Nike Can’t Keep Doing This to Us, Can It?
<p>The demise of Blockbuster Video lives in my head rent-free. It’s the perfect parable about America’s brand of capitalism and what happens when people are given a choice that frees them from greed. Sort of.</p>
<p>Blockbuster thrived in the late ’80s and early ’90s because it scaled explosively, <a href="https://www.businessinsider.com/the-rise-and-fall-of-blockbuster-video-streaming-2020-1" rel="noopener ugc nofollow" target="_blank">opening new stores and buying out competitors</a>; in many places, it was the only way people could watch new movies that were just out of theaters. It leveraged its near-monopoly in predatory ways, charging people exorbitant late fees for movie rentals and even damaging people’s credit scores for not being able to pay those fees. We didn’t go to Blockbuster because we liked it—in fact, we hated the damn place. But we didn’t have many options. As soon as an alternative appeared in the form of streaming services, Blockbuster’s extinction loomed. It developed its own streaming service to rival Netflix’s, but it didn’t matter because we had so much built-up disdain for the way Blockbuster treated us. We reveled in its destruction.</p>
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