Re:Timekeeping in Financial Exchanges
by oceanplexian on Sunday October 11, 2020 @03:32PM
(#24748381)
If kids breaking windows is a societal problem, an economic system that has to frequently produce windows would result in stronger windows, making them less attractive for kids to break. A top down solution imposed by police, laws, and imprisonment also makes society poorer, arguably more so.
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> an economic system that has to frequently produce windows would result in stronger windows, making them less attractive for kids to break.
If I just opened a new window factory, I'd absolutely be interested in as many windows breaking as possible, so I can sell more products. It would make a lot more economic sense for me to produce cheap, thin windows: I need less raw material to produce them and they will break more easily, giving me more opportunity to sell replacements.