alt Hacker NewsSometimes I wonder what the tech ecosystem would look like without the ZIRP era.
I look back over 15 years and with the exception of increased smart phone usage, everything else still looks mostly familiar. Maybe a bit more slick, but also slower and buggier despite having much better hardware.
There hasn't been a qualitative leap in software (as was in the 90s). Just larger SaaS companies. Without ZIRP would it have been any different?
That and venture investment has become bane of good.
When a company can run for years, hell, decade+ on the red thanks to investments, that means every competitor now have to compete with company that sells their goods or services below production value. It just kills competition and innovation, which only becomes possible if other company also attracts investors