YaAbsolyutnoNikto
YaAbsolyutnoNikto t1_iu3j2hd wrote
Really cool. Does this mean the death of DMs or are they still going to be useful?
In other words, is this new method pareto superior?
YaAbsolyutnoNikto t1_iu35u7g wrote
Reply to comment by Southern-Trip-1102 in The Heavy Price of Longtermism | Longtermists focus on ensuring humanity’s existence into the far future. But not without sacrifices in the present. by thenewrepublic
I believe that all 3 are compatible.
Companies look for profit and that produces a lot of externalities. Some good, some bad.
I believe that the bad ones can be solved by regulation and enforcement.
Stricter regulations level the playing field for the entire industry and prevent atrocities from being made.
I find it funny that neoliberals view regulations as poison when, in fact, companies get benefited by them and some of them actually lobby the government to put in more regulations.
I know, it might seem counterproductive and weird for companies to do this, but let’s imagine a scenario:
Company A uses slave labor and wants to do so. Company B doesn’t want to for ethical reasons or whatever other reason it might be.
Because company A uses slave labor, it can produce stuff at lower prices. This means that company B is forced to either use slave labor as well, or to go bankrupt and exit the market.
By government regulation (in this case abolishing slavery), no company has this advantage and company B can, therefore, still make profits and operate in a more ethical way.
Point is: Companies can’t afford to be eco-friendly, defend human rights, and other basic stuff that is crucial for society. It’s not their role, to be honest. They are profit seeking institutions and they must fight against other companies for market relevance and survival.
The government, however, has the power to align companies’ interests with those of society by regulating the market. This is what industrial economists do for a living. Finding the society welfare maximizing regulations that aim at erasing the negative externalities whilst keeping the positive ones.
YaAbsolyutnoNikto t1_itke5va wrote
Reply to comment by Kraeftluder in The cutting-edge cellular therapies aiming to ease America's organ shortage. Major transplantation surgeries could one day become outpatient procedures. by Sariel007
I agree. My country (Portugal) also uses a system like the one on the UK or France.
YaAbsolyutnoNikto t1_itk1h4m wrote
Reply to comment by towngrizzlytown in The cutting-edge cellular therapies aiming to ease America's organ shortage. Major transplantation surgeries could one day become outpatient procedures. by Sariel007
Yes, every country does it a slightly different way. Which is great because, winning systems (be them political systems, economic systems, etc.) tend to converge over time to the most successful one.
So, in a few decades, we might know if the German system (health insurance) is superior to the French one (government services), or vice versa.
YaAbsolyutnoNikto t1_itg6d51 wrote
Reply to comment by anglesideside1 in Next month, Japanese company iSpace will become the first private company to deliver a lunar lander and commercial payload to the moon's surface. Two more private companies aim to follow them in 2023. Is this the start of a lunar economy? by lughnasadh
No idea. But they’re not the only ones.
As far as I know, spacex and a company in luxembourg are also working on it.
Anyway, why would you want to short it?
YaAbsolyutnoNikto t1_itffcsj wrote
Reply to comment by Frogmarsh in Next month, Japanese company iSpace will become the first private company to deliver a lunar lander and commercial payload to the moon's surface. Two more private companies aim to follow them in 2023. Is this the start of a lunar economy? by lughnasadh
Due to the lower gravitational pull of the moon compared to earth, launching rockets there consumes a lot less energy.
In other words, it is cheaper and easier to have rockets flying around. It also means that rockets can carry more cargo for the same amount of fuel.
So, this all means that mining for resources in asteroids, planets, etc. can be much more easily done.
This is great because we do need resources. Some of them are scarce on earth. Others require us to destroy ecosystems to get them (like diamonds, lithium, etc.).
YaAbsolyutnoNikto t1_iu9zs7l wrote
Reply to comment by MunchingLemon in Megalopolis: how coastal west Africa will shape the coming century. by filosoful
Yes and no. The entire history of china is about unifying and breaking apart.
They have been unified 1 million times already.