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>>Economically valuable work is done when individuals have an incentive to do it. The acquisition of proprietary knowledge is one such incentive to do valuable

>>Economically valuable work is done when individuals have an incentive to do it. The acquisition of proprietary knowledge is one such incentive to do valuable work. Without privacy, there are far fewer opportunities to generate proprietary knowledge. I don't really believe that is all true. Grunt work is done for the requirement of survival. The work where a person helps produce discoveries by an academic research life happens to not be rewarded financially from what I've observed. The people in history that have paved science to what it is today, have all had some passion and with not really receiving much besides fame. Also when does it stop being a rush to push society a little forward for all the time lost? Do people deserve more leisure than work hours in our lifetime. Lastly the surveillance system I envision technologically possible makes criminal action impossible for any benefit in the society of such an open system of observation towards others in the system. Anyway thank you for the time put into your reply. Interesting to read.

CryptoPunk 8y ago
>>I don't really believe that is all true. Grunt work is done for the requirement of survival. I mean the work of creating and expanding businesses, aka generating capital. If I put in work creating a new health food stand, and my competitors can easily see that I'm successful, and therefore worth copying, and then easily see who my suppliers are, how I do research on what items to add to my menu, then my competitive advantage diminishes significantly, and I will be less likely to do the work of creative entrepeneurship required to increase the diversity of goods/services offered on the market. I recommend reading up on Paul Romer's work on the role of knowledge in productivity, and how mundane business development adds to it, which he won a Nobel Prize for: http://pages.stern.nyu.edu/~promer/Endogenous.pdf http://pages.stern.nyu.edu/~promer/Endogenous.pdf

CryptoPunk 8y ago

>>I don't really believe that is all true. Grunt work is done for the requirement of survival. I mean the work of creating and expanding businesses, aka generating capital. If I put in work creating a new health food stand, and my competitors can easily see that I'm successful, and therefore worth copying, and then easily see who my suppliers are, how I do research on what items to add to my menu, then my competitive advantage diminishes significantly, and I will be less likely to do the work of creative entrepeneurship required to increase the diversity of goods/services offered on the market. I recommend reading up on Paul Romer's work on the role of knowledge in productivity, and how mundane business development adds to it, which he won a Nobel Prize for: http://pages.stern.nyu.edu/~promer/Endogenous.pdf http://pages.stern.nyu.edu/~promer/Endogenous.pdf