Billionaires Build

Re:Billionaires Build by ruined on Friday December 04, 2020 @05:54PM (#25309422)

yes, one might make a moral judgement that exploitation is a tendency of capitalism, if one believes that people who control more capital have structural power over those who control less or no capital, thus narrowing the viable subjective preferences in a way that is "bad".

but ltv on its own provides no such judgement, it simply describes the material relationship.

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Re:Billionaires Build by UK-Al05 on Friday December 04, 2020 @06:36PM (#25309781)

LTV on its own shows very little predictive value in the real world. Which is why it isn't used.

Marginal economics explains and models a lot things we see in reality.

I'm much more likely to believe a model that has predictive ability.

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Re:Billionaires Build by confidantlake on Friday December 04, 2020 @09:41PM (#25311176)

I agree with that predictive ability is important but I have seen no evidence that marginal economics has predictive ability. You yourself even say it "explains and models" which is not the same as predicts.

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Re:Billionaires Build by freshhawk on Friday December 04, 2020 @09:09PM (#25310973)

Leaning on the predictive power of "the dismal science" isn't a strong base to argue from.

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