Hacker News Reader

The most efficient usage of resources is the constraint, not the goal. It means markets will use fewer resources for building 10 smartphone than an ad-hoc system, but it will not decide whether the 10 smartphones are needed or what kind of smartphone are needed.

View on HN

Also it doesn't imply it'll use the least amount of resources, it implies it'll use the least amount of _money_, which means the cost will be exported to countries that can't afford to say no... Are we really surprised at the amount of slave labor in the world?

> but [the market] will not decide whether the 10 smartphones are needed or what kind of smartphone are needed.

This is what buyers decide about via their buying decisions.

Reply on news.ycombinator.com