[HN Gopher] Soviet Shoe Factory Principle
       ___________________________________________________________________
        
       Soviet Shoe Factory Principle
        
       Author : dccoolgai
       Score  : 167 points
       Date   : 2025-01-29 20:26 UTC (1 days ago)
        
 (HTM) web link (wiki.c2.com)
 (TXT) w3m dump (wiki.c2.com)
        
       | georgeecollins wrote:
       | What gets measured gets done.
       | 
       | But, Goodhart's Law "When a measure becomes a target it ceases to
       | be a good measure."
        
         | bell-cot wrote:
         | > What gets measured gets done.
         | 
         | Sometimes. Other times...just look at the US public education
         | system.
        
           | mattigames wrote:
           | What gets measured _and_ the organization is a whole focused
           | on improving such measure they mean.
        
         | mycall wrote:
         | That is interesting as the definition of a KPI is a metric with
         | a target as a goal.
        
       | black_13 wrote:
       | The Theranos Startup Model is just the capitalist equivalent of
       | SSFP: Instead of making useless shoes, they make useless software
       | or fake hardware. Instead of meeting state quotas, they hit VC
       | funding goals. Instead of the government propping them up,
       | investors keep them afloat.
       | 
       | 2. Theranos as a "Startup Shoe Factory"
       | 
       | Theranos is the perfect capitalist version of the Soviet Shoe
       | Factory:
       | 
       | Soviet Model == Theranos Model (Capitalist Equivalent) Shoe
       | factories produced small sizes to meet quotas. Theranos faked
       | blood test results to meet investor expectations. Factories cut
       | material costs and quality to meet output goals. Theranos lied
       | about its technology because real innovation was too slow.
       | Central planners rewarded metrics over reality. VC investors
       | rewarded hype over real products. Factories looked productive on
       | paper, even if they made useless products. Theranos looked like a
       | billion-dollar startup, even though it had no working product.
       | The economy was distorted by planned quotas. The startup world is
       | distorted by fake valuations and exit-driven funding.
        
         | stickfigure wrote:
         | Nah. Theranos was a fraud that survived for 15 years (fewer if
         | you count their active period). "Capitalism" killed it off when
         | the fraud became public and investors stopped giving them
         | money.
         | 
         | Capitalism isn't magic, humans can still be fooled. The nice
         | thing about capitalism is that I personally didn't have to give
         | them money. Caveat investor.
        
           | mempko wrote:
           | You do know the Soviet System also had money and had the
           | equivalent of 'investors' giving said money to institutions.
           | Money and markets is not what makes capitalsim unique. Hint,
           | it's in the name.
        
           | kevin_thibedeau wrote:
           | They weren't operating as a fraud in the beginning. I'd give
           | the benefit of the doubt that Holmes was just naive about the
           | technical issues given her inexperience. They switched to
           | fraud to buy time for the intended product.
        
             | worthless-trash wrote:
             | Is it acceptable business practice (aka not fraud) to take
             | money from people when an even laymen in the field can
             | detect the level of lies. Rational human beings don't like
             | being tricked, she was a magician of medicinal claims and
             | knew the showmanship requirements.
             | 
             | Extraordinary claims require some kind of data and facts to
             | back the claim, which there was none. There is no evidence
             | to believe they could develop this technology, optimism
             | yes, but evidence no. It was fraud from the start.
        
       | cynicalsecurity wrote:
       | The corporate world generally resembles Soviet culture a lot to
       | me.
        
         | watwut wrote:
         | Hierarchical structure with basically powerless bottom, strong
         | blindly believed unaccountable top that is primary rewarded for
         | looking certain way.
         | 
         | There is going ro be a sociological rule that this thing always
         | leads to similar dysfunctions.
        
         | rqtwteye wrote:
         | Totally. I visited East Germany a few times when the wall was
         | still up. The communist planned economies were a lot like
         | corporations: 5 year plans, lots of internal propaganda, power
         | struggles in leadership, total distortion of reality,
         | sociopaths making their way to the top, no acceptance of
         | dissent, metrics that make no sense.
        
           | gyomu wrote:
           | The nice thing about corporations is that they have to be
           | able to make payroll at the end of every month, otherwise
           | they go bankrupt relatively quickly.
           | 
           | Things can get much uglier and be much more protracted for
           | governments.
        
             | wesselbindt wrote:
             | Unless they get bailed out by the government, or get tax
             | breaks, or do mass layoffs. All of which seem to happen a
             | lot.
        
               | akoboldfrying wrote:
               | With you on the bailing out and tax breaks. Mass layoffs
               | though? That's an appropriate response to being
               | uncompetitive.
        
               | rangestransform wrote:
               | I will say that perhaps Lina Khan was on the right track
               | to benefit tech and the US economy overall by breaking up
               | sclerotic corporate behemoths
        
               | rqtwteye wrote:
               | That's over for the next years.
        
             | carlosjobim wrote:
             | It's 2025: Many corporations are more funded by investors
             | and lenders, rather than by income from servicing customers
             | on the free market. The investor and lender money is
             | conjured up out of thin air by a Central Committee, oops I
             | mean by capitalistic bankers.
        
         | BurningFrog wrote:
         | Except we have thousands of competing Soviets keeping the
         | system healthy.
        
           | wesselbindt wrote:
           | Do you consider the current state of things healthy? By what
           | metric?
        
             | BurningFrog wrote:
             | It produces steady progress on most any important metric.
             | 
             | Compared with the Soviet system, that makes it vastly
             | superior.
             | 
             | Compared to an imagined perfect system, it has many flaws,
             | but that's how the real world is.
        
               | wesselbindt wrote:
               | > It produces steady progress on most any important
               | metric
               | 
               | Some metrics I care about are income equality,
               | homelessness, school shootings, level of education. What
               | are the metrics you care about that you see improving?
               | 
               | > Compared with the Soviet system, that makes it vastly
               | superior.
               | 
               | I'm sure it's also superior to the feudal system and
               | hunter-gatherer systems. The Soviet system has been gone
               | for three decades, I don't see why we would care to
               | compare the current system to the effects of a system
               | operating in a vastly different economic and political
               | reality, more than 30 years ago.
               | 
               | > Compared to an imagined perfect system, it has many
               | flaws, but that's how the real world is.
               | 
               | Well sure, that's a truism. That doesn't preclude the
               | existence of realistic more effective or healthy systems.
        
               | BurningFrog wrote:
               | Sure. But I was commenting on this:
               | 
               | > _The corporate world generally resembles Soviet culture
               | a lot to me._
        
               | wesselbindt wrote:
               | Alrighty. I'm still really keen to find out what metrics
               | you personally care about.
        
