Good thread. I note that "socially trapped priors" only exist in social - not market - spaces If everyone believes that you can only cut one 2x4 out of a tree, and you believe you can cut 100 out, in a market economy, you can just do it, make profits, and drive fools out of bizhttps://twitter.com/PsychRabble/status/1460591504502804486 …
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4/ Far too often, tho, this works in reverse, where leftists infiltrate market-mechanism aspects of the economy and turn them into social-mechanism forms.
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5/ 19th century thinking: monopolies are bad because they raises prices on the little guy 21st century thinking: monopolies are bad bc they create the precondition / single point of failure for social mechanism groups to take over territory
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