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> Another is to avoid authoritarian structures because you don’t know a priory which ideas will turn out to be best/right. Hence, you want idea competition and
by AlexandrB 3y ago
> Another is to avoid authoritarian structures because you don’t know a priory which ideas will turn out to be best/right. Hence, you want idea competition and not suppress dissent.
It's important to note that high wealth inequality is an "authoritarian structure" in this respect because a small number of people end up controlling access to the capital necessary to realize an idea.
- andsoitis 3y ago> because a small number of people end up controlling access to the capital necessary to realize an idea. Ignoring the fact that capital isn't static (it is created), do you believe that if there's minimal wealth inequality that we'd see an explosion of great ideas that today aren't realized? If so, how would you account for the natural tendency for money to chase good ideas?
- imtringued 3y agoI don't know why people are obsessed with equity (physical or financial) capital. Capital productivity theories should be rejected on the basis that they fail to consider input materials. The problem with this is that ultimately all value is derived from land or better yet, the universe and the laws of physics itself. Those factors were not created but we can play attribution games and pretend they were.