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1) True. 2) True, but maximizing short-term profit for a company doesn't necessarily imply maximizing long-term profit for society as a whole. 3) Ditto. 4) I
by Al-Khwarizmi 2y ago
1) True.
2) True, but maximizing short-term profit for a company doesn't necessarily imply maximizing long-term profit for society as a whole.
3) Ditto.
4) Is just an opinion, it's far from proven that abandoning physical goods manufacturing can work for every country.
- FredPret 2y agoIt doesn’t have to work for every country, but there’s a definite trend of ephemeralization. Every time machinery gets a little more automated, computers get a little faster, or the world gets a little more connected… the value of clear thinking, of knowledge work, goes up; the value of unskilled work goes down. Societies that adapt themselves to this prosper mightily.