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It turns out that resource allocation tuned to maximize value outperforms resource allocation tuned for fairness in terms of material standard of living.
by closeparen 8y ago
It turns out that resource allocation tuned to maximize value outperforms resource allocation tuned for fairness in terms of material standard of living.
- openfuture 8y agoIt turns out that 'value' as defined by central banks treats the enslavement of the species as more valuable than the survival of the species.
- closeparen 8y agoCentral planners don’t get to define value... that’s the point.