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> Capitalism doesn't optimize for producing the most supply, it optimizes for increasing the value of your assets. And if the best way to do so is by artificial
by randmeerkat 6y ago
> Capitalism doesn't optimize for producing the most supply, it optimizes for increasing the value of your assets. And if the best way to do so is by artificially limiting the supply, that's exactly what's gonna happen.
This is very well said.
Here’s an article specifically talking about how fashion brands destroy their own products to drive up prices: https://www.vox.com/the-goods/2018/9/17/17852294/fashion-brands-burning-merchandise-burberry-nike-h-and-m https://www.vox.com/the-goods/2018/9/17/17852294/fashion-bra...
This is the kind of stuff that makes me think society is in late stage capitalism.