I’m fundamentally sympathetic to capitalism but if I had to make a critique, it would be: it institutionalizes an unrealistically cynical view of human nature, rendering idealism unreasonably ineffective and self-defeating
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A flat, fixed interest rate implies an exponential curve of obligate returns. Nothing in the physical world maintains an exponential curve, except nukes and bacterial infection. 40% of US GDP profits go to resource allocation jobs, that try to *increase* the rate of return.
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You are not good at economics and many other sciences. Scientists without humility about things where they know nothing are a danger to society.
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We already have a word for runaway growth predicated on optimizing for a local maxima independently of the well-being of the host system: we call it cancer.
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classical market theory is superb for physical goods and services, but absolutely terrible for information-based economies "intellectual property" needs to go, or face some serious core refactoring; copyright/patent length should match speed of cultural information transfer
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This one is pretty close to the mark
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It's the paperclip-maximizer AI everyone is worried about, just at a human-generational timescale.
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