Pencils here are a bit like grains. The market works for them because they fall ... | Hacker News

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		gf000 4 months ago \| parent \| context \| favorite \| on: What makes 5% of AI agents work in production? Pencils here are a bit like grains. The market works for them because they fall into such a niche that economic "laws" works there. But it's a fallacy to apply it elsewhere and there are millions of examples where the free market failed to optimize a product.

philipallstar 4 months ago [–]

I don't agree. Loads of things are like this. Cars, microchips, hard drive storage, monitors, TVs, laptops. All either much better than they used to be, or much cheaper, or both.

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