Economists would call this leveraged economic growth and not consider it a bad thing.
Economists would call this leveraged economic growth and not consider it a bad thing.
That’s a pretty important caveat. I would take it one step further to say that it only matters in non-communist governments. Yes, maybe China can pull it off. But even losing a large chunk of 40% of the economy will be pretty bad and they’d have to switch to something pretty close to fully communist pretty quick to pick up the slack.
I don’t think you necessarily need GDP growth to have a healthy small amount of inflation. Inflation has more to do with monetary supply than GDP growth.
The problem with deflation is that people end up hoarding all their cash because you get a return on it without doing anything with it.
So large swathes of money start getting taken off the playing field. Investment dries up, growth slows, people get laid off, and this cycle continues, one thing causing the next, causing the next in a circle. It’s one of the most destructive forces possible to an economy.
That’s why the central banks strive for around 2%. It’s enough to force people with cash lying around to invest it in something useful which will create jobs, etc, but not so high that it will make everyone panic and run the banks.
I’m with you man, I’m all in favor of the idea. It’s just that I’m pretty sure that Nintendo looked at that market and decided that the risk to their core business was too great to take the plunge.
If anything, I think they’d just release their first party titles on other platforms before releasing a first party emulator (though I’d welcome either).
I don’t think I’d buy a Switch either if I could get the games easily and reliably elsewhere, like on the steamdeck.
You are clearly not in this target market, and that’s okay. You will be able to emulate most of this on your handheld of choice anyway.
The whole point of consoles is to have an easy to use out of the box experience. As soon as 3rd party hardware gets involved, that goes out the window. Look at the epic failure of steam boxes. Rumors are that the next iteration will be first party hardware for exactly this reason.
When we talk about FOSS, we talk about Free, Open Source Software. Plex is free but not open source, and it’s free price is not enshrined in it’s license as with other FOSS software, which means that there could be a rug pull at any time. But I think that’s unlikely due to its business model.
Jellyfin is FOSS software meaning it will stay free and open source due to its license.