Libertarian Economic Logic (chart attached)
jamesd at echeque.com
jamesd at echeque.com
Thu Sep 19 13:26:56 PDT 2019
Again, the Bessemer process for making steel:
Bessemer found a way to make large amounts of good steel cheaply.
He tried to sell his way to other steel makers, selling his method and
his advice.
They tried to follow the Bessemer process, and they failed. Their steel
was crap. They were pissed, and blamed Bessemer.
In the end, the only way that worked was for Bessemer to grow his
business and train steel making engineers under his command and authority.
More information about the cypherpunks
mailing list