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Overexpansion of productive capacity (OXPC) by Tragedy of the Commons and irrational exuberance. Gold rush competition sets in motion future contractive collap
by sacnoradhq 3y ago
Overexpansion of productive capacity (OXPC) by Tragedy of the Commons and irrational exuberance.
Gold rush competition sets in motion future contractive collapses.
Be not quite the first in, almost first out, and scuttle inventory before the floor falls out.
- nickff 3y agoIs this comment intended to be a series of barely-relevant cliches? This isn't a 'tragedy of the commons', wasn't a 'gold rush', and none of the competitors were 'first in' or 'first out'.
- eru 3y ago> Overexpansion of productive capacity (OXPC) [...] > Gold rush competition sets in motion future contractive collapses. Are you implying that entrepreneurs are idiots who can't anticipate the future that any goldbug and Internet-Austrian obviously can see?