5min chapter

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#598 - Dr Jonathan Anomaly - The Wild Ethics Of Human Genetic Enhancement

Modern Wisdom

CHAPTER

The Rich Pay Over the Odds for New Technologies

The rich pay over the odds for new technologies when they first come online. The technology gets better and cheaper precisely because of the rich take the risks to subsidize it for everyone else. This is what Adam Smith meant by the invisible hand, as if God was redistributing resources through trade.

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