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Yes, it is absolutely a problem along the same lines as the Prisoner's dilemma: https://en.wikipedia.org/wiki/Prisoner%27s_dilemma https://en.wikipedia.org/wik
by TimJYoung 9y ago
Yes, it is absolutely a problem along the same lines as the Prisoner's dilemma:
https://en.wikipedia.org/wiki/Prisoner%27s_dilemma https://en.wikipedia.org/wiki/Prisoner%27s_dilemma
And yes, I agree, we're going to need a countervailing market mechanism to stop it from proceeding to its logical conclusion: a persistent, severe recession. Whatever the mechanism, it's going to need to be dynamic and adaptable, or it's "dead on arrival" as a solution.