4rffs

8 ms·

1. 1.▲
   by 4rffs 19d ago

   Demand doesnt allocate resources... price and expected economic profit does. Thats literally how the whole economic system functions.
2. 2.▲
   by 4rffs 19d ago

   Yes its decentralised still. And the idea is that competition is the force that keep things in check - with shareholders interests taken care of with the focus of manager's being to optimise for whatever makes the owners better off. At
3. 3.▲
   by 4rffs 19d ago

   "Then Lenin concluded that if you will always have concentration of power and some folks doing centralized planning, it might well be the state." This is exactly where things are heading. Theres no need for firms anymore at the ex
4. 4.▲
   by 4rffs 19d ago

   Dude we aren't performing some nonsensical calculation in our brains. Mathematics is an invention of humans.
5. 5.▲
   by 4rffs 19d ago

   I genuinely think there's a lot of deluded people on here. Which shouldnt be a surprise - most CS folks are disconnected ironically from reality.