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They're not optimizing for benefit to society, mostly just cost.
by kadoban 4y ago
They're not optimizing for benefit to society, mostly just cost.
- randomdata 4y agoOptimized for maximum profit, really. That does not not necessarily mean optimized for cost. For example, society willing to pay a sufficient premium for grapes that come with a no-burn guarantee would mean that burning, while less costly than alternatives, is less profitable in the aggregate. The market would trend towards avoiding the practice. However, you will find no such agreements because society does recognize the practice as being a problem to society.