> You get efficiency by hunting down and eliminating inefficiency, redeploying the resources elsewhere
Plants do this. What’s it got to do with capitalism?
Plants do this. What’s it got to do with capitalism?
So errors abound, and have to be subsequently corrected. This correction process is as natural to capitalism as breathing is to you being alive. Without it, things would rapidly grind to a halt. We see this in sclerotic centrally planned economies where errors persist for much longer.