this post was submitted on 13 Oct 2024
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Infinite growth meets finite world.
While I'm still libertarian, those are supposed to be the people capable of using resources efficiently to maintain their market position, right? And the existing legislation's effect on that mechanism is supposed to be negligible, right?
So those supposedly sane at directing resources people are basically burning as much energy as they can get for lossy compression of datasets in random ways trying to reach a gold vein.
I think something went off track here.
"I'm libertarian" followed by an assumption like businesses are "supposed to" do anything except make money and bump their stock prices by any means necessary. Yep, checks out.
Businesses are horribly inefficient due to their short term thinking. Efficiency is a marshmallow test. Doing things right in hopes of making $150 tomorrow will always be tossed out in favout of a garunteed $100 right now, doing it fast and dirty. The idea that businesses are naturally incentivized to do x because of market forces is bullshit if x is anything other than whatever makes the most money right now.
They send our natural resources to the other side of the world so slaves can turn them into goods that they ship right back to us. Efficiency is an expense that businesses are often incentivized to avoid when doing it wrong is cheaper.
If you want businesses to do anything but chase short term profits as ruthlessly as they can get away with, you need regulations.
Nailed it