@pmarca Maybe, yeah. I think interesting question is whether any circumstances will yield something analogous to Braess's paradox.
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@pmarca (Sachs is by no means oblivious to Luddite fallacy or to potential benefits.)pic.twitter.com/ftI7jgULQw
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@pmarca (I just queued to read; no particular endorsement.)Thanks. Twitter will use this to make your timeline better. UndoUndo
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Surely there's a point at which the intelligence & cost of machines returns better than human labor.
@pmarcapic.twitter.com/aQ3M1UGnfQ
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@ben_mathes@patrickc@pmarca elaborate on "countervailing forces"?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ben_mathes@patrickc@pmarca Still too abstract. What qualitatively new phenomena occur at X level of relative capital concentration?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ben_mathes@patrickc@pmarca I get conceptual argument. Just don't yet see an example like "above 43% wealth for top 1%, locusts appear"Thanks. Twitter will use this to make your timeline better. UndoUndo
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@ben_mathes@patrickc@pmarca to me change in kind is unprecedented economic dynamics for first time in human history. Plutocracy ain't itThanks. Twitter will use this to make your timeline better. UndoUndo
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@ben_mathes@patrickc@pmarca example: in robber baron era, generalized unions replacing specialized trade guilds was a (then) new dynamicThanks. Twitter will use this to make your timeline better. UndoUndo
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