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Tag Archives: Dee Hock

Lessons from Nick Hanaeur and Dee Hock

Neil Wilson posted the following at Bill Mitchell’s today. My point is that, under capitalism, if you can’t pay your costs from your income you go bust – which releases your market space for somebody who is either more productive, or more realistic in their pricing. Cheap labour and a systemic lack of jobs encourages undercutting – the parasite businesses Nick Hanaeur speaks of. “It is appealing to believe that the parasite economy will eventually correct itself. Or that a few high-road...

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