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This is sadly an inevitable consequence of a market after growth-through-innovation as ended. Competitive pressure and the need to extract profit means every mi
by advisedwang 2y ago
This is sadly an inevitable consequence of a market after growth-through-innovation as ended. Competitive pressure and the need to extract profit means every millimeter of slack in the system is used or eliminated. As this happens, the system becomes more and more fragile.
And when the system has crises, they do not spur some kind of extra capacity or sane response to the crisis. Instead you get consolidation, gouging and further crisis.
This is especially true, and especially hard to remediate, in a highly international market where regulation cannot effectively be imposed.
- jimbokun 2y ago> And when the system has crises, they do not spur some kind of extra capacity or sane response to the crisis. Do you have evidence for this? Or does it just take time for extra capacity come online? Otherwise, is this a new phenomenon? Then what changed? It's certainly not the case that capacity for desired goods never increases. That would be absurd.
- the_snooze 2y agoIt takes time for extra capacity to come online. We saw it quite clearly when the Ukraine war started: western allies want to help Ukraine, and Ukraine desperately needs artillery shells, but the facilities to build those were scaled back to produce at peacetime rates (i.e., not much) in the name of efficiency and cost-cutting. Rebuilding and restaffing new factories isn't something that happens overnight, because those rely on a broader supply chain for component parts and personnel. https://apnews.com/article/us-army-ukraine-russia-ammunition-war-75a9ca2e3be09578c65f1198ba5b72e5 https://apnews.com/article/us-army-ukraine-russia-ammunition...
- jrs235 2y agoEfficiency reduces resiliency.
- bee_rider 2y agoRedundancy: engineers love it, managers hates it
- LeChuck 2y agoThere's an enormous amount of additional capacity coming online. What makes you think there isn't?