4 ms·
it can but this is "late" capitalism, we are at a point where capital that updated every year was outcompeted by capital that updated every quarter, which was o
by chordalkeyboard 6y ago
it can but this is "late" capitalism, we are at a point where capital that updated every year was outcompeted by capital that updated every quarter, which was outcompeted by capital that updated every month, and so on. Each time this happened there were efficiency gains that required everyone to keep up or go out of business, and the efficiency gains resulted in surpluses that were allocated somewhere in the economy. If we turned back the clock then these businesses would become less efficient and we would have to sink more resources into them to continue the same output.
Iterative optimization resulted in smaller and smaller (and more frequent) corrections.