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I am all for increased productivity but there are two big issues there even putting aside fallacies about efficency and growth being bad. One is that it promot
by Nasrudith 7y ago
I am all for increased productivity but there are two big issues there even putting aside fallacies about efficency and growth being bad.
One is that it promotes a skewed specialization on the high margin while neglecting the lower margins which may be important and essentially by definition are in high demand if they got big enough for that economy or scale in the first place. It is largely inequitable as it discourages the low end from showing up at all.
Two is that it inherently misvalues resources based upon what it sees as revenue vs not. It echoes the Soviet mistakes in thinking of their workers as serfs with free labor and new tools as expensive because they cost revenue. Said revenue would continue down the chain as one's gains are another's losses that need to rise virally down every logistical step leading to needless repetition to "start from scratch" with vertical intergration.