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Super interesting, and a not just a bit worrisome. I was reminded of how some ancient societies had periodic forgiveness of debts, perhaps one limited form of r
by malloryerik 11y ago
Super interesting, and a not just a bit worrisome. I was reminded of how some ancient societies had periodic forgiveness of debts, perhaps one limited form of redistribution, though as we all know most societies historically have been made of a small wealthy minority lording over a mass of the poor...
The "transactions" might not have to be purely monetary for things to work out this way. We could include interactions where the winner gets privileges and status, later to be translated into economic wealth.
Btw Jupyter Notebook is so cool for things like this.
- meric 11y agoWe still have debt forgiveness. It's called chapter 11 and bankruptcy. We still a wave of these every few years or so. The Asian financial crisis, dot com bust, GFC, and the latest wave of commodity producers going bust, are all prime examples of mass forgiveness of debts.