           | bagful wrote:
           | As an American, I would not call our system healthy from a
           | practical sense; certainly not for society, if this past
           | decade of mounting instability, distrust, and profiteering is
           | any indication.
        
             | akoboldfrying wrote:
             | I agree, but it's still better, and there's an unusually
             | clear-cut natural experiment to prove it: East and West
             | Germany after WWII.
        
               | dh2022 wrote:
               | Or South Korea vs. North Korea
        
               | mitthrowaway2 wrote:
               | Interestingly, North Korea had a higher GDP per capita
               | than South Korea until the 1970s.
        
             | BurningFrog wrote:
             | It's easy to get discouraged by The News, which will always
             | focus on things going badly. That generates clicks, but
             | it's not a neutral sample of larger trends.
             | 
             | The last decade has increased US GDP per person by more
             | than 50% (yes, adjusted for inflation), and launched many
             | innovations making live better and safer.
        
               | wslh wrote:
               | > The last decade has increased US GDP per person by more
               | than 50% (yes, adjusted for inflation), and launched many
               | innovations making live better and safer.
               | 
               | I think what you're referring to is the calculation of US
               | GDP per capita, which is an average. However, this
               | doesn't mean that the typical individual has experienced
               | a 50% improvement in their income or well-being. The
               | distribution of economic gains matters, and GDP per
               | capita doesn't capture that. This is a significant
               | difference.
        
               | BurningFrog wrote:
               | In theory, you could be right. In practice, it's hard to
               | make the math come out that way.
               | 
               | Basic facts: GDP is how much value a country produces. It
               | is also close to how much it consumes, aside from some
               | marginal adjustments, which I doubt have changed much
               | over this decade.
               | 
               | If income distribution had changed drastically, it could
               | still be true that average people didn't see any of that
               | 50% increase, but I don't see any signs of change on such
               | dramatic scale.
               | 
               | So yes, I do think the typical individual has experienced
               | a 50% improvement in their income.
               | 
               | For "well being", the change is probably much smaller.
               | Happiness doesn't come from money...
        
         | XorNot wrote:
         | I've annoyed so many people by pointing this out: that anyone
         | who says "free market solves all problems" misses that within
         | that market we just embed thousands of tiny centrally planned
         | economies, and there have been in fact numerous experiments
         | trying to "free market within the free market" that lead to
         | high profile disasters (i.e. Sears).
        
           | quesera wrote:
           | I would never say that "free markets solve all problems".
           | 
           | But I would strongly argue that the failure of Sears is an
           | example of free market _success_.
        
             | cogman10 wrote:
             | Sears failed because a venture capitalist realized they
             | could buy Kmart, use it as collateral to buy Sears and
             | drive both into bankruptcy and sell off after plundering
             | all the assets for the shareholders.
             | 
             | How is that a success of the free market? 2 old companies
             | destroyed because someone got enough money to run them into
             | the ground and make a killing doing it?
             | 
             | Are MLMs also a free market success story?
        
               | sema4hacker wrote:
               | You made me read the history of Sears on Wikipedia and
               | the story seems much more complicated than you describe.
               | It's not very clear who took a loss and by how much, and
               | who gained and by how much, but overall it seemed to be
               | the usual story of distracted mismanagement unable to
               | keep up with changing competition and going into a death
               | spiral. In other words, just another slow inevitable
               | boom-bust-style cycle that's constantly happening
               | everywhere around us.
        
               | jordanb wrote:
               | No I worked at Sears and it was driven into the ground by
               | an idiot PE fund manager and his arrogant consultants.
               | 
               | Sears had one big problem when Eddie took over: it was
               | out of step with the then-current retail format (big box
               | stores). Its stores were heavily situated in enclosed
               | malls that were out of fashion. The solution was
               | straightforward if expensive: reformat the business
               | (Sears had already done this twice before).
               | 
               | But then Eddie rolled into town with his genius
               | consultants and a galaxy brained idea: Kmart has stand-
               | alone stores that kinda look like big box if you squint.
               | So let's just merge the brands together! Then Sears ends
               | up in big boxes without expensive reformatting!
               | 
               | The fact that the brands were completely incompatible was
               | pointed out by everyone who knew anything, but those
               | weren't people in Eddie's inner circle so their opinions
               | meant nothing.
               | 
               | By the way I don't think ESL Investments ended up making
               | money on Sears. They stripped the company of assets yes,
               | but most of those assets were distressed by the collapse
               | of Sears. Like a lot of real estate was in struggling
               | malls that had Sears as the anchor tenant. ISTR some of
               | ESL's LPs suing Eddie.
               | 
               | Eddie made money the way all PE fund managers make money
               | even when everyone else involved loses their shirt: by
               | charging fees.
        
               | quesera wrote:
               | I did not work at Sears, but from the retail customer
               | side, Sears was dead for a decade or two before it died.
               | You might be able to imagine pivots that could have
               | brought the company back to life, but none of them were
               | guaranteed, or, from my perspective, even remotely
               | likely.
               | 
               | Sears was dead dead. Too ossified, too big, too out of
               | touch. Just like Kmart. And Radio Shack. And Circuit
               | City. JC Penney. The stores were dead, the products were
               | marginal or worse, the prices were out of line. Retail
               | staff was sparse and generally not great. The house
               | brands were eroded. The national brands were overpriced.
               | Sears had no reason to live. And it died, whatever the
               | corporate machinations were to attempt to extract every
               | last bit of residual/perceived value beforehand.
               | 
               | The PE machinations were not a success, but the ultimate
               | death was the correct and expected result for a free
               | market.
               | 
               | It was sad to lose a brand and a community fixture like
               | that. But it was gone for so long before it finally went
               | away that there was zero surprise, except the duration of
               | the death throes. IMHO of course!
        
               | quesera wrote:
               | PE machinations aside, Sears and Kmart were dead for a
               | long time before they closed the last stores.
               | 
               | Their failures are _free market_ successes, because the
               | free market is all about vendors serving customers.
               | Vendors that fail to do so, are expected to die. Sears
               | grossly failed to do so, for a decade or two before being
               | financially zeroed.
               | 
               | If there's any argument for market failure in the Sears
               | case, it is that the death took soo long to be finalized.
        
