luk_hol

4 ms·

1. 1.▲
   by luk_hol 7y ago

   If distributed works I am all for distributed. But distributed does not always work nor is it always a superior option. Imagine we figure out cold fusion. That will probably always be "centralized", but it could be vastly superior
2. 2.▲
   by luk_hol 7y ago

   "This is only true insofar as the market is inefficient." I think you are right. Unions are by definition all about a (a kind of external) negotiating power. Such things have no place in ideal and fully efficient free markets wher
3. 3.▲
   by luk_hol 7y ago

   That's interesting. But do you have some data to back up your claim or is this just your guess? Because there are two effects at play here: on one hand a kind of a survivorship bias that you mention and on the other hand a positive eff
4. 4.▲
   by luk_hol 7y ago

   I cannot fully agree on this. What is your definition of "shortage"? From a supply/demand perspective, there is no such thing as a shortage. At least not without further qualifications. Prices adjust so that the demand meets