e.g. Scrappy startup founders: We're going to send an actual, on-dead-tree letter to customers offering to get on a call with them! Banking industry: Alright children, hold my beer. *sends a billion of that letter*
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The best part of capitalism isn't the parallelism, it's the harnessing of the exponential function to allocate scarce resources. The worst part about capitalism is that this cuts both ways when there are negative externalities like climate change.
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So, question: when you say the word “capitalism” here, what are the characteristics of capitalism specifically that you’re imagining at play here? As opposed to, say, the government of Japan, which I take from your tweets is also great at scaling stuff that doesn’t scale?
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well put! never quite put that together, thanks for the pithy insight
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In my opinion, what capitalism does best is removing artificial forces, so that the natural ones can act since the beginning, applying stressors to the antifragile entities humans and companies are, thus making them grow in a non-fragile way.
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