personally I think not, but there does seem to be an interesting alignment between u/acc and some aspects of technocratic liberalism here
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Replying to @_Vimothy_ @EBBerger and
markets are a selection mechanism, the efficiency trend is merely an effect of that.
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Replying to @cyborg_nomade @EBBerger and
an accidental or inherent effect?
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Replying to @cyborg_nomade @EBBerger and
So the existence of the market guarantees that society is moving (perhaps asymptotically) towards some form of social optimum.
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Replying to @_Vimothy_ @EBBerger and
you can't see the optima if you're not outside the topology. but there's an immanent criteria of selection (which is obscure, but generally understood as "efficiency").
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Replying to @cyborg_nomade @EBBerger and
"efficiency" is an interesting term. in economics the meaning is reasonably clear whereas here thats not the case, it seems much more ... circular
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Replying to @_Vimothy_ @EBBerger and
is there inefficient survival, or (more to the point) efficient non-survival?
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Replying to @_Vimothy_ @EBBerger and
would that be ground to revise what economists usually mean by efficiency? I mean, of an efficient company goes bankrupt, how efficient was it actually?
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perhaps but its a different conception of efficiency - meaning that the market allocation of resources cannot be improved upon. its perfectly possible for inefficient outcomes to occur.
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