AI Lays Bare the Authoritarianism of Modern Work. Time to Rethink Education
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Re: AI Lays Bare the Authoritarianism of Modern Work. Time to Rethink Education
#2Also, each workplace is a miniature planned economy with all of its advantages and drawbacks.
The main strength of free market system is that companies can die without completely destroying people and resources they controlled. Which wasn't the case for state-wide totalitarian planned economies.
When you try to protect companies from dying you are losing the main strength of the free market.
Re: AI Lays Bare the Authoritarianism of Modern Work. Time to Rethink Education
#3Also, each workplace is a miniature planned economy with all of its advantages and drawbacks. The main strength of free market system is that companies can die without completely destroying people and resources they controlled. Which wasn't the case for state-wide totalitarian planned economies. When you try to protect companies from dying you are losing the main strength of the free market.
In what way does the death of a company “destroy” people in planned economies and how does that differ from the free market?
Re: AI Lays Bare the Authoritarianism of Modern Work. Time to Rethink Education
#4Also, each workplace is a miniature planned economy with all of its advantages and drawbacks. The main strength of free market system is that companies can die without completely destroying people and resources they controlled. Which wasn't the case for state-wide totalitarian planned economies. When you try to protect companies from dying you are losing the main strength of the free market.
In what way does the death of a company “destroy” people in planned economies and how does that differ from the free market?
What I meant is, when statewide planned economy dies society gets impoverished, infrastructure and resources are destroyed on massive scale, some people die because of poverty and crime spike, many migrate to other countries with all inefficiencies associated with that. And you can't really improve planned economy when it gets inefficient.
When a company dies almost nothing bad happens, infrastructure, employees and resources are mostly transferred to companies that have better ideas how to utilize them. It's easy to improve company wide planned economy by killing it and creating another one with better ideas at almost zero material loss.
The problem occurs if you artificially protect companies from death, from competition, then they grow to large sizes so their death becomes materially impactful diminishing of the main benefit of having companies.