               | cogman10 wrote:
               | The issue here is that both Sears and Kmart were large
               | players in a tight market with low competition. Both of
               | their demises ultimately have allowed further
               | consolidation of the market into fewer players.
               | 
               | The fewer the players on the market, the more likely
               | collusion and monopolistic behaviors start to form.
               | 
               | But I also do not buy your premise that both companies
               | were "dead companies lurching forward." Both companies
               | had GOBS of assets that they could have liquidated and
               | used to restructure into success. Those gobs of assets
               | WERE liquidated but instead of being used to serve
               | vendors or customers, they were used to enrich the
               | shareholders.
               | 
               | The failure here is that this behavior of pillaging a
               | company to it's detriment is something that could happen
               | to any business. It wasn't done out of stupidity or
               | ignorance, it was a malicious act of greed.
               | 
               | The problem I have with the free market hypothesis is it
               | works only when there are many players on the market.
               | However, entry into the market is by it's nature
               | expensive and the economies of scale practically
               | guarantee monopolistic end-states.
               | 
               | Consider, for example, the current state of the
               | semiconductor industry. If Intel fails, would that be a
               | free market success story? I would argue no because the
               | market, particularly around fabrication, is already
               | hugely concentrated into very few key players. We are not
               | going to see a new cutting edge fab company (barring
               | trust busting).
               | 
               | This consolidation action is happening up and down the
               | market in everything from food to healthcare. We are
               | actively seeing the death of small time farmers because
               | of consolidation in meatpacking, groceries, and milling.
               | Because a big mill doesn't want to deal with some 100acre
               | farmer, they are actively locking them out of
               | participation. And because a company like Nestle doesn't
               | want to deal with 100 mills, smaller mills are being
               | locked out of the market. These actions are all free
               | market.
               | 
               | I call the death a Sears a failure in the market because
               | it kills off competition. The only time it could be a
               | market success story is if we had an actively competitive
               | market with a large number of players.
        
               | quesera wrote:
               | I agree with the bulk of this!
               | 
               | But I maintain that the failure of _Sears, Roebuck & Co._
               | was the free market doing exactly what it's supposed to
               | do.
               | 
               | Market distortions due to consolidation are a huge
               | problem. But Sears was not fit for survival and there's
               | no reason to believe that cash-for-assets could have been
               | turned into a new viable business of any kind.
               | 
               | There was nothing to salvage out of the business model,
               | vendor relationships, retail locations, consumer brand
               | equity. Nothing. They abused their brand (and their
               | Craftsman etc house brands!) for years. Some macro events
               | and shifts were clearly out of their control and might
               | have been insurmountable anyway, but the brand damage was
               | entirely self-inflicted, and ultimately the only thing
               | that might have saved the rest.
               | 
               | There was nothing left except lease obligations, slow-
               | moving inventory, and nostalgia.
               | 
               | But enough about Sears. Your point, IIMBSB, is that the
               | free market doesn't necessarily produce the most viable
               | ecosystem. No argument there -- the natural end state of
               | a free market appears to be 85+% monopoly or duopoly, and
               | this is harmful to consumers and the economy!
        
               | cogman10 wrote:
               | > There was nothing to salvage out of the business model,
               | vendor relationships, retail locations, consumer brand
               | equity. Nothing.
               | 
               | I have to somewhat disagree here.
               | 
               | Amazon purchased wholefoods in 2017 to bootstrap their
               | own distribution system. One year after sears went under.
               | 
               | My point is that sears had room and time for years to
               | pivot their business model into something more
               | profitable. They had the land, warehouses, and
               | distribution system bigger than what amazon paid $13
               | billion to acquire. Heck, for fairly little money, sears
               | could have entered or expanded into the shipping industry
               | to compete with FedEx and UPS. They could have partnered
               | with Amazon to handle their shipping.
               | 
               | The free market failure here is that the management team
               | did nothing wrong by shareholders which in turn killed
               | the company. They didn't die because they were being out
               | competed, they died because management valued the next
               | quarters profits over the long term success of the
               | business.
               | 
               | The fact that the free market doesn't really care if a
               | business does that is where it fails. The negative social
               | impacts of large companies failing is tremendous and
               | another problem with the free market. While business
               | failing is value neutral for the free market, it's
               | economically and socially a disaster.
        
               | quesera wrote:
               | Interesting point, but I'll push back a bit.
               | 
               | Whole Foods was a standalone viable business with high-
               | quality retail locations. Sears was neither.
               | 
               | But I'll certainly grant you that with the resources, a
               | fantastic new model, and lots of luck, there were better
               | outcomes possible. Not sure about likely.
               | 
               | As for the free market failure, I _do_ think Sears was
               | out competed, by a wide margin. By Target, Best Buy,
               | Amazon, Home Depot, etc. New (ish), smarter, more nimble
               | retail without the lethargy that had been inside Sears
               | since the 1990s at least.
               | 
               | I agree that there's something wrong with the fact that
               | management can do right by shareholders but
               | simultaneously wrong by consumers. I don't know if I'd
               | call that a free market failure though. Some kind of
               | corporate governance discontinuity perhaps?
               | 
               | But the "market" as I think of it is strictly the retail
               | consumer market, so when Sears failed the consumers, they
               | were removing themselves from the retail gene pool. It
               | would not be healthy for the market for them to continue
               | operating.
        
               | cogman10 wrote:
               | > I don't know if I'd call that a free market failure
               | though. Some kind of corporate governance discontinuity
               | perhaps?
               | 
               | How could this corporate governance discontinuity be
               | resolved?
               | 
               | The reason I call it a failure of the free market is
               | because the corporate governance model is something born
               | from free market fundamentals, not from any sort of
               | government regulation.
               | 
               | IMO, the fix to such problems is government intervention.
               | In the case of consumer retail, I think governments
               | should be MUCH more aggressive using anti-trust to break
               | up large companies to actually start competition.
        
               | quesera wrote:
               | I'm with you 100% here.
               | 
               | Unbridled capitalism, especially on the scale possible
               | today, is anti-competitive and consumer-hostile. And
               | economically and socially destructive in the medium-to-
               | long term.
               | 
               | But still, given what it was, Sears had to die. Or be
               | reborn. Death is more common! So the death was not the
               | market failure. That was proper and expected. The state
               | of the world left behind might well highlight a
               | weakness/failure of the free market model. We may be in
               | full agreement, just semantically misaligned.
               | 
               | I am not confident I have a good solution. All models
               | impose some arbitrary metrics that are probably wrong
               | (even if they are an improvement!).
               | 
               | But I agree that some form of anti-trust regulation and
               | enforcement is the only possible structure for it.
               | 
               | My deepest relevant experience is in broadcast media, and
               | I strongly believe that relaxed ownership restrictions
               | and the outright repeal of the Fairness Doctrine were
               | economic and social mistakes that we are paying for
               | dramatically today. The issues are complicated, but the
               | results are _bad_.
        
