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Once they've found the perfect capital allocation algorithm to replace markets, they can work on the perfect policy calculating algorithm to replace democracy
by jameslk 8y ago
Once they've found the perfect capital allocation algorithm to replace markets, they can work on the perfect policy calculating algorithm to replace democracy
Edit: /s
- UncleEntity 8y agoI think they will never find the perfect capital allocation algorithm or solve the economic calculation problem. There's just too many self-interested market actors to possibly be able to predict what their future wants will be to throw out the function that the entrepreneur provides, those who predict future wants correctly make money and those who don't lose their investment. Unless, of course, all they want is a static model of current consumption at the expense of human progress.
- jameslk 8y agoI'd be more concerned about the potential conflict of interest having such algorithms control major functions of other's lives. My post was meant to be sarcastic, however I'm getting a lot of downvotes, so perhaps the sarcasm wasn't clear.