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Unread 26 May 2008, 17:50   #1
All Systems Go
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Economic Efficiency
When people talk of economic efficiency, do they mean any more than the cheapest way to do something?

For example, designing clothes in the UK, having them made in China and shipped over to the UK may be cheapest but it is only in this sense could you possibly call it 'efficient'.

Not only does it take longer, but uses more resources.

Whilst I'm aware I've just answered my own question, I'd like to know what other think.
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The 20th century has been characterised by three developments of great political importance. The growth of democracy; the growth of corporate power; and the growth of corporate propaganda as a means of protecting corporate power against democracy.
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