I'm a fan of Joseph Tainter's analysis around organization of societies and issues around collapse being related to diminishing marginal returns. I think there's a lot to that position when you look at the general political party agendas. Technocratic solutions trying to squeeze more blood from the stone while providing less and less to participants (I have less of a theory on effectiveness for any given action, this is more of an observation).
I mean, that's the core of capitalism. That's why we are getting worse and worse products over time.
Once economies of scale hit its limit, the only way to increase profits (which is what capitalism requires) is to decrease quality.
I would say it’s the core of financialism, but I’ve met billionaires and many less wealthy men who manage their capital to optimize for something besides this kind of “efficiency.“
I'm a fan of Joseph Tainter's analysis around organization of societies and issues around collapse being related to diminishing marginal returns. I think there's a lot to that position when you look at the general political party agendas. Technocratic solutions trying to squeeze more blood from the stone while providing less and less to participants (I have less of a theory on effectiveness for any given action, this is more of an observation).
https://risk.princeton.edu/img/Historical_Collapse_Resources...
I mean, that's the core of capitalism. That's why we are getting worse and worse products over time. Once economies of scale hit its limit, the only way to increase profits (which is what capitalism requires) is to decrease quality.
> that's the core of capitalism
I would say it’s the core of financialism, but I’ve met billionaires and many less wealthy men who manage their capital to optimize for something besides this kind of “efficiency.“
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