Re:Why not program right?
by perl4ever on Friday July 06, 2018 @06:28PM
(#17475608)
I don't think that's correct. You're describing the marginal solution that the market produces, not the average solution. And because demands are always changing, the market never converges on that optimum you are presenting as a bogeyman. It's not realistic any more than all profits being competed away to zero.
[ Parent
| on HN ]
Yes, I've described the solution in the limit, in the same sense a physicist could write: lim t -> ∞ ... A limit doesn't itself happen in real life, but shows you where a system is going.
As for a proof that this is happening, there are plenty of examples if you look at the highly competitive spaces and consider goods you usually buy, and how they evolved over past decades. Food and tools are two obvious cases that come to mind.