You are imparting rationality on a system known for not acting rationally. Capitalists both act against their own interests and against the larger communities interests quite frequently. Economists sometimes describe it is “economic externalities” and recognised long ago that modelling players as rational actors was flawed. Why would companies risk their own futures by funding climate denialism?
One of capitalisms greatest weaknesses is it greatly rewards short terms gains at the cost of long term profits or failure. Even if you trash a company you walk away wealthy.
What you’re describing is it pursuit of short-term profits. This pursuit is often categorized as an actual mental disorder.
What this article is describing and what the people in this comment section are describing is a complete replacement of employees by AI. Which just isn’t a thing that’s going to take place.
I’d say the pursuit of short term gains is an inherent pattern in the human brain. If you look at it from a survival mode it makes more sense for a hunter-gather to eat everything he finds in a spot because if he doesn’t it could be gone tomorrow and he’d starve even if it means he’s wiping out this food plant in the long term. You see this in how many poor people handle money (spend it today because it could be gone tomorrow), people and their health (why deny myself this bacon today for the possibility of heart disease 20 years from now?), etc. It takes discipline, education and sometimes outside pressure to stop this behavior.
You are imparting rationality on a system known for not acting rationally. Capitalists both act against their own interests and against the larger communities interests quite frequently. Economists sometimes describe it is “economic externalities” and recognised long ago that modelling players as rational actors was flawed. Why would companies risk their own futures by funding climate denialism?
One of capitalisms greatest weaknesses is it greatly rewards short terms gains at the cost of long term profits or failure. Even if you trash a company you walk away wealthy.
You’re absolutely right! Can’t argue with this.
What you’re describing is it pursuit of short-term profits. This pursuit is often categorized as an actual mental disorder.
What this article is describing and what the people in this comment section are describing is a complete replacement of employees by AI. Which just isn’t a thing that’s going to take place.
I’d say the pursuit of short term gains is an inherent pattern in the human brain. If you look at it from a survival mode it makes more sense for a hunter-gather to eat everything he finds in a spot because if he doesn’t it could be gone tomorrow and he’d starve even if it means he’s wiping out this food plant in the long term. You see this in how many poor people handle money (spend it today because it could be gone tomorrow), people and their health (why deny myself this bacon today for the possibility of heart disease 20 years from now?), etc. It takes discipline, education and sometimes outside pressure to stop this behavior.