Re:How Did Sam Bankman-Fried Get Bail?
by lucumo on Saturday December 24, 2022 @03:50AM
(#34115148)
But then you're back to the original question: is eradicating all poverty even possible?
A tech like AC is not available to everyone all at once. It starts out very expensive and gets cheaper over time. It may end up cheap enough that it can be ubiquitous, but before that point there must be a time that only most people can afford it.
If you then include it in the must-have category before the point of ubiquitousness, you will never get rid of poverty. Whereas if you include it after the point it's a pointless exercise, because everyone that wants one already has it.
Re:How Did Sam Bankman-Fried Get Bail?
by kodah on Saturday December 24, 2022 @11:26AM
(#34118301)
Yes, to some degree we'll always be lifting the bottom line up as the top line rises. That said, we're not doing that now; right now we're still trying to get people fed and supply shelters.
A tech like AC is not available to everyone all at once. It starts out very expensive and gets cheaper over time. It may end up cheap enough that it can be ubiquitous, but before that point there must be a time that only most people can afford it.
If you then include it in the must-have category before the point of ubiquitousness, you will never get rid of poverty. Whereas if you include it after the point it's a pointless exercise, because everyone that wants one already has it.