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by xg15
26 days ago
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The result of equivalent deregulation would be slums and shantytowns. But hey, cheap rent! I don't think this is s desirable outcome either. Also, from the article: > In other words: you can buy a computer thousands of times more powerful than the best consumer device from 40 years ago, for something like 0.3 percent of the price. No other good in history has experienced a decline in cost on that scale: poor people can now carry around in their pockets computers many orders of magnitude more powerful than what the richest slice of the world’s population could afford a few decades ago. That extreme level of efficiency increase is something very specific to computers and not something translatable to other areas of the economy. |
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