underscored

@underscored

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Tag:comparative-advantageClear

Even if one country is better at making everything, it doesn't have a comparative advantage in everything. That's impossible. Every country has a comparative advantage at something! That's why in the theory of comparative advantage, trade is balanced. In the real world, China's massive trade surplus means that trade is not balanced; much of the time, China isn't trading goods for other goods, it's trading goods for IOUs.

Noah Smith
1w ago

But as AI becomes more and more agentic — as we turn over more complex and longer-lasting tasks to intelligent machines — it's going to be harder and harder to keep them aligned with what humans actually want. And if there's one thing humans will always have a comparative advantage at, it's knowing what we want.

2w ago

Underscored — save the words that stop you in your tracks.

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