Global Feed Post Login
Replying to Avatar miles 🌞

Not really what I was saying; economic growth through technological progress is awesome, but as you mention the expectation of every public company is that it must always grow, beat last quarter’s numbers, etc without any regard to the first rule of economics - that scarcity is real and informs everything else that happens in the world as a result.

No amount of profit is ‘enough’, no amount of production is what’s best for the world, no market share or TAM is ‘sufficient’ - there always has to be more, it just is what it is. Even tho it’s known at some point that at some point this has to end when resources run out.

It’s just interesting as a foundational principle built on top of the opposite axiom in this example.

For the fiat example, it’s more glaring imo because fiat is perhaps one of the only things that actually disproves the other principle in the opposite manner.

Fiat definitionally is not scarce, rather it is infinitely summonable into the world on a whim, which is why the system collapses the second that it stops expanding.

Avatar
signal_and_rage 2y ago

side note: Putting these post in ChatGPT and asking to argue these statements is a fascinating exercise.

Reply to this note

Please Login to reply.

Discussion

Avatar
pam 2y ago

Lol, Miles - Brockm debates are the best ...🍿👀

Thread collapsed