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>Capitalists claim that this is optimal. It's more optimal than planned economies until we have AI planned economies with realtime feedback, I guess. Consumer
by wordpad 6mo ago
>Capitalists claim that this is optimal.
It's more optimal than planned economies until we have AI planned economies with realtime feedback, I guess.
Consumers get cheap goods during oversupply and most inefficient companies get elliminated during bust while consolidation leads to economies of scale.
- whatever1 6mo agoNo this is literally a sign of an unstable system with too high of a gain K. There is an alternative where legislation dampens this behavior but the short term profits will be lower. Hence the hawks don’t like it.
- Panzer04 6mo agoThis is a wild take.
- BenFranklin100 6mo agoSophomoric take more precisely.
- wordpad 6mo ago>legislation dampens this behavior Potentially. Well meaning and thought out legislation still distorts the markets, possibly making things objectively worse.
- AngryData 6mo agoWhy is the opposite of capitalist markets automatically assumed to be a command economy? Co-op style businesses aren't really capitalist orientated but are also not reliant on government action.