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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2/ In academia or government etc if you believe that AGW is not a threat, or that nuclear energy is good, or that race is real, or that 'g' predicts almost everything, or that diversity leads to lower social trust ... there's no way to go long your idea and short the C.W.
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3/ SpaceX is an example of someone using the market mechanisms to defeat social mechanism ... which only worked bc there actually was a market for what was being provided via social (government) mechanisms.
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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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