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When Value is defined as "more money", then this will happen. Money often functions as a lack of efficiency and is prone to re-produce itself. For example: if
by hellbanner 11y ago
When Value is defined as "more money", then this will happen.
Money often functions as a lack of efficiency and is prone to re-produce itself.
For example: if cancer was cured with a pill, forever, the total revenue from curing cancer is pill sales price * people born, which would be less than current treatment costs.
Maybe https://en.wikipedia.org/wiki/Gross_National_Happiness https://en.wikipedia.org/wiki/Gross_National_Happiness isn't such a bad idea.
- sanxiyn 11y agoSo pill will disrupt treatment market, like Red Hat disrupted Unix market. Free market encourages such efficiency.
- bluetomcat 11y agoThe problem is that technological disruptions like this pose a threat to the economy as it is organised and run today. In particular, modern economy cannot cope with unemployment. The masses of laid-off people would either have to engage in yet more pointless jobs, or "disrupt" the social order. This is very unlikely to increase efficiency overall.
- laotzu 11y agoWhat's a free market?
- OvidNaso 11y ago"Money is a sign of poverty" --The Culture