AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Is There a Multipolar Trap?
When things get really visual, things can actually change. Almost everything produces negative externalities, and so it has to be disguised. If i figure out how to externalize some of my cost, and so my margins go up, all my competitors have to figue out how to Externalize Some Cost. But it's very hard to make laws to bind these things. And the same is true with ethical issues, right? If i am perfectly ethical, i am going to lose in politics,. So i make certain kinds of compromises.