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Capitalism is the relentless pursuit of efficiency. It will work out.
by ITB 1y ago
Capitalism is the relentless pursuit of efficiency. It will work out.
- nullorempty 1y agoMore a pursuit of short term profit I'd think.
- vajrabum 1y agoAmerican capitalism in the 2020s is no such thing. It's goosing this quarters numbers so the management can get their incentive bonuses and stock and buying buying business advantage from the legislature. It's all in Adam Smith and economic history.
- slater 1y agoEfficiency so high, they've convinced us to help them pull up the ladder!
- lucianbr 1y agoThat's why there's no such thing as regulatory capture or monopolies or rent-seeking, right? They just don't happen in capitalism, because they are inefficient.
- Mawr 1y agoThe best way to increase efficiency is to externalize costs. E.g. by polluting the environment with your coal plant. The taxpayer takes on the burden of the cleanup and the company gets pure profit. So efficient. Capitalism is beautiful.
- drewbeck 1y agoYou’ve mistaken a sometimes-emergent property of the system with the fundamental rules of the system itself.