“Vote with your wallet” means more money gets you more votes.
Some users leaving Reddit/instagram/twitter is not a problem, especially considering network effects, but some advertisers leaving is a crisis.
I think you misinterpreted the phrase. “Vote with your wallet” means that if you’re unhappy with a product/service, you stop using/paying for it.
So long as the capital markets were willing to continue funding loss-making future monopolists, your neighbors were going to make the choice to shop “the wrong way.” As small, local businesses lost those customers, the costs they had to charge to make up the difference would go up, making it harder and harder for you to afford to shop “the right way.”
https://pluralistic.net/2024/04/12/give-me-convenience/
Food for your thought.
Again, I think you are misinterpreting the phrase. The quote you provided proves it. If you’re not happy about the “right way” of buying things you can buy elsewhere, aka “vote with a wallet”. The phrase means that you pay for a product/service you are comfortable with. For example, if Amazon offers a great deal on something you’d like like to buy and the price is, let’s say, 30% lower than a regular retail price, voting with a wallet would mean that you ignore the Amazon’s deal and buy directly from a merchant.
“Vote with your wallet” means more money gets you more votes.
This is the basic idea of capitalism. The more capital you have, the more say you have in directing the meas of production.
Some people have so much capital, they can singlehandedly decide that thousands of people are going to work on some space launch company, for example.
The users down here trying to teach you what it means while you know it better than them lmao.
“Vote with your wallet” doesn’t mean “if you don’t like it don’t buy it” but if that you don’t like the new iteration of the product reason you shouldn’t buy it, thus letting the company know it wasn’t good enough and they should do better. This premise is flawed because it sounds like some democratic shit, but the only ones who can vote with their wallet are the whales that actually have % on that sweet company revenue: for the average user there is no vote because to matter it would have to scale with other consumers. Something so far unachievable because for a tiny, “loud” minority there is the clueless majority.
Capitalism
Did OP ask an LLM for the “most Lemmy question to ask”?
I once read that there are some states in the U.S. where firefighters don’t put out fires in houses that don’t pay a monthly subscription.
I live in an area with a subscription fire service.
It’s not expensive - around $200/year. And if you don’t have a subscription they still come and put out your fire or cut you out of the car or whatever needs to be done. You just get a bill for $3000/hr/apparatus that responds.
But I still find it abhorrent. Just put it in my fucking taxes and be done with it. Jesus.
I live in an area with a subscription fire service.
I thought the earlier guy was doing a joke. I knew that those were a thing in the 1800’s or something, but even today?
You just get a bill for $3000/hr/apparatus that responds.
That’s pretty insane. So basically the firemen and ambulances are too expensive for the average citizen to use, and if you happen to be black, you probably don’t want to call the cops either.
Great services.
Not sure about the modern equivalents to this, but in Rome (please correct if wrong) it used to be like that. Firefighters would only put out fires of houses that paid them and otherwise just stood there, watching.
At least that’s what I read in one of those “did you know this about the ancient cultures?” articles and those aren’t always reliable either.
Owning more than one home
Actually owning two or three homes is okay-ish. The problem is when you own tens and rent them all
You can own “beach” and mountain houses for vacation, it doesn’t necessarily mean you are disgustingly rich. The problem with people owning multiple houses is that they reduce the possibility for other people to buy or own a house, and most of the time they are rented and the landlords don’t have a few houses to rent but tens
