3 ms·
Matt Levine has a half-joking article on whether or not automated trading would one day provide the ultimate fulfillment of Marxism: https://www.bloomberg.com/
by brownbat 8y ago
Matt Levine has a half-joking article on whether or not automated trading would one day provide the ultimate fulfillment of Marxism:
https://www.bloomberg.com/opinion/articles/2016-08-24/are-index-funds-communist https://www.bloomberg.com/opinion/articles/2016-08-24/are-in...
If you believe that AI will get better at allocating capital over time, and that central planners are historically awful because of human flaws (from self-interest to lack of information)... then you might one day reasonably pine for self-driving economies.
Asimov slipped this general idea in some of his stories as well:
https://en.wikipedia.org/wiki/The_Evitable_Conflict https://en.wikipedia.org/wiki/The_Evitable_Conflict
Even if you think this idea is completely silly (there's an argument it is), the Levine article is still highly recommended, primarily because he's not evangelizing so much as just toying with the idea. It's a fun read.