         | AnthonyMouse wrote:
         | > The corporate world generally resembles Soviet culture a lot
         | to me.
         | 
         | The problems of Soviet culture are really the problems of
         | bureaucracy.
         | 
         | The way this is intended to be addressed in free markets is
         | through competition. If your employer sucks, go work somewhere
         | else. If their product sucks, buy it from someone else. This
         | works pretty damn well as long as the company doesn't find a
         | way to insulate itself from competition. But if that happens,
         | it stops working, and then you're back to an unaccountable
         | bureaucracy and all that entails.
         | 
         | This has been happening increasingly in the US because
         | corporations capture the government, and then they do two
         | things: Weaken antitrust laws/enforcement, and "strengthen"
         | _other_ laws that raise market barriers to entry which are then
         | sold to the public under the subterfuge of some kind of safety
         | /security/labor protection/etc., because the public rightly
         | wouldn't accept their true motivation as a valid justification.
         | 
         | This also tends to feed on itself. Some industry captures the
         | government, constrains competition, becomes abusive so people
         | start demanding something be done about it. Instead of
         | addressing the root of the problem (regulatory capture and
         | insufficient competition), the incumbents propose a rule to
         | reduce competition even more. So you get housing construction
         | constrained by zoning, but instead of addressing that, the
         | proposal is something like rent control, which disincentivizes
         | construction even more and then long-term rents get even
         | higher.
        
           | einpoklum wrote:
           | > The way this is intended to be addressed in free markets is
           | through competition
           | 
           | "Free market competition" is an ideological construct.
           | Collectively (and sometimes even personally), we can't "go
           | work somewhere else" - and we certainly can't not-work at
           | all. Moreover, if an "employer sucks", it may suck in
           | multiple ways - environmental impact, social impacting where
           | it operates, impact of its products and services on society
           | etc. None of that changes even if you do go "work something
           | else". What's necessary is improving things, not finding
           | another 'stall' in the 'market'.
           | 
           | > This has been happening increasingly in the US because
           | corporations capture the government,
           | 
           | The government exists to serve the interests of property
           | owners, and more so, the larger ones - enforcing the social
           | order and protecting their minority control of economic
           | forces, the means of producing and distributing goods and
           | services, from the rest of surrounding society.
           | 
           | Capture by certain corporation is an attempt to tug at that
           | common blanket to favor them specifically rather than keep
           | the system somewhat stable and functional.
        
             | AnthonyMouse wrote:
             | > Collectively (and sometimes even personally), we can't
             | "go work somewhere else"
             | 
             | If Company A sucks and there are many other companies that
             | don't, every single employee at Company A could quit and go
             | work somewhere else, and then Company A can go out of
             | business. That's a completely reasonable outcome for a
             | company that sucks, and is what happens when there is
             | actually competition.
             | 
             | > and we certainly can't not-work at all.
             | 
             | No known system satisfies the criterion that we all
             | collectively don't have to work.
             | 
             | > Moreover, if an "employer sucks", it may suck in multiple
             | ways - environmental impact, social impacting where it
             | operates, impact of its products and services on society
             | etc. None of that changes even if you do go "work something
             | else". What's necessary is improving things, not finding
             | another 'stall' in the 'market'.
             | 
             | These are not the "Soviet Shoe Factory" issue, they're
             | externalities. If the company tries to make only baby shoes
             | to save material but people want adult shoes and
             | competition exists then people buy adult shoes from
             | somewhere else and the shoe factory making unnecessary baby
             | shoes goes out of business or doesn't have the perverse
             | incentive to do that to begin with.
             | 
             | If the company is dumping toxins in the river, that isn't
             | one of the problems that competition is _expected_ to fix,
             | in the same way that it isn 't expected to prevent thefts
             | or murders. And it's also not a problem the Soviets fixed
             | either.
        
               | roenxi wrote:
               | > No known system satisfies the criterion that we all
               | collectively don't have to work.
               | 
               | The current system nearly satisfies that criterion. We'd
               | just have to accept 1700s average living standards.
               | 
               | Turns out in practice if you give people a day of free
               | time they spend it bettering their lives by working
               | instead of being happy with nothing.
        
               | ozim wrote:
               | Parent mentioned that not everyone can just swap.
               | 
               | Like if company A is on NY but 20 competitors are better
               | and all but only have the work available in L.A.
               | 
               | You are not going to just quit and move.
               | 
               | Hence efficient market might be so on scale that is not
               | available for that employee.
        
               | ema wrote:
               | It's a question of degree yes people aren't going to move
               | across the country for a slightly better job but if the
               | difference becomes big enough they do.
        
               | AnthonyMouse wrote:
               | Not only that, for it to even happen you'd need one of
               | two things:
               | 
               | 1) You have a very specific skillset which has such a
               | high market value that you're not willing to change
               | roles, but is esoteric enough that there are no other
               | local employers for that skillset even though there are
               | plenty of local employers in general. This is obviously
               | not the common case, and is generally not a huge problem,
               | because the "victim" is someone who can still command
               | high wages and extract concessions from the monopolist
               | because they still have the ability to switch roles and
               | get a job doing something else for someone else.
               | 
               | 2) There are not plenty of local employers in general.
               | This is the aforementioned problem case where the
               | incumbents capture the government and use it to inhibit
               | competition, which must be prevented.
        
             | carlosjobim wrote:
             | > "Free market competition" is an ideological construct.
             | 
             | Sure, but is competition an ideological construct? Even the
             | Soviet Union had competition between companies and
             | institutions - without any free market.
        
               | vkou wrote:
               | It had a market where consumers could choose to spend
               | their money on _particular_ brands of consumer goods,
               | with varying degrees of quality.
               | 
               | There weren't a lot of different brands, but there were
               | some, and they were in direct competition with eachother.
               | The bigger issue was overall low productivity and high
               | logistics friction, which leads to shortages (and a MIC
               | that sucked up half the country's productive output
               | didn't help matters).
        
