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by nostrademons
2215 days ago
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> The problem imo is on the business side, most businesses don't know how to transform unpredictable progress into profit (even if average on a large timeframe that progress might be HUGE). There's an interesting whole vs. parts observation in there. Societally, we know exactly how to transform unpredictable progress into profits: markets. And they work very well, over the long term. It's just that markets work by trying lots of new random things, most of which will be failures, and then creating an incentive to double down on the winners. Every individual market participant has an incentive not to innovate, because most innovations fail. But some of them do succeed, and the ones that succeed end up replacing the companies that never tried to innovate in the first place. |
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