“Good health is merely the slowest possible rate at which one can die.” — unknown “Good markets are merely the slowest possible rate of political failure” — me
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By which I mean extra-market competition via PR or hostile regulation designed to shrink/scuttle rather than regulate sustainably. Basically political ends cannot be achieved via market means. Markets will always be too late for that, though they can be very fast in other ways.
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This is one reason why market fundamentalism and political conservatism get along so well. Political conservatism assumes by default that things that exist should continue existing as long as possible, even at the expense of choking the new. Lindy effect as normative principle.
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Getting enough political control authority to “steer” markets is exactly the same problem as governing AIs. Not just an analogy. I suspect you could reduce both to the same technical problem.
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End of conversation
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