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by wordpad
55 days ago
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>Capitalists claim that this is optimal. It's more optimal than planned economies until we have AI planned economies with realtime feedback, I guess. Consumers get cheap goods during oversupply and most inefficient companies get elliminated during bust while consolidation leads to economies of scale. |
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There is an alternative where legislation dampens this behavior but the short term profits will be lower. Hence the hawks don’t like it.