It can't happen in the modern economy which is based on consumption.
I don't accept that comparison, it's apples to oranges.
This is indeed competitive capitalism at its finest. Two teams working to achieve the same goal independently, without the benefit of each other's wisdom. Obviously sub-optimal.
Interesting lecture about this subject: https://www.youtube.com/watch?v=jIFK0NhMVws
I'm the Anon Coward in the grandparent post. "I'm Libertarian at heart, but I don't see how capitalism is going to solve this problem." I don't think it will, that's what I'm saying. Capitalism is incompatible with the abundance and efficiency that high technology can bring. "I'm too optimistic in my hope that idle people would do good with their spare time." I don't think so. "Without any structure, I bet a huge portion of our population checks out, going to a perpetual drug induced stupor." Based on what?
Or, more likely, by a robot.
Only if you keep your eyes closed which makes the engineering a bit more difficult.
Bloody misandry if you ask me.
Yes but so is everyone else so it evens out.
Africa's that place where all the poor people live, right?
Can you imagine what would happen to the economy if people didn't buy new shit all the time? At least the bank accounts will be huge when we're all knifing each other over the last glass of water on Earth.
I think most of us on this website are on the winning side regardless.
You'd lose that bet. https://www.youtube.com/watch?v=igYL5w0ZVc8
Many of me? How many of me are there?
"Why are medallions even sold as an asset, instead of leased from the city government? It just creates a vehicle for private rent-seeking and speculation." Question asked, question answered.