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As long as 2/3 of all individual actors are honest, consensus can always be reached. Capitalism acts as a consensus mechanism that solves for efficiency and pr
by lawrenceyan 4y ago
As long as 2/3 of all individual actors are honest, consensus can always be reached.
Capitalism acts as a consensus mechanism that solves for efficiency and productivity. To your point, though your take is cynical, it's meaningful to consider the adversarial condition.
In my opinion, what we need is to figure out a mechanism that solves for distribution, which as a byproduct also will solve for well-being (key point: and will be robust even under adversarial conditions).
- AstralStorm 4y agoThe problem is that it is based on economic efficiency and productivity, which both escapes from material means and strives to maximally exploit people, potentially ending in one or another kind of a trap - a global minimum of human life quality for most of the people, as there's no profit to be had in getting it higher; or conservatively limiting research that would be threatening to capital owners. (Death of start-ups, ownership of science.)
- lawrenceyan 4y agoI think realistically having a high “global minimum” is all we can really achieve that’s sustainable in the long term. I’ve thought about it quite a bit, and though there’s a certain sense of satisfaction in wanting to bring down the elite / establishment, it doesn’t actually solve anything from the perspective of helping the average person.