3 ms·
You would have to expand on the math part but I think I agree. Like any system, economic systems have the potential to collapse to a vacuum state (which is big
by hackable_sand 2y ago
You would have to expand on the math part but I think I agree.
Like any system, economic systems have the potential to collapse to a vacuum state (which is big bad in this context). The practical solution is an alignment of incentives and goals.
How do we work towards an economy and social structures that are fault-tolerant at an abstract level? Can failing economic systems achieve stability by merging with upstream principles of provable market dynamics?
This paper is interesting: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5051728/ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5051728/
Although I think it needs much more research in economic theory.
People take advantage, commit violence, organize at a high level to constrain market dynamics. The free market is largely a myth to begin with. Can we open gateways to participation by liquidating or distributing assets in a non-violent way?
Maybe we can invest in non-tangible assets such as life-expectancy or a happiness index. Maybe we can steer existing markets towards longevity and away from short-term profit extraction.
The potential is huge, but risks destabilization and unknown reformation. Unions seem like a great solution in the US economic system. We're in for an exciting few decades.