             | tehjoker wrote:
             | It's so funny that we still have to debate these things
             | when Lenin wrote "Imperialism: The Highest Form of
             | Capitalism" over a hundred years ago about a society that
             | was far less concentrated than what we have today.
             | Capitalism trends towards consolidation with the exception
             | of a "new market" environment where it appears more in its
             | Adam Smith sense. This rapidly melts away into oligopoly as
             | weaker firms lose to stronger firms. Eventually, the
             | domestic market is not enough to sustain growth and firms
             | induce politicians to carve up the world for them to divide
             | the world into intentionally underdeveloped areas of cheap
             | production and areas of consumption.
             | 
             | https://www.marxists.org/archive/lenin/works/1916/imp-hsc/
        
               | AnthonyMouse wrote:
               | The trouble with this critique is that it takes as a
               | premise that you have a government which is enforcing at
               | least contracts and property rights, but not antitrust
               | laws. Without the former you can't have a monopoly
               | because people would just take the monopolist's stuff
               | (though of course then you have different problems). With
               | the latter, contracts for anti-competitive mergers are
               | illegal and consolidated markets get broken up.
               | 
               | The general problem, which is not limited to capitalism,
               | is that organizations try to consolidate power. So you
               | need something to inhibit that. What this is supposed to
               | look like is a limited government that can enforce
               | antitrust laws against other organizations, but is
               | constrained from _itself_ becoming an organization that
               | consolidates power. This requires strong checks and
               | balances, and they clearly need to be more robust than
               | the ones currently in place. Not least because several of
               | the ones originally in place under the US constitution
               | have been removed through amendments (e.g. 17th) or
               | creative interpretation (e.g. _Wickard_ ).
        
             | NoMoreNicksLeft wrote:
             | >Free market competition" is an ideological construct.
             | Collectively (and sometimes even personally), we can't "go
             | work somewhere else" - and we certainly can't not-work at
             | all. Moreover, if an "employer sucks", it may suck in
             | multiple ways - environmental impact, social impacting
             | where it operates, impact of its products and services on
             | society etc. None of that changes even if you do go "work
             | something else". What's necessary is improving things, not
             | finding another 'stall' in the 'market'.
             | 
             | In a natural world, "collectively" is easier than
             | "personally". You might have some reason that you
             | absolutely can't quit, but there will be other employees
             | who don't have that handicap. Their pressure will be enough
             | to keep the employer reasonable for you too, since there
             | are probably more of them than there are people who can't
             | leave like you. But even if no one can realistically go get
             | another job, that's not the true pressure... the true
             | pressure is that they're so awful you'd all just quit
             | despite how awful that will be for you, despite your
             | inability to get a new job.
             | 
             | In a natural world with well-cultivated libertarian
             | tendencies, the threshold for "fuck you I'd rather starve
             | than put up with your bullshit" is pretty low. This is why
             | companies (and government) are so eager to do everything
             | they can to undermine libertarian tendencies... it makes
             | everyone more vulnerable. Not that anyone understands this.
             | The modern impulse when abuse takes place is to try to goad
             | mommy government into coming to the rescue, which further
             | erodes libertarian attitudes. They need you vulnerable,
             | they need it to be such that if you have problems only they
             | can solve them. If they can contrive that to be the case,
             | they get to decide whether or not they want the problems
             | solved at all.
        
           | marsovo wrote:
           | Overall I agree: I think a big root cause of current woes is
           | that companies have grown too large and competition is
           | broken. Not only that, but larger entities have more leverage
           | to tilt the playing field and become even more
           | anticompetitive.
           | 
           | There is another issue: collusion. If every company requires
           | binding arbitration in their contracts (of adhesion), do I
           | just opt out of having a cell phone, internet service, etc.?
           | 
           | See also: RealPage's rent-fixing.
        
         | trhway wrote:
         | >The corporate world generally resembles Soviet culture a lot
         | to me.
         | 
         | that is the Marx's law from Das Kapital which in modern
         | language can be stated as "the larger the entropy of the
         | ownership distribution - the more socialism inside". The
         | smallest entropy - one owner, classic capitalism, the largest -
         | everything belongs to everybody, ie. government property, the
         | socialist state, etc. The large publicly owned corporations are
         | more toward the large entropy values, thus a lot of socialism
         | inside.
        
         | mempko wrote:
         | David Graeber's book "Bullshit Jobs" does a great job going
         | deep into why this is.
        
         | prewett wrote:
         | Communism is functionally societal-level Taylorism, which I
         | believe is the dominant corporate management style.
         | 
         | Hayek said that the reason Communist economies failed was that
         | the center could not get accurate information on what the
         | leaves needed/wanted, so there was always a supply/demand
         | problem. Market economies use prices to automatically convey
         | this information. It seems like as companies get towards
         | nation-state sizes they tend to have a similar problem:
         | management is completely out of touch with what the people
         | doing the work need (and/or out of touch with the customer
         | base, market situation, etc.).
         | 
         | Fortunately, leaving companies is a lot easier than Communist
         | countries. Also disagreement is a lot less dangerous, and the
         | consequences of being on the receiving end of political
         | backstabbing are a lot more tolerable. Maybe most importantly,
         | corporations don't tend to be founded on a lie like Communist
         | governments (see the Charter 77 essay [1]).
         | 
         | [1] https://hac.bard.edu/amor-mundi/the-power-of-the-
         | powerless-v...
        
       | tombert wrote:
       | A similar thing I've noticed in the last ~6 years is in regards
       | to smartphones, and in particular their cameras.
       | 
       | Android is pretty standardized these days, and even a fairly
       | cheap Android phone will probably do most smartphone things (make
       | calls, send texts, watch YouTube, etc.) reasonably well, but a
       | corner that seems to be cut in cheaper phones is almost always
       | the camera, and that kind of makes sense.
       | 
       | If you're buying your phone online, you can look at the more-or-
       | less objective specs of the phone like how much RAM it has, or
       | how fast the CPU is, but you can't really tell how the photos
       | will look [1], and as such it's easy to put a cheaper sensor or
       | lens in there, especially in the cheaper phones which (I think)
       | have lower margins.
       | 
       | [1] Even if the listing has sample pictures, you don't know how
       | representative they are of the actual experience; they could just
       | have taken the sample photos with ideal lighting, with a tripod,
       | in a controlled studio, for example.
        
         | gyomu wrote:
         | Yes, and those crappy sensors will still be 200 megapixels
         | (which will be used as an advertising point), as most people
         | don't realize that a fantastic 24 MP camera is better than a
         | crummy 200 MP one.
        
           | tombert wrote:
           | Yeah, definitely; megapixels are a more or less objective
           | metric, but they're only _one_ factor to image quality, and
           | nowadays not even really the most important one.
        
             | toast0 wrote:
             | Pixel count is objective, but never meant much. Sensor area
             | is much more important, but doesn't make for a sexy number,
             | and it often doesn't make it into the spec sheet.
        
           | patrakov wrote:
           | Worse; the crappy sensors will be only 8 megapixels or less,
           | but the camera software will inflate that with AI to 200
           | megapixels.
        
             | bobmcnamara wrote:
             | This has been happening for ages in the trail camera
             | market.
        
           | somat wrote:
           | True, the lens is usually more important than the sensor,
           | remember that the hubble space telescope is only one
           | megapixel.
        
