If they existed to feed people, not to maximize profits, there’d be no issue. But like so much else that has emerged in the last 15 years, they came to be because money was free and the people with it were taking bets on “disrupting” technologies. Now that money has a cost again, investors are unwilling to wait on the tech to mature, or on the existing markets to crumble.
If they existed to feed people, not to maximize profits, there’d be no issue. But like so much else that has emerged in the last 15 years, they came to be because money was free and the people with it were taking bets on “disrupting” technologies. Now that money has a cost again, investors are unwilling to wait on the tech to mature, or on the existing markets to crumble.