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> which favors distributed decisionmaking: [...] price Seeing as the top 10% hold over 60% of the wealth (in the US, globally we have a dozen people with as mu
by andrepd 4y ago
> which favors distributed decisionmaking: [...] price
Seeing as the top 10% hold over 60% of the wealth (in the US, globally we have a dozen people with as much wealth as the bottom 50%), I don't see how this follows.
- groestl 4y agoWe still arrive at concensus based on a (more or less free) market. Weights on this market are heavily skewed to the top, that's true. And as I said, democratic votes also don't exactly live up to the cultural standard that we at least say we have. But in general, we're very far away from a planned economy.
- enraged_camel 4y agoThe market may be more or less free, but the distribution of information is not equal or even. That is one of the most important factors that prevent actors from making efficient decisions.
- refurb 4y agoI'm not sure how saying 10% of people control decision isn't distributed decision making.
- paulryanrogers 4y agoIf the trend is more and more concentration of control then that can be concerning. And concerning even if still technically distributed until the moment when there are only 2 people controlling 100% of the resources, in a world of billions of people.
- bawana 4y agoIn other words, as capitalism succeeds it tends to favor transformation into a tyranny (communist?)