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> Like you say, discoveries become more expensive over time, but we’re seeing similar institutional decay in non research institutions as well, Sure, but they
by Ygg2 2y ago
> Like you say, discoveries become more expensive over time, but we’re seeing similar institutional decay in non research institutions as well,
Sure, but they also might be the issue of ending on the Saturation curve. For example, chip manufacture is getting more and more expensive because it's getting up to the limit of an atom. That's caused by physics and not economics. What is caused by economics is the expectation of exponential growth.
- dartos 2y agoRight, but I don’t think the institutional decay is caused by things needing more money to produce or research. It’s caused by the need (desire?) to either maintain or grow the same rate of production or discovery over time. The disconnect between possible reality and economic expectation is the cause of institutional decay. Maybe a better term is “institutional dementia” Institutions are just groups of people, after all.