How the World Ran Out of Everything

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>“In a race to get to the lowest cost, I have concentrated my risk. We are at the logical conclusion of all that.” Just about sums it up.


Paywall. I am not a bot. Would you please post the text of the article here?!


It’s almost as if optimizing for profit doesn’t work out to the benefit of society. Crazy.


A quip I heard many years ago was that if economists designed humans, we’d only have one kidney and a much smaller liver. There’s a fundamental tradeoff between efficiency and resiliency that doesn’t get near as much attention as it deserves.


Don’t companies get taxed yearly for the value of the inventory?