Lumifer comments on On Walmart, And Who Bears Responsibility For the Poor - LessWrong
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Comments (510)
I agree, with the proviso that I believe the same thing is true for contemporary democracies as well.
That sounds very capitalistic to me. Will there be rich people? Very rich people?
So, let's say I (and a bunch of other people) think the world needs another computer chip fab. They cost a couple of billions to build. Where will the money to build it come from, how will the owners of the capital be compensated, who will own the chip fab?
Or let's say I'm Steve Jobs and want to make an iPhone. Most people call me crazy.
Or let's say everybody really needs toilet paper, but nobody feels sufficiently motivated to start producing it. Eh, let someone else do it, everyone says.
So, no computer chip fabs? That's unfortunate.
I am sorry, the market really REALLY wants computer chips. It's willing to pay for them (I presume you'll have money in your society).
It will also guarantee that this MoP will self-destruct in a very short time. I believe people occasionally try to run a business (or, actually, any complicated activity) by referendums. It's rather comical how that Just. Doesn't. Work.
Not at all. Let's say I produce foozles. A production team of, say, 1,000 people is enough to fully satisfy the demand for foozles. That team is 100% redneck white male and likes it that way. Any problems?