I was being unclear. I mean even if the machines are scrapped or whatever, they (their value or what you wish to call it) remain within the
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Capitalist system and as such invariably find their way back as investment into fixed capital to some degree
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Replying to @acczibit @cyborg_nomade and
Varies wildly—e.g. sometimes scrapyards will only take obsolete capital for pennies on the original dollar value.
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Sometimes capital can have negative net value where one must pay to have it removed or demolished.
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Replying to @mfckr_ @cyborg_nomade and
The processes you are all describing are still within the ecosystem of capitalism. Where does the money you pay to scrap them go? Etc.
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Theres no meaningful effect as I said. It has all been accounted for. The owner is fungible. He can cash out but it has no meaningful effect
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Replying to @acczibit @cyborg_nomade and
You appear to be another who doesn't grasp opportunity cost. This is a very curious phenomenon to me.
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Also odd that you regard capital owners as interchangeable units with no operational difference in business acumen or market insight.
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Not at all. Capital selects for competent agents. Humans still top options, at this point.
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Replying to @Outsideness @mfckr_ and
If you had to pick an analogous optimization heuristic, would capital be most similar to a memetic algorithm?
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Memetic algorithm (your coinage?) is a trial-and-error, Darwinian cultural evolution engine? Sounds right.
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Replying to @Outsideness @mfckr_ and
Did not coin. Memetic Algorithms are inspired by Dawkins's meme. It allows for divergent optimization/"learning".
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Replying to @Maiorum_Umbris @Outsideness and
I'm studying this stuff. Would love to understand capitalism in its algorithmic form.
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