[steve_gh]

The problem with big tech is that it is actively sucking resources and capital out of the world.

For example, if I use Uber, a significant fraction of the fare (let's say 25%) is taken by Uber. That takes it out of the local economy. And because Uber has good tax lawyers, they pay minimal taxes in my country, so it leaves my country's economy completely.

With an old style taxi firm, the boss took a cut - but then he spent most of it in local shops, or his wife bought clothes at a local boutique and a nice haircut - keeping money going round the local economy.

Now, every time you use a cloud service, you take money out of a local economy.And people wonder why we have huge social and economic problems.

[spwa4]

Yes, it used to be common wisdom that you cannot have markets being run by private companies, that if such a situation develops it needs to be nationalized immediately. However, the last thing that happened to was the electricity grid.

[nephihaha]

It is happening again with a few rail networks. We'll see.

[AnimalMuppet]

Let's say, for argument's sake, that Uber takes 25% of the fare. But let's say that the alternative is old-style taxi companies, and they were protected from competition by the medallion system. They were not exactly lean-and-mean companies. What percent did they lose by inefficiency? Less than 25%, or more? And is losing it to inefficiency better than losing it to Uber, or worse?

Note well: I do not have answers for these questions. But I think the questions are interesting.

[piva00]

Define inefficiency, I'd much rather pay for local inefficiency which is still money changing hands in my local economy rather than paying a bit less for my money to be siphoned out of my local economy with increased efficiency.

Losing to Uber means my money is not being used in my economy, it goes away, it pays a few devs/local staff while it's stashed away in other financialised assets that do not help my neighbours (well, perhaps it helps the richest ones).

[JohnTHaller]

Uber is generally more expensive than yellow cabs in NYC these days.

[tpm]

So it's the same as big oil (for oil-poor countries).

[nephihaha]

It's certainly the case with energy. Many people can barely afford their electricity expenses and yet big tech wants to build data centres which will gobble up energy like no one's business. In fact it runs completely counter to the environmental rhetoric.

[Muromec]

Electricity is like 30 euros per month. What are you even talking about?