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The problem is that these markets allow to translate political power directly to money. Worse destructive events are rare, need a lot less action (butterfly eff
by heisenbit 7mo ago
The problem is that these markets allow to translate political power directly to money. Worse destructive events are rare, need a lot less action (butterfly effect) and leave thus less traces and command high odds. Once committed the ones in power have a vested interest in causing destruction.
- kqr 7mo agoCapitalism took care of the exchange between money and power long ago. Prediction markets, as terrible as they are, are peanuts in comparison.
- jrexilius 7mo agoyes, because the last century of communism showed that it was really just capitalism where centralized power corrupts..
- throwaway_7274 7mo agokqr didn't make that claim