- Well, that's a bit asocial, now, isn't it? Prestige, popularity, respect, glory.
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those are all cultural feedback variables on consumption side, not economic feedback variables on production side
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- Bollocks. And the production/consumption binary is a product of the second half of the twentieth century.
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:) I assert an artist consuming dollars/pounds/bitcoin and adding value in "earned whuffie" is not feedback loop.
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Are luxury, novelty, and status enough to incentivize hard work? Anecdotal evidence of debt-ridden yuppies says "yes."
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I made that point in 'You Are Not an Artisan' as 'conspicuous production' ribbonfarm.com/2013/07/10/you
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If a line of work becomes too unsexy, demand outstrips supply, making it more lucrative and therefore sexier.
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Worrying that sexiness will decouple entirely from economic value smacks a bit of "kids these days" -style alarmism :-P
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most offenders are mid-life crisisers rather than kids actually. Kids seem saner overall than 35-50 set.
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Maybe a UBI should be more like a dividend: a fraction of previous year's per-capita GDP. 1 person, 1 vote, 1 share.
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If you're running net surplus like Alaska, sure. I like that much better than vanilla UBI.
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For now I can't intellectually justify UBI and its various flavors either, but my gut sense of probabilities is inverse to yours :)
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