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If our enormous economic engines were devoted towards efficiency rather than profit motive, I think we would be there. How many appliances do we build to last
by diputsmonro 4y ago
If our enormous economic engines were devoted towards efficiency rather than profit motive, I think we would be there.
How many appliances do we build to last for a few years and then break? How many economic resources could we save by building fewer products to last longer? If the economic engine were tilted towards quality rather than churn, we could be much more efficient about our use of resources.
- spywaregorilla 4y agoNo, we're nowhere near it. Last mile labor needs are unavoidable at this time and energy and materials are still very much scarce. Durable products would be nice.
- incrudible 4y agoThe profit motive promotes efficiency by driving all prices towards marginal cost, as long as competition exists. Highly durable goods are not per se an efficient use of resources, but we probably disagree on the meaning of that word anyway.