I think most of the cost is because of the personal and inventory risk that everyone involved carries. With 100x markup, seizures at borders aren’t as big a deal.
And there are lots of people involved, each one adds markup.
Wanted to call out that this would probably require most of us to never have existed. Specialization is more efficient at the macro level; this efficiency is why there are 7b humans instead of many fewer.
How many LBOs happen each year in the US? I would guess somewhere around a hundred. So dozens of success stories per year might be really good, compared to similarly distressed companies that did not get the LBO.
Let’s hold off on the idea that the California government is going to fade into nothing. From the linked article:
“However, the report concludes that the projected deficit as a percent of general fund spending “is modestly smaller than the budget deficits faced by the state in 2003 and in 2009,”
Also, I suspect there are a lot of Californians right now who trust their state leadership a more than federal leadership. (I am one of those people.)
How do you define “worked”, though? Was each advertising dollar the most effective way for that company to spend that dollar? Or was it just ROI positive?
Most people consider the latter, because it’s hard to accept that the spend needs to compete with every other way of spending that money, not with other ad media.
I suspect more SQL is written to support analytics than online systems. Locking and concurrency are used in a specific type of application, namely oltp.
I learned how much when I joined a big tech company. The devs don’t write sql unless processing logs in the warehouse. But everyone from PM to support to data science and marketing all write sql.