Meditations and Learnings

Meditations and Learnings

Inefficient Transportation Without Profits

Economies that remove profits create inefficiencies in the transportation of goods. The existence of profits produce skin in the game - a centralised economy lacking profits give transporters no incentive to be sufficiently careful. The transporters in America will suffer some form of cost if another company’s product incurs breakages: repetitional or punitive. In China, the system doesn’t earn this trust.