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To be clear, "efficiently allocating human potential" does not mean "everyones does whatever they want". First, because your own tendencies may stand in the way of self-fulfillment. Second, because self-fulfillment is just one side of the equation. Society is the other side.
The fact that we're terrible at solving this is not an intrinsic flaw of markets as an abstraction. Those are actually great. It's all about our current implementation of them. Which follows a flawed value system.
Will u be able to give a concrete example?
For one, I think high school education get poor allocation, in US or Canada.
I often wonder how the market would rebalance itself if employers had to pay enough to convince people to take jobs for discretionary spending, rather than for survival (i.e. with UBI). The market doesn't recognize values because participation is involuntary.
You have to have a certain level of material achievement for this to be a problem. At which point the markets should recalibrate. We’re currently at the indeterminate period of contradiction and absurdity before they do. (Often these do not proceed smoothly.)
It is not an intrinsic flaw, because there is no such thing as an intrinsic property of the market. It is all superimposed on the concept. Is it possible that capitalistic markets, the way they have performed and do perform, is an indication of the potential the system has?
Please elaborate how better implement markets IMHO: -Producer values money: adjust to consumers -Consumers: rarely driven by values (except donations), but by appetites, usually w/ biological basis Ape ⊒ Human ⋢ Robot The rest: Transaction-based markets require value capture
You lost me on this one. The flawed value system you mention is a result of intrinsic flaws of the market abstraction, not our current implementation. The design is the issue. If you truly care about this, read 'The New Human Rights Movement'
Isn't this more or less the point of marxist dialectic? Either way, agreed, markets are destroying our values.
A few points: *An abstract system of fair measure, as all abstraction, is cheatable & it is the cheating making the measure unfair. The Tech software ind. has been cheating users for many decades, preventing the users from doing what the users should be able to do for themselves.
I see where you are leading this. It is to treat people like robots tell them not only how to live but it is what they want. How I know this: It's the Software industry cheating users preventing good beyond what the software ind. is capable of imagining due it's $$$ blindness.
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