4 ms·
That feels like it’s missing the forest for the trees. The article is specifically about how cheap money let these business deprioritize a functional business m
by distortionfield 3y ago
That feels like it’s missing the forest for the trees. The article is specifically about how cheap money let these business deprioritize a functional business model for the sake of growth, which is exactly what we’ve seen happening across all of tech and other sectors.
If it’s too expensive, then explain why the Netherlands has had such huge success with CEA.
- hef19898 3y agoCompare agriculture in the Netherlands, including the people running it, with the average vertical farm and the people running those, and the answer is obvious.
- Jeff_Brown 3y agoThe cheap money problem is, at root, that investors were pouring money into projects with bad unit costs. Had they understood that the product can't* be sold at a profit, they would not have done that. * in the current business environment, where it competes with farmers who have lots of nice land and free sunshine. Maybe in some future hellscape, food towers will be our most economic option. Or indeed in a future paradise where the externality provided by wilderness is priced appropriately, such that people have an incentive not to waste precious land and biodiversity for the sake of corn and beef.