• kibiz0r@midwest.social
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    6 days ago

    That’s basically the whole economy.

    Cory Doctorow:

    If you take the Big Tech stocks out of the S&P 500, you’ve got a stock market that has been in decline for a decade. And when you decompose their balance sheets and you see where they get all their money, it’s from price gouging on repairs, service, parts, consumables, software.

    You know, if you’re angry at Elon Musk, don’t just get performatively offended about his Nazi salutes. Make it legal for mechanics all over the world to jailbreak Teslas, so that every subscription feature in that Tesla that generates the recurring revenue source that creates Tesla’s ridiculous earnings-to-valuation ratio — all of those car owners can just for one price get all that service unlocked. Elon Musk never gets another dime from them. That really hits him where it hurts. He loves the attention that he gets from the Nazi salute. He’s going to be a lot less happy if he can’t get, you know, a couple hundred bucks every month from every Tesla owner for access to the full battery or the acceleration curve or any of the other things that he sells as a subscription in his cars.