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It's a faulty analogy. In fact, a paperclip maximizer goes against every single principle of capitalism out there. The paperclip maximizer is bad exactly becau
by plutooo 11y ago
It's a faulty analogy. In fact, a paperclip maximizer goes against every single principle of capitalism out there.
The paperclip maximizer is bad exactly because it isn't based on capitalism; it will maximize paperclips regardless of whether someone values them or not! At _any cost_, it will maximize paperclips.
Markets, on the other hand, have the goal of providing products/services that people are willing to pay for. It adapts. The more people value it, the more capital it will attract, and the more resources will be allocated to it.
- irln 11y agoYou've identified one of the key defects in capitalism today...the disconnect of a "true" market where value is measured by folk's willingness to pay for things.
- plutooo 11y agoSo, the problem is not enough capitalism? ;)
- irln 11y agoNot more capitalism :), just determining a better way to manage the money supply then a few folks on the board of central banks. If we could somehow connect an increase or decrease of the money supply to a classic market definition (e.g. people buying and selling) I think it would make a very positive impact to everyone.