"Technology is just a tool," and "markets should serve humans" are propositions that emerge from unexamined, uncritical, self-important anthropocentricity. The artificial world is vastly more emergent than we think. It needs to be studied, understood, and related to like nature.
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The standard unit of global finance is not a global currency - it's national (USD) - this incentivizes "realpolitik" zero-sum behavior since risks can be effectively outsourced whereas gains can be nationalized. The irony is that the gains aren't even being nationalized in 2020.
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@alexdw86 and I made a case for introducing irrational exuberance financialization that the housing markets witnessed a decade ago in order to decarbonize large swatches of the economy.https://yakcollective.substack.com/p/decarbonization-strategies …Thanks. Twitter will use this to make your timeline better. UndoUndo
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This resonated with this recent thread on where money comes from https://mobile.twitter.com/RichardJMurphy/status/1337737606688333826 … I think I agree with you about the importance of financial infrastructure I just think it has very different physics than the current paradigm assumes.
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