           | malfist wrote:
           | Those 200 MP sensors are 200 MP in name only. They're so
           | small the individual pixels are smaller than the wavelength
           | of light they're trying to capture. That's why when you use
           | them, the max image size is usually around 50MP because
           | binning is required physically
        
           | Scene_Cast2 wrote:
           | I'm happy that the new metric is sensor size. A bit of an
           | upgrade in metric that mildly correlates to picture quality.
        
             | nayuki wrote:
             | That's good as long as they quote the sensor size in
             | millimetres for the width and height (e.g. 36 mm x 24 mm
             | "full frame").
             | 
             | What is atrocious is the inch format - e.g. 1 inch sensor,
             | 1/2.2" (decimal and fraction!). It somehow refers to the
             | diagonal length of the vacuum tube and not even the active
             | image area. https://en.wikipedia.org/wiki/Image_sensor_form
             | at#Table_of_s... ,
             | https://en.wikipedia.org/wiki/Video_camera_tube#Size
        
         | krab wrote:
         | I realized exactly this after some frustration with a few
         | phones. I found GSMArena that has extensive reviews including
         | sample standardized photos.
        
           | layer8 wrote:
           | GSMArena is such a valuable resource.
        
             | Tade0 wrote:
             | And with a history at that. They have reviews dating back
             | to 2004. It's fun to check out what were the biggest
             | concerns throughout the years.
        
         | gukov wrote:
         | The most blatant example of this is Samsung phones artificially
         | replacing photos of the Moon with a high-resolution composite.
        
         | nick3443 wrote:
         | Pixel 7 pro phones latest camera was the biggest disappointment
         | for me. I usually have been happy with pixels but it has
         | trouble focusing on infinity, and the image stabilization on
         | the 5x zoom lens is so jumpy it's worse than nothing at all. I
         | thought about trying to get it warrantied or something but was
         | already sick of spending hours at the Verizon store trying to
         | get my trade-in credit.
         | 
         | And to get the full advertised resolution (which you have to
         | enable in the photo toggles) you have to tolerate a delayed
         | shutter button and a "long exposure" for it to do the
         | computational photography or something. So it's useless to
         | expect full resolution with kids or action.
        
           | tombert wrote:
           | The Pixel 7 Pro was the worst phone I've ever owned. The
           | battery was terrible, the camera was terrible, sometimes it
           | just wouldn't boot up, everything about it was awful. I swore
           | an oath that I wouldn't buy a Pixel phone ever again.
           | 
           | I've heard that the Pixel 8 was better, but I'll never know.
        
             | samplatt wrote:
             | Fellow P 7 Pro owner here: yeah the 8 Pro is better. Still
             | wish I'd got something else, but at least audio through the
             | USB-C port doesn't have a buzzing caused by the clock on
             | the chip.
        
               | tombert wrote:
               | I just went back to iPhone for the time being. When this
               | phone breaks I might give Android another try but it will
               | definitely not be a Pixel.
        
           | qingcharles wrote:
           | The camera (and/or the camera software) was awful. There was
           | no way to get a good photo out of it, even with 3rd party
           | apps. And so many cameras now won't allow 3rd party apps
           | access to the full data either, so you are stuck with the
           | junk-ridden garbage that comes with the phone.
        
         | DoctorOetker wrote:
         | It is easy for programmer-types to think that pixel counts are
         | objective, simply because familiarity with units, or perhaps
         | because pixels are discrete countable physical locations on a
         | sensor.
         | 
         | An optical system composed of multiple lenses doesn't obviously
         | correspond to a certain resolution, but the confusion is merely
         | the literature taken at hand: instead of obsessively comparing
         | smartphone advertisements, it is physically possible to read
         | books and course notes on physics, optics, ...
         | 
         | There is nothing impossible about publishing spatial frequency
         | responses etc, or legally mandating such information to be
         | present on any advertising materials as soon as the MPixel
         | counts are advertised.
        
           | nayuki wrote:
           | > pixel counts are objective
           | 
           | Pixel counts _are_ objective. But the problem is that while
           | the pixel count sets the upper bound on the image quality,
           | all cameras don 't achieve that upper bound - especially due
           | to the Bayer color filter matrix.
           | 
           | To hit this point home, try taking a photo on a smartphone
           | with a 12-megapixel camera. Now take the same photo on a
           | professional camera, say the Canon EOS R5 with an expensive
           | L-series prime lens. The R5 photo has 45 megapixels, so go
           | and downsample that to 12 megapixels to match the phone
           | photo. The pro camera photo will look much better than the
           | phone photo, thus demonstrating that the phone camera is not
           | maximizing the limits of the 12 MP picture format.
           | 
           | (Also, to make the comparison fairer, take a landscape photo
           | of faraway scenery and buildings so that there are no effects
           | of focus blur from having a large lens aperture. Everything
           | in the photos should be in sharp focus.)
        
       | mcculley wrote:
       | Is there any evidence for this story?
        
         | dragonwriter wrote:
         | Are you asking if there is evidence that the described story
         | was told in Soviet Russia, or are you asking if there is
         | evidence that the obvious parable is an actual factual account?
        
           | mcculley wrote:
           | I would like to know if there was a shoe factory in Soviet
           | Russia that produced superfluous shoes for children during a
           | shortage of shoes for adults. I am familiar with the problems
           | of centrally planned economies and with the Soviet economies
           | in general. I am wondering if there was an actual instance of
           | this happening with shoes.
           | 
           | These memes tend to propagate and mutate through the minds of
           | those who are keen to believe things without evidence.
        
             | krisoft wrote:
             | " In Soviet Russia there is a story"
             | 
             | This is explicitly labeled as a story. It is a parable used
             | to illustrate a point. Do you also demand evidence of the
             | boy who cried wolf? Or little red riding hood who strayed
             | from the safe path? These are the same kind of things.
             | 
             | I would understand your question maybe if the article would
             | purport the existence of the shoe factory. But it doesn't.
             | And that is not the point of it.
        
               | mcculley wrote:
               | I am not demanding anything. I am very curious for real
               | stories from the Soviet Union relevant to economics.
        
               | stickfigure wrote:
               | Here's a whole youtube channel for you:
               | https://www.youtube.com/@UshankaShow
        
               | tdeck wrote:
               | Half the comments here are talking about this story as if
               | it's a piece of factual evidence that proves an
               | ideological point, so it seems valuable to ask if the
               | story actually happened.
        
