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"Decentralized" is not synonymous with "equal" or "optimal".
by FeepingCreature 4y ago
"Decentralized" is not synonymous with "equal" or "optimal".
- bmitc 4y agoThat wasn't my point. The lack of equality means that the very few make all the decisions in this "decentralized" capitalism. The decisions that control and influence capitalism are highly centralized among a comparatively small group.
- FeepingCreature 4y agoIt sounds like you're just saying it's a winner-takes-all system. That's not inconsistent with decentralized decisionmaking. It's a virtue vs consequentialism thing - you can either maximize the amount of decentralization produced, which often requires some centralization to defeat network effects, or you can build systems that act in decentralized ways, which commonly leads to centralization of power due to winner-takes-all effects. Compare recently how the decentralized nature of the internet led to centralization of services.