To me, there is little difference between the stock market, prediction markets and horse betting. I just don't believe speculation is necessary to a healthy eco

To me, there is little difference between the stock market, prediction markets and horse betting. I just don't believe speculation is necessary to a healthy economy, and often ends up hurting millions accross the world in the "burst" phases of the cycle. Also, I don't think we should model our economies and societies after actual jungles. Let's strive for a system where everyone gets enough instead of chasing perfect efficiency and leaving a large part vulnerable to be crushed by any moderately strong wind. > This is the myth of central planning. Like, yes, if you could predict the future this would be better. But you're always going to be constrained by your leadership's assumptions about what the world will look like. It works–sometimes fabulously–until the context changes. A new technology. A new climate. A new idea. Then the system, overoptimised for the past, reveals itself as the brittle thing it always was. I am not advocating for central planning or any form of communism. I'm just noticing that nowadays, it takes remarkably little for things to go horribly wrong, and we ought to address that somehow.