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Inefficiency safes us from over-optimization. And over-optimization is the biggest problem of our capitalistic society. A lot of time people think only about op
by amai 8y ago
Inefficiency safes us from over-optimization. And over-optimization is the biggest problem of our capitalistic society. A lot of time people think only about optimizing and reducing cost etc. But they fail to recognize that one can over-optimize things as easily as under-optimize them.
So control your greed, don't over-optimize the money you can make from your customers. Otherwise your marvelous growth will break down immediately when the climate just changes a little bit. Think about what happened to https://en.wikipedia.org/wiki/Kodak#Shift_to_digital https://en.wikipedia.org/wiki/Kodak#Shift_to_digital .