4 ms·

There is a guy on the other side of that transaction who would capture that surplus value.

• svnt 4y ago
  This assumption promotes the behavior and at the same time assumes everyone in the room is playing for the same ultimate incentive. The problem is a self-reinforcing positive feedback loop. It seems that only if you can avoid (or want) a tragedy of the commons should you solve that by introducing more self-reinforcing feedback loops.
  • Ferrotin 4y ago
    The feedback loop here isn’t a problem. It’s what incites production.
    • svnt 4y ago
      I disagree. It’s the poverty trap that incites production.