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I was talking about this with a friend last night. We (Australia) get annoyed when the Italians dump a bunch of below-cost tomatoes on to the market and slap them with penalties but don't seem to give a damn when Silicon Valley dumps a bunch of below-cost taxis on to that market.



If your tomatos were expensive, dirty, and three-quarters rotten, and the Italians start selling better, cheaper tomatos, are you going to be upset, or rejoice?

Depends on whether you are invested in providing terrible, expensive, mostly rotten tomatos.


Taking the long term view though (and referring back to this article) we would rejoice initially, then realise our folly as the cheap tomatos destroy local industry and alternatives only to inevitably have to put up their prices.




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