alt Hacker News>Capitalists claim that this is optimal.
It's more optimal than planned economies until we have AI planned economies with realtime feedback, I guess.
Consumers get cheap goods during oversupply and most inefficient companies get elliminated during bust while consolidation leads to economies of scale.
No this is literally a sign of an unstable system with too high of a gain K.
There is an alternative where legislation dampens this behavior but the short term profits will be lower. Hence the hawks don’t like it.