2 ms·
That seems great and all until you consider the inefficiencies of that sort of model. Say there is latent demand for x and the market doesn't make x. That doesn
by asdff 3y ago
That seems great and all until you consider the inefficiencies of that sort of model. Say there is latent demand for x and the market doesn't make x. That doesn't mean x is made. That probably means everything from A-Z is made and tried to make stick, some x is seen to be in demand, then you get demand+alpha companies making a crack of making some x for some time until the alpha portion of that equation drops out for lack of sales. All of this seems great until you start respecting peoples time and money.
For example, all the people slaving to make (a:z)-x, that was all wasted labor and investment. So were all the x making companies overproducing for demand, that was all waste too, representing money and labor that could have been better spent at some other unmet need of people, if resources (labor and material) were better planned.
Then there is the more sinister idea of profitability and a timeline on returns that perverts this further, preventing good ideas from seeing the light of day because they can't ensure a healthy enough return in a short enough time. Good ideas like the bow and arrow or the wheel might have been stopped short in their development if their producers couldn't ensure a healthy enough margin for their shareholders, if we had free market capitalism in the neolithic age.