this post was submitted on 27 Aug 2023
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Technology
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We're going to see more of this shit as wealth inequality continues to balloon. The old logic that money was made selling the most products to the most people is eroding, money is now either made extracting rent from normal people or selling prohibitively expensive status symbols to an elite class with so much money they can piss it away endlessly.
It's why the richest man in the world went from the man who sold the most things, to the man who sold the most prestigious cars, to the man who sells handbags.