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"Efficiently", in this case, means deploying capital where it will accumulate the most profit. Not where it does the most good, or solves the most pressing or i
by jlangenauer 12y ago
"Efficiently", in this case, means deploying capital where it will accumulate the most profit. Not where it does the most good, or solves the most pressing or important problems.
- clairity 12y agoat a game theoretic level of you vs. the competition, that's true. you're trying to maximize profit because profit is used as a proxy for solving the most pressing problems (or desires) of a set of people (i don't believe profit is a perfect proxy, but that's another discussion). but if you want a stable and efficient economic (and political) system, you want capital to continuously flow through the system, not accumulate.