Extinction - to be expanded
Over 99% of the species which ever lived are now extinct. And yet we have a vibrant and powerful global ecology (not withstanding the mass extinction humans are bringing about).
That is the natural result of a free market: only the best suited survive, but complexity brings about innumerable different possibilities.
If I were to stand up as a US politician and state that 99% of all jobs which we have now will eventually disapear, to be replaced be new and different positions, there would be uproar. Human society, created in many ways to minimize the negative sides of a pure market, abhores extinction. And yet it is the most natural of processes. The only difference is that with humanity, those going extinct have the ability to change the rules, thus preserving their inefficient roles.
That is the natural result of a free market: only the best suited survive, but complexity brings about innumerable different possibilities.
If I were to stand up as a US politician and state that 99% of all jobs which we have now will eventually disapear, to be replaced be new and different positions, there would be uproar. Human society, created in many ways to minimize the negative sides of a pure market, abhores extinction. And yet it is the most natural of processes. The only difference is that with humanity, those going extinct have the ability to change the rules, thus preserving their inefficient roles.
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