Communism is fueled by ressentiment, capitalism is fueled by envy. In a free market, it's possible to choose happiness & success, and create value in a positive sum game if you aren't envious or resentful. Most fail to practice this, because they're consumed by mimetic rivalry.https://twitter.com/MimeticValue/status/1030350663383797760 …
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Thiel applied mimetic theory to make his businesses work. In Zero to One, he says that good capitalism is the opposite of competition. When you have a unique advantage, you have a monopoly, so you aren't trapped into games of mimetic rivalry.
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What happens when your unique advantage is being unethical? (big tech seeing this transition now) I suppose in a free market, an industry is free to degrade from an ethical new product monopoly, to an unethical competitive industry, which inspires a new ethical product monopoly.
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Unethical businesses are fragile. They collapse under scandals eventually. And the more unethical, the faster they fall.
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The tragedy is that their entrenchment seems to outlast relative human lifespan.
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The problem is collusion and bailouts.
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Always a question of time scale... but Cooperators always win in the end. https://ncase.me/trust/ (h/t
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This is a good one.
@ncasenmare
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