There's also a wonderful movie on the cave rescue on Netflix which is a good companion to the documentary. Also, the book they are based on by rescuer Rick Stanton - https://www.goodreads.com/book/show/58451132-aquanaut
From an economics perspective the solution is straightforward--price all goods and services according its marginal social cost rather than the current pricing practices which are based on marginal private costs. With the revolution in IT it’s now possible to track and price all goods and services from birth to grave and price them according to their true costs rather than building mountains of unwanted wastelands.
Algorithmic sensor technology in combination with IT is advanced enough to track deltas in the value chain without making heroic assumptions regarding “true costs.”
I would imagine a lot has to do with your own hierarchy of values. When making choices between the four, I look at maximising value for myself. If I'm saving a large chunk of my income, I don't fret about my consumption. Investment is a must; giving away, optional. Always happy to do it for people I care or causes I espouse.
I realise that the balance between these four is changing / will change as my hierarchy of values change. I am veering towards consuming less and embracing simplicity. It has an intellectual appeal. What I don't accept is a 'duty' to consume less or give more.
There's also a wonderful movie on the cave rescue on Netflix which is a good companion to the documentary. Also, the book they are based on by rescuer Rick Stanton - https://www.goodreads.com/book/show/58451132-aquanaut
From an economics perspective the solution is straightforward--price all goods and services according its marginal social cost rather than the current pricing practices which are based on marginal private costs. With the revolution in IT it’s now possible to track and price all goods and services from birth to grave and price them according to their true costs rather than building mountains of unwanted wastelands.
Measuring social cost will require a whole range of assumptions, and the 'true' cost will remain elusive.
My larger concern with such a process is that it falls squarely in the realm of top-down pricing, whose track record warrants scepticism.
Algorithmic sensor technology in combination with IT is advanced enough to track deltas in the value chain without making heroic assumptions regarding “true costs.”
I would imagine a lot has to do with your own hierarchy of values. When making choices between the four, I look at maximising value for myself. If I'm saving a large chunk of my income, I don't fret about my consumption. Investment is a must; giving away, optional. Always happy to do it for people I care or causes I espouse.
I realise that the balance between these four is changing / will change as my hierarchy of values change. I am veering towards consuming less and embracing simplicity. It has an intellectual appeal. What I don't accept is a 'duty' to consume less or give more.
The leader of the boys in that Cave Rescue documentary died recently in the US, it came in the news. What a shocker that was... :-(
Oh dear,
Didn't know that.