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I'm sorry to put it so crudely, but this doesn't make any sense. It does not cost more in 'communication' to convey a better idea. Moreover, communications co
by jollybean 5y ago
I'm sorry to put it so crudely, but this doesn't make any sense.
It does not cost more in 'communication' to convey a better idea.
Moreover, communications cost is marginal, so even in an very theoretical scenario in which 'more economic activity requires more communication' - it's not applicable.
"And if you're talking real economy, then we're talking actual real resources which are even more finite and scarce "
Again this is completely false.
Education, Entertainment, Legal Services, Financial Services, R&D - i.e. 'Services' are the 'Real Economy'.
The 'Value Add' provided by applied intelligence is considerably greater than the raw, natural resources economy.