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I think in fact most, if not all entrepreneurship is just knowledge arbitrage. People don’t have the time or skill to acquire the required skills, so they just
by xk_id 3y ago
I think in fact most, if not all entrepreneurship is just knowledge arbitrage. People don’t have the time or skill to acquire the required skills, so they just pay someone else with the expertise to perform the task for them. This realisation in itself reduced my spending considerably, because yes, it does make most business feel exploitative. The food & sex industries are prime examples: if you know how easy it is to cook your own food or find a willing partner, it seems extremely foolish to pay for it. The main thing I’m struggling with now is restricted access to resources (for example medical equipment); this amounts to mandatory “stupidity” that governmental affiliates can exploit.