3 ms·

It's classic "tragedy of the commons" stuff. Having a "free" input sets up incentives for waste since that resource now exists outside the influence of market f

• Supermancho 3y ago
  Related to Jevons Paradox
  • acover 3y ago
    > Jevons paradox occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use induces increases in demand enough that resource use is increased, rather than reduced. https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox
• WalterBright 3y ago
  > careful regulation Has never worked very well. Government bureaucracies are very bad at pricing and allocating things appropriately. A case study is in the 70's the government decided gas allocations for every gas station. The result was a patchwork of gluts and shortages across the country. Reagan ended all that as his first Executive Order, and overnight the gluts and shortages vanished along with the gas lines.
  • nickpp 3y ago
    Very much rooting for Argentina's Milei to provide a similar lesson in modern times but I am afraid that he has very few allies helping him (besides his own idiosyncrasies) and the current laptop class would simply ignore it as they ignored Venezuela's lesson...