4 ms·
The costs of doing things the slow way as we do now hugely outweigh the benefits. Yes, buildings fall down less but they're so much more expensive that if you d
by concordDance 4y ago
The costs of doing things the slow way as we do now hugely outweigh the benefits. Yes, buildings fall down less but they're so much more expensive that if you detregulated and put that money in healthcare you'd save an order of magnitude more lives than you lose.
A big factor is the costs of regulation and the fragility of innovation are both hugely underestimated. Every little form or permission slip is massively more costly than it would intuitively seem (though those who work improving BtC sales pipelines probably have a good feel for how much a little thing can deter someone from completing a sale).
- R0b0t1 4y agoThere are plenty of areas with too much red tape.
- V_9 4y ago"Yes, buildings fall down less but they're so much more expensive that if you detregulated and put that money in healthcare you'd save an order of magnitude more lives than you lose." And "Every little form or permission slip is massively more costly than it would intuitively seem" Genuinely interested, do you have any sources for this economic analysis?
- concordDance 4y agoThe former can be mostly done by comparing building costs and fall down rates 100 years ago to now and then plugging in the NICE HALY figures (they will pay for treatment that gives >=1 year per £30k IIRC) to see how many lives you could save. An order of magnitude was probably hugely understating things. The latter is something I've seen a mountain of evidence on (from personal life, corporate life (all they needed to do was click on a link and fill out three fields... but no....) and various stats such as reduced application rates per page of forms and big changes in completion rates with extra fields) but don't have a good reference. :( Beware Trivial Inconveniences is kinda related I guess.
- SideburnsOfDoom 4y ago> if you detregulated and put that money in healthcare The weird thing though is that the people who argue along these lines "if you block X you could fund Y" never ever actually fund Y. Example: https://ifunny.co/picture/stop-immigration-so-we-can-take-care-of-our-own-lkIgAWcI8 https://ifunny.co/picture/stop-immigration-so-we-can-take-ca...