@GabrielDuquette Insurance companies seem to be deadweight loss?
-
-
Replying to @drethelin
@drethelin@GabrielDuquette That assertion seems to be common wisdom, which baffles me because it's manifestly wrong.1 reply 0 retweets 0 likes -
Replying to @drethelin
@drethelin Which is stupid; profit is the signal by which corporations orient themselves. W/o profit, deadweight loss expands without limit.2 replies 0 retweets 0 likes -
Replying to @drethelin
@drethelin Insurance manufactures enormous amounts of wealth from thin air via pooling and thus offsetting global risk.2 replies 0 retweets 0 likes -
Replying to @drethelin
@drethelin Yes, but as I already said, in the absence of profit provision and competition, other deadweight losses expand without limit.2 replies 0 retweets 0 likes
@drethelin That and everything else that emerges in a system that is unable to orient toward its own goals.
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.