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markan comments on A Challenge for LessWrong - Less Wrong
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Still, there are probably useful things to be made and done which have little or no fashion component.
For example, there don't seem to be any child and pet-proof roach traps on the market.
How plausible is it to believe that the businesses which feed into counterproductive activities are likely to be much more profitable?
If we go with the very pretty Austrian theory that profits tend to be equal across all parts of the economy (unusually high profits draw capital in, unusually low profits drive it out), then the conspicuous profits in fashion-driven industry are counterbalanced by lower odds of making those profits.
I don't know how good the empirical evidence for the Austrian theory is.