Hacker News new | ask | show | jobs
by EliRivers 5108 days ago
"I expect an objection that assumes for-profit businesses don't act rationally to maximize profit, I won't pursue that."

Why not? Sounds like a valid objection that undermines your entire argument.

1 comments

It would be, if it was provably or probably true. I don't think it is. But I wasn't (and I'm not) going to spend an hour arguing the point.

Further reading:

http://en.wikipedia.org/wiki/Falsifiability

http://en.wikipedia.org/wiki/Creative_destruction

http://en.wikipedia.org/wiki/Economic_calculation_problem

http://en.wikipedia.org/wiki/Spontaneous_order

Well I do think it is, and I've provided as much argument as you, so I suppose we'll just have to accept that we'll never know.