I'm a big squishy sellout liberal when it comes to the concept of IP -- I think that, for all its flaws, unilaterally abolishing it under the current system will only hurt creative workers and artists But "fiat" IP is *limited*, it has *exemptions*, and it *expires over time*
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It's the most obvious fucking thing and you trying to be nice to the original cash hoarder and, like, stand up for him and say "He's not being selfish, he's rationally responding to uncertainty!" doesn't *change* any of this
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It's just the econ version of the Lifetime movie shit about how being afraid of commitment is a self-fulfilling prophecy -- if you never commit to a relationship then you will never ever find a relationship worth committing to, because *you are a member of that relationship*
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Seriously interested in this. Isn't it obvious that people will start spending once they've hoarded enough to feel comfortable? Sitting hungry on a pile of cash doesn't sound very humanlike to me. Total production will be lower ofc, but so what? So will CO2 emissions then...
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It's a collective action problem (same kind of thing as the Prisoner's Dilemma) All of us may recognize that a recession is bad for all of us, all of us may be "hungry atop a pile of cash", but the economy as a whole doesn't start working again unless we all coordinate
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