Hacker News new | ask | show | jobs
by ndsipa_pomu 1437 days ago
Modern capitalism does have a built-in short-term view though. Companies can try planning ahead for decades of use, but if someone comes in and designs for a shorter term, they'll be a lower bidder and thus more likely to get the job. By the time that the short-comings are discovered, the lower bidder is long gone. The stock market also provides an incentive to just aim for short term gains at the expense of the long term.

Socialism can prioritise quick fixes or long term solutions, but it depends on the wisdom of the people involved as to whether they'll build in enough capacity to allow for future climate changes.

1 comments

Like most people making that commentary about "short-termism", you'd rather buy cheap clothes made in China than pay double for something local that lasts 5 times longer.
You have nothing on which to base that observation and as such, you're not even wrong as your comment is meaningless