4 ms·
So much for capitalism then?
by tingletech 6y ago
So much for capitalism then?
- benlivengood 6y agoInefficient markets still work; you just have to regulate the arbitration potential so it doesn't eat too much legitimate profit and regulate scammers to protect information-poor people. Hyper-optimizing just-in-time inventory and production practices and betting on the outcome at nanosecond timescales? Probably harmful. Investing in useful businesses? Probably pretty beneficial.
- rocqua 6y ago> Hyper-optimizing just-in-time inventory and production practices and betting on the outcome at nanosecond timescales? Probably harmful. Certainly, betting on nanosecond timescales seems very unlikely to be very beneficial for society at large.
- deleted 6y ago[deleted]
- anm89 6y agoYup. Go send yourself to the gulag because somebody published a paper.
- UK-Al05 6y agoThey just have better than what humans can plan.
- OscarCunningham 6y agoI suspect other solutions also require P=NP.
- Proven 6y agoNo. Free market capitalism is merely more efficient than any other known approach. From one of earlier responses: > you just have to regulate the arbitration potential so it doesn't eat too much legitimate profit Oh yeah? And why would someone who has the power to regulate do that in a way that doesn't optimize capitalism for the regulators and not some (unachievable!) academic optimum that you propose?