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Comment by nicoburns

I think you've just illustrated the problem with laissez faire economics. It rewards only efficiency (and short term efficiency at that - resilience is often not accounted for), even if that's not what people might choose (they can choose otherwise, but not for long becauss those other modalities will be outcompeted out of existence).

We could have a way out of this if we restructured our economy so that decision making power didn't solely rest with owners of capital, and taxed companies ina more strongly progessive manner to prevent winner-takes-all situations. That would enable companies to make decisions that were not solely for financial reasons and allow for more diversity in business models and practices.

parent nicoburns 5 years ago

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