             | SR2Z wrote:
             | > These memes tend to propagate and mutate through the
             | minds of those who are keen to believe things without
             | evidence.
             | 
             | There is definitely evidence of shoe shortages in the
             | Soviet Union - enough that it's a running joke.
             | 
             | A quick Google turned up this post:
             | 
             | https://www.econlib.org/archives/2009/09/soviet_shoes.html
             | 
             | which cites this book:
             | 
             | https://www.amazon.com/Dismantling-Utopia-Information-
             | Ended-...
             | 
             | I'm not sure if there will be better evidence, given the
             | USSR's propensity to pad their stats.
        
               | mcculley wrote:
               | This is great. Thanks.
        
         | jccalhoun wrote:
         | I don't know about Soviet manufacturing but there are a couple
         | pics going around of people claiming their pair of shoes were
         | made in two different countries:
         | https://www.reddit.com/r/Sneakers/comments/ho1tj8/my_left_an...
         | 
         | https://www.reddit.com/r/mildlyinteresting/comments/6iewhc/t...
         | 
         | Commenters claim it is done so that people in the factories
         | won't steal shoes since they can't get both left and right
         | shoes.
        
           | themaninthedark wrote:
           | The first link has two different color insoles present, they
           | might be different productions runs from different factories.
           | 
           | The second link has labels stuck to the insole but they look
           | like off a hand held label printer, not the mandated COO
           | label so I am a little skeptical.
        
       | readthenotes1 wrote:
       | Measurement Dysfunction is a better name for this, tho less
       | colorful and insulting
       | 
       | https://en.m.wikipedia.org/wiki/Measurement_dysfunction
        
       | tlb wrote:
       | Turns out that $ profit is one of the least gameable metrics.
       | 
       | Not completely ungameable, but for a consumer product
       | manufacturer in a free market it's the least gameable metric
       | invented so far.
        
         | einpoklum wrote:
         | 1. Oh, you'd be surprised.
         | 
         | 2. "Free" and "market" are fundamentally contradictory terms.
         | But that point is irrespective of the difficulty of quantifying
         | complexity/heft of tasks and goals.
        
         | Scene_Cast2 wrote:
         | I've seen companies actively, knowingly, and purposely trade
         | future growth, user experience, and user retention for
         | immediate profits.
        
           | GJim wrote:
           | I've seen governments do the same. Many times.
        
         | mempko wrote:
         | Explain Amazon then, a company notorious for being unprofitable
         | yet producing a great experience.
         | 
         | Markets are kind of a dumb thing if you think about it. You
         | take all the qualities of an item and project them into a
         | single scalar we call 'price'. Then use that scalar as a form
         | of comparison.
         | 
         | It's comical when you think about it. Seems we need a better
         | technology now that we have computers.
        
           | sien wrote:
           | Amazon invested profits. For many years ago they could turn a
           | switch and become profitable.
           | 
           | The share price kept rising while they were investing profits
           | in expanding.
           | 
           | It's far from a fool proof way of doing things, many
           | companies that prioritise growth over profitability wind up
           | with neither, but Amazon managed it.
           | 
           | As for prices, no computer can work out my preference or not
           | for a Mac over a PC, or a iPhone over an Android, or how much
           | quality I will pay for in a bike. Prices reveal this.
           | 
           | Ludwig von Mises said this was why Communism wouldn't work in
           | 1920. He was right.
           | 
           | https://en.wikipedia.org/wiki/Economic_calculation_problem
        
             | mempko wrote:
             | You misunderstood what I meant about prices. My point is
             | prices compress everyone's preferences and ability to pay
             | into a single scalar. It seems we can do better no?
        
         | amai wrote:
         | Short term profits are easily gameable. And before the long-
         | term issues hit you you can simply leave the company or find
         | someone to buy it ( and you will, because of the "high"
         | profits). That is how modern economics actually works.
        
       | trhway wrote:
       | A Soviet cartoon with similar story - a greedy customer wants a
       | fur hat from a sheepskin, and he asks whether the hat tailor can
       | make 2 hats from the same skin, and the tailor says sure he can
       | ... that goes to 7 hats, and when the customer comes to receive
       | the completed order he receives the 7 hats as ordered
       | https://youtu.be/gSpjDi2BrQk?t=193
        
         | Mikhail_Edoshin wrote:
         | This is based on an old Russian tale, so the story itself is
         | not specifically Soviet.
        
       | huevosabio wrote:
       | This is one of the reasons ML benchmarks are most useful soon
       | after their creation. Once they become a target, they cease to
       | meaningfully measure quality.
       | 
       | The corollary for the Soviet shoe factory is you need incentives
       | that propagate to guide production. You need the market to guide
       | you in all the little details and you have to discover little by
       | little what it is actually demanding.
       | 
       | For ML, we need something similar if not the same.
        
         | mempko wrote:
         | The market is notorious for creating a lot of distortions. I
         | don't think the answer is 'let the market guide you'.
         | Externalities are a known but huge problem with markets as
         | evidenced by the insane amount of pollution we produced.
        
       | neilv wrote:
       | > _Not to me confused with the Soviet shoe factories that
       | produced only one type and orientation of shoe - with the other
       | half of the pair being shipped in from 500 miles away._
       | 
       | This reminded me of something our anti-counterfeiting startup
       | learned when integrating into manufacturing for a high-end
       | outdoor apparel brand.
       | 
       | There are efficiencies that the factory gets by, say,
       | parallelizing work on the sleeves of a jacket, while other parts
       | are also worked on. _But_ each batch of dyed outer material may
       | have slight variation in color, no matter how hard they
       | calibrate.
       | 
       | So, their processes are designed to ensure that, when the jacket
       | pieces come together, they all came from the same dyed batch of
       | outer material.
       | 
       | (There were many interesting tidbits like that, and those were
       | just the ones relevant to us, in terms we could understand. I'm
       | sure the factory also knew a million other things.)
       | 
       | Probably the Soviet shoes of TFA had worse problems than slightly
       | mismatched color.
        
         | gmueckl wrote:
         | I remember my mum (tailor) telling me that even different
         | sections of the same roll of cloth wouldn't match color
         | precisely enough on many rolls they worked with. Colors are
         | deceptively hard.
        
           | neilv wrote:
           | Interesting. This factory might've also had to dealt with
           | that degree of variation. IIRC (unless I'm thinking of a
           | factory for a different customer), their processes include a
           | per-unit container that moves through the production line,
           | and the container starts with various materials that will go
           | into that unit. So I guess that's one way they could ensure
           | that all the outer fabric came from the same part of the same
           | roll.
        
       | DrOctagon wrote:
       | See also VO2 max
        
       | layer8 wrote:
       | Tangentially, I think the mostly attribution-free discussion
       | style of the C2 wiki has some merit. It's nice to read opinions
       | and contributions on a topic without the cognitive noise of
       | associated user accounts and reaction counts.
        
