politics

Classic case for capitalism is that it'll usually win in the shortest terms.

For example. you privatize education, so less tax burden on citizens. Of course by turning your education into a profit-machine, you're changing the objective function of your system. Over time, your system will optimize for profit instead of the optimizing for better education.

Same applies to reducing protections for health, food, family programs, etc.

What I'm saying is, starting from the same point, invisible hand cannot compete with planned systems on longer periods.

https://chainleft.art

Dad, data scientist, blockchain native artist.

Power consolidation=evil.

Profit comes only if you provide something that people want. That’s why capitalism is beautiful. So the capitalist schools would, in “optimising for profit”, actually optimise in providing a good education (which I assume is what most people want), thereby making them profitable. Otherwise they’d go bankrupt and seize to exist.

so beatiful.. only rich people could study.. what a beautiful world..

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Block Builder. 
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Degen. 
Ethereum dev. 
Farcaster Framer.

diamondlabs

where did you summon that statement from? 

how is that your interpretation of what it says? 

😂