What would the enlightenment look like if it took game theory into account? That's what I want to build.
-
Show this thread
-
Replying to @RokoMijic @RokoMijicUK
Capitalism with taxes on negative externalities and government subsidies to pay for public goods.
5 replies 0 retweets 13 likes -
Replying to @JimDMiller @RokoMijicUK
Great idea except now the parasites have a goal of "take over the institution you've created to determine what has negative and positive externalities". A King naturally wants to subsidize positive externalities and tax negative ones because it maximizes the value of his realm.
3 replies 2 retweets 16 likes -
Replying to @CovfefeAnon @JimDMiller
Strongly agree with the first part. King is wrong IMO. Crypto/AI much more likely to be viable for that role.
2 replies 0 retweets 4 likes -
The least you can say for monarchy is that the incentives are aligned. There aren't any national externalities to a King because he owns the realm. If you're going to substitute some kind of crypto enabled replacement you need to replicate that aspect.
3 replies 0 retweets 3 likes -
The incentives aren’t aligned if there is an externality absorbed by other nations, ie polluting a river as it leaves the kingdom, exiling sociopaths, etc.
2 replies 0 retweets 0 likes -
Polluting a river as it leaves the kingdom is a matter to be decided between kings - it enters some other king's territory as well. Same for exiling sociopaths - some other realm has to take them. These are problems that have to be negotiated between parties.
1 reply 0 retweets 0 likes -
Of course, but it’s simplistic to say that ‘kings = aligned incentives’, is all. There are still incentives to be aligned inter-kingdom, and this is not trivial.
1 reply 0 retweets 1 like
Of course it's not trivial but it starts from an infinitely better base. Two kings negotiating exile or river pollution can reach Coasian bargains. Two democratic states with inherent principal / agent problems will use that bargaining as a weapon against internal rivals.
-
-
OK fair enough. Looking back over history it seems to me that democracies, for all their failures, have a better track record of reaching agreements amongst themselves, than monarchies. But I agree that’s open for debate.
0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.