4 ms·
True, but that doesn't mean we're guaranteed to figure it out every time this happens.
by brandonmenc 10y ago
True, but that doesn't mean we're guaranteed to figure it out every time this happens.
- duaneb 10y agoI think it's unrealistic to think the average human can generate more (or even equivalent) capital than a custom-built robot.
- ArkyBeagle 10y agoDoesn't this devolve to a finance problem? For all that, a rather easy one?
- TeMPOraL 10y agoEasy one? Could you describe it? Also, it may be one with a solution that's easy to state - but not necessarily easy to reach. We can't suddenly change how the economy works - we don't have direct control over it. We can try to transition the current one to the desired future one my means of setting up incentive structures appropriately.
- ArkyBeagle 10y agoIf such a robot reliably makes you .... $10M a year in 2016 dollars and costs $1M to make, that's a trivial finance arrangement - 90 days or less maybe. I don't know what would or could prevent that assuming the ratio and rough magnitude between those two figures. At that point, you'd hope that the pursuit of status would presumably move elsewhere. Engineering incentives is beyond difficult. Many, many of the things people complain about most in the modern economy is due to some crufty legacy incentive-engineering left over from years past.
- ArkyBeagle 10y agoI forget the name of the economist/econ.historian, but he got invited to meet with the Politboro(!) of China. He thought it might be about policy, but they wanted to know about what he knew about why the British government did not fall in the 1870s.