I am wholeheartedly committed to the idea that the right system of incentives can solve the problems of civilization. If only someone was incentivized to properly design and operate such a system.
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The absolute ruler\owner has such incentive. Also he has the power necessary to implement his design. Getting closer to reality at hand we are going to re-invent patchwork one way or another.
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Historically this has not been true, as shown by all the systems that failed to persist past the death of their absolute ruler.
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