You may think you are smart to hold on to a few more GPUs and N95s and ventilators and storage tanks of water, but you cannot know better than the omniscient market. All is for the best in this most financialized of all worlds. Trust the global superintelligent market.
Conversation
It’s an unquestioning sacred belief that attributes magical properties to money flows and assumes no matter what happens it was for the best. Even if it seems awful, you assume you’re merely too dumb to see what the omniscient eye of the market sees.
1
12
And you can’t compare to what *could* have happened. Like ok, you can argue that “free” markets cost 500k lives in the US but also delivered the innovation of mRNA vaccine tech that may save billions of lives in the future, while totalitarian lockdowns save more lives now. But...
1
9
... can you imagine a scenario where we got both? Very few lives lost now, AND breakthrough vaccine tech?
I think so.
But not if you think the only scenarios are a) USA! USA! b) Chinese concentration camps lockdown in Xinjiang c) Fauciocracy
2
15
Money is not special. It’s not magically the best economic computation substrate for all scenarios anymore than totalitarian central planning bureaucracies are. Both are bunches of flawed, limited people making decisions with information not phlogiston or ley lines. No free lunch
2
2
18
Replying to
[bursts into the lecture like a PETA protester] friends are the answer!! a diverse group of friends are the best economic computation substrate for all scenarios!!! [gets dragged away by security]
1
1
21
Replying to
is it this
Quote Tweet
what I think lots of passionate martyrs fail to realize is that the likeliest long-term outcome for anything is ~nothing~. If you start a righteous crusade, lots of strangers will cheer you on– but mostly bc they want *entertainment*. they don't really love you. they'll get bored
Show this thread
1
5

