If you look at history, “business” effectively evolved out of cultural kin selection. Powerful clans looking out for themselves against monarchs and peasant masses etc. Capitalism just shrank the unit from >3 generations extended family to <3 generation nuclear.
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Not just brand equity, but regular equity could get absorbed by this scheme. You wouldn’t need a stock or bond market. Every transaction would be an implicit stock/bond tx as well. No need to bolt on a bottleneck long-term memory capital market onto amnesiac transaction market.
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Flatten market governance and make it coextensive with the market itself. Kill the gods of “interest rates” and a financial market system that sits like a heaven above the earthly basic transactional goods/services system.
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Afaict even the wildest blockchain or blockchain-like schemes don’t go this far. It’s a weird design, effectively turning the economy into a Hebbian deep learning system or something.
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A lot of this is probably wildly flawed but the base insight I’m trying to work out is “not all planet scale emergent computing systems are equally powerful and expressive” Pre-modern global economy = 1 Modern = 3 Climate system = 5 Biological evolution = 6
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The modern economy hasn’t had a design refresh since approximately the 1600s. We’ve just twiddled some knots and settings.
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End of conversation
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