People want to believe in futures marked by active agency and willful action, but sometimes the desire for willful action is wishful thinking. Institutionalists want to create new institutions. Marketists want to give markets time to operate. Militarists want to shoot people.
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But if you have a preferred outcome entropy would suggest this approach is the least likely to work
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There is no "work". Your problems don't have to get solved. They can just be replaced with new problems, and certain constituencies might simply die out without their problems ever being solved.
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How is this differentiated from a market?
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Markets have rules and participants, as well as defined exchanges
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This is an interesting point, but i am not sure I understand the difference between ‘extended chaos’ and ‘markets’. Isn’t the creation of a new equilibrium base line by the chaos of people moving/voting with their wallets the same action vector as that of a market?
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To me "extended chaos" means actors have a whole lot of new moves available beyond just buy and sell. For example: rape, murder, theft, extortion, genocide, blackmail, enslavement, mass addiction, ...
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For a considerable number of problems and situations, doesn't 4 simply mean more disorganized (not in a good sense), brutal, and truly destructive versions of 1, 2 and 3? Smashing a million eggs in hope that an omelette may somehow emerge
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“Laissez-faire was planned, planning was not” — Polyani. Markets in practice assume more institutional structure not less. Courts to enforce contracts, rule of law, stable monetary system, Foreign trade being enabled, sovereign bonds not being junky.https://twitter.com/mrsallee/status/1193988973653196800?s=21 …
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A big misconceptions of free-market ideologues is that markets are some sort of natural space that expands endlessly as institutional spaces contract. A “natural” market based on informal commerce unlinked to state-organized commerce would be a fraction of the size.
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