monopoly. For example, Netflix is spending billions to win the original programming race with HBO and Amazon Prime, and while the company may or may not go broke doing so, the consumer benefits from getting all this art on the cheap. If 90% of what we consume comes from companies that eventually won't reach that monopoly state, then in a way society gets a 90% discount on everything.