         | ndileas wrote:
         | I do sometimes get confused when reading it, since the markers
         | for main post, replies, etc are not super intuitive to me.
         | Feels like a stereotype of a multiple personality disorder
         | before you figure it out.
         | 
         | Is there a guide for the markup somewhere?
        
       | mig39 wrote:
       | > All features as found on the specification are included, but
       | the user interface is awkward. The vendor can claim, "we have all
       | the features you need; thus, pick us."
       | 
       | Describes every Enterprise software I've ever used.
        
         | MobiusHorizons wrote:
         | with one key difference that the people doing procurement only
         | have the spec sheet, and never actually use the software. They
         | also frequently never actually interact with any of the humans
         | that do use the software, and have formed an opinion that
         | "those people only ever complain whatever we buy". So there is
         | never any feedback cycle pushing the software to be better.
        
         | bruce511 wrote:
         | It's a nice anecdotes, and maybe that works in some places, but
         | in my experience selling to Enterprise, software quality is
         | pretty low on their check list.
         | 
         | Generally speaking, they're more concerned with the supplier
         | than the product. Yes, it must (generally speaking) meet their
         | requirements, but its also important that they -believe- the
         | supplier can roll it out, and will be around in 10 years still
         | supporting it.
         | 
         | In other words Enterprise doesn't just want software. They want
         | a stability of supply, so suddenly they're looking at things
         | like Support levels, customability and so on.
         | 
         | "You never get fired for buying IBM (a reference likely lost on
         | you if you're a bit younger than me) wasn't about quality, but
         | about longevity.
        
       | nine_zeros wrote:
       | My last company started stack ranking people on number of GitHub
       | commits - as if each commit is equivalent and the only thing that
       | mattered is the quantity.
       | 
       | Soon enough, we started seeing lots of politics, cutthroat
       | environment, management pressure, management meetings looking at
       | dashboards of commits, stack ranks, PIPs and firings, but also a
       | significant rise in the number of commits.
       | 
       | One year later, commits metric won. But the business lost
       | customers tired of buggy software.
       | 
       | You got what you measure but quantity does not substitute
       | quality.
        
       | asdasdsddd wrote:
       | This has been talked about endlessly so why don't we skip to the
       | conclusion. To avoid the problem of gaming metrics you either
       | need to
       | 
       | 1. Spend a lot of time and thought into developing
       | ungameable(whether this is possible is unclear) metrics and ways
       | to measure these metrics.
       | 
       | 2. Admit defeat and not be transparent with evaluations and/or go
       | off of vibes.
        
         | sdwr wrote:
         | 3. Align incentives of the judges and the judged, reducing the
         | pressure on metrics (ex. shared fate, belief in the cause,
         | personal growth and fulfillment)
        
           | falcor84 wrote:
           | I don't think this is possible. In a sufficiently large
           | organization, however much you try to prevent it, some
           | employees will be "psychopaths" (going by Hintjens's
           | definition) looking to game the system. Whatever the metrics
           | are, they will put in only enough effort to advance their own
           | interests, and assuming they succeed (and at least some will)
           | at getting raises/promotions, the org is then at risk of
           | (legitimate) legal action from other employees who put in
           | more actual work and get lower compensation.
        
             | asdasdsddd wrote:
             | It's not even that there are pyschos, it's that incentives
             | wane with scale because individuals have less control over
             | outcomes.
        
             | s1artibartfast wrote:
             | That is still an alignment problem. Psychopaths can be good
             | for the org, you just need better mapping of the game and
             | reality.
        
           | Spooky23 wrote:
           | This is the answer. The higher performance orgs I've worked
           | for have had excellent incentive alignment and cohesion. The
           | metrics were there, but fairly mediocre.
           | 
           | Places with robust metrics ranged from excellent to meh. One
           | place had a sales team that was owning it, and the leadership
           | was shoveling cash into wheelbarrows. But the company was
           | losing a fortune because the sales metrics were precisely
           | stupid.
        
         | nine_zeros wrote:
         | Or - stop with the evaluation nonsense and utilize your energy
         | into pushing business goals. Metrics should be used to inform,
         | not as targets.
        
         | bruce511 wrote:
         | You get what you measure. Measure what you want to get.
         | 
         | So first be _really_ sure what it is you want to get.
         | 
         | What you want to get will be hard to measure. Accept that as
         | truth. However accept no proxy measures.
         | 
         | Measure _only_ the specific outcomes you want.
        
       | amai wrote:
       | I can recommend the book Red Plenty, if you want to learn more
       | about the successes and failures of Soviet economy:
       | 
       | https://chris-said.io/2016/05/11/optimizing-things-in-the-us...
        
       | myflash13 wrote:
       | This principle, as well as related principles, like the McNamara
       | Fallacy and Goodhart's Law essentially boil down to one lesson
       | I've come to realize in life: "numbers", "metrics" or even a
       | "system" are never a substitute for actual humans caring about
       | doing the right thing. If the humans involved care to do the
       | right thing, they will do it, even without a system (although
       | some systems make it easier). If they don't care about doing the
       | right thing, no system or data-driven approach can fix that.
       | 
       | Which is also why I have a sneaking suspicion that most economic
       | theory is complete bullshit. All the debates over privatization
       | vs. public services, monopoly vs. competition, autocratic vs.
       | democratic styles of leadership etc. are mostly irrelevant. Both
       | can work. It all boils down to whether you have good human
       | stakeholders who have the integrity and agency to do the right
       | thing. Counter to most economic theories, for example, a monopoly
       | that is run by people who actually care about doing the right
       | thing might be better run than fiercely competitive startups who
       | just want to make a quick buck.
        
         | s1artibartfast wrote:
         | >Which is also why I have a sneaking suspicion that most
         | economic theory is complete bullshit. All the debates over
         | privatization vs. public services, monopoly vs. competition,
         | autocratic vs. democratic styles of leadership etc. are mostly
         | irrelevant. Both can work. It all boils down to whether you
         | have good human stakeholders who have the integrity and agency
         | to do the right thing.
         | 
         | I don't think this is some gotcha, but basic economic
         | understanding for at least the last hundred years.
         | Fundamentally, much of economic theory acknowledges these
         | questions. This brings you full circle, given inconsistent
         | humans with individual values, how do different systems and
         | rulesets perform.
        
       | pftg wrote:
       | This reminds me of a brilliant Soviet satirical cartoon that
       | illustrated the same principle with hats instead of shoes:
       | https://youtu.be/gSpjDi2BrQk?si=CtJwQTHkm0HfNrxx
        
       | msarrel wrote:
       | In Soviet Russia, shoe principles you
        
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