Think Freely Media presents Common Sense with Paul Jacob

The Times published a wispy report on how Samsung has announced not that they are about to release a “smart watch” — a watch with computer functions — but only that they are working on one. Presumably, Samsung hopes to preclude the notion that the company is simply copying Apple, which is rumored to be developing a smart watch.

One reader — call him Mr. X — claims to be “saddened” by this evidence of market rivalry. He feels it’s “sad to witness” both Samsung’s alleged copying of Apple (or of other companies already making smart watches) and Apple’s forthcoming attempt to “force” smart watches on us.

Perhaps unbeknownst to himself, X’s lament implies that the whole market process is a continuous tragedy, only occasionally interrupted when sweeping novelty comes along.

Not so.

How often is a major new product category invented, after all? Farmers sell wheat—must they offer a new strain of wheat for their efforts to be valuable? What about napkin manufacturers? Car makers? Computer makers? Should we shed tears when anybody competes with anybody else in the same decades-old or centuries-old product category?

Inventions are great. But not everything on the shelf must be a brand-new kind of product to be well made and worth getting. Incremental improvements matter too. If companies took X’s complaint seriously, their ability to provide goods and services would be thwarted.

What we want from the “competition” is usually not “the new” but the slightly better, or the substantially less expensive.

Capitalism owes its essence to copycats as well as innovators.

This is Common Sense. I’m Paul Jacob.

By: Redactor

1 Comment

  1. IHeartDagney says:

    Yes, this is a funny phenomenon of the left. I keep, irritatingly, hearing a radio commercial that talks about how obsolete Edison’s light bulb is since it was invented in 1879 and how wonderful the CFR’s are even though they give off UGLY flourescent light and have mercury in them. If broken you are required to call a government bureaucrat to come clean it up. I don’t know what you are supposed to do while you wait for them. No, I will continue to use the original invention, just because I like quality and, in this case, it’s a tradition I am not willing to give up! FROM MY COLD DEAD HANDS!!!! 🙂

Leave a Reply

Your email address will not be published. Required fields are marked *

© 2018 Common Sense with Paul Jacob, All Rights Reserved. Back to top