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We are quite lucky that slavery dosen't work out then, but there's nothing to say future innovations won't change the calculus that slavery wins out in opportun
by corimaith 2y ago
We are quite lucky that slavery dosen't work out then, but there's nothing to say future innovations won't change the calculus that slavery wins out in opportunity cost compared to other activities. What would you do then?
Besides, the long term incentives for Climate Change or Global Trade Balance or Housing Prices might align, but the short term often dosen't, and greedy very much then can walk down the path to their own destruction. Greed can't solve the Prisoner's Dilllema.
- roenxi 2y ago> Greed can't solve the Prisoner's Dilllema. I'm not exactly sure what you mean, but greedy people can easily solve the iterated prisoners dilemma. Everyone cooperates. You get the Nash & global equilibrium where everyone maximises their long term outcomes. A classic "greedy" strategy wouldn't work, but greedy people don't usually choose that strategy because it is naive and the point is to end up well off.
- corimaith 2y ago"Greedy" people sacrificing their short-term, even their generational self interest for the long term doesn't looks like to me that it fills in the conventional definition.