Советские, антисоветские
Aug. 3rd, 2018 09:37 pmWe can think of socialism (S) and capitalism (C) as isomorphic algebras for allocating rival/tangible assets with different rules/institutions, e.g. command vs . market). The C algebra leads to more efficient allocations, i.e. produces higher output. Done.
What happens when assets become intangible/non-rival, i.e. infinitely scalable? Both algebras fail, although in different ways. Smart entities (individuals, companies) capable of appropriating such assets get incredible advantages in winner-takes-all markets. As Peter Thiel puts it, "competition is for suckers."
What happens when assets become intangible/non-rival, i.e. infinitely scalable? Both algebras fail, although in different ways. Smart entities (individuals, companies) capable of appropriating such assets get incredible advantages in winner-takes-all markets. As Peter Thiel puts it, "competition is for suckers."
no subject
Date: 2018-08-05 04:26 am (UTC)no subject
Date: 2018-08-05 05:31 am (UTC)This is as much an advantage as being physically strong, resistant to aggression, or concentrated; a comparative advantage among other comparative advantages.
Your company has a monopoly on your code.
This is the actual problem. If you don't mind, that's what I have been calling "privatization of the number three" since the beginning of our discussion.
I agree this is neither a characteristic feature of "S" nor a characteristic feature of "C".
This is a framework inherited from "AR" ("Ancien Regime").
It's a gross omission that it managed to survive the Bill of Rights.
Without that framework, any advantage in understanding is temporary.
no subject
Date: 2018-08-05 06:35 am (UTC)no subject
Date: 2018-08-05 07:15 am (UTC)I'd vote Pirate against Republican in a two-party system for the same reason I'd vote R against D.