timelets: (Default)
[personal profile] timelets
We 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."

Date: 2018-08-05 07:15 am (UTC)
lxe: (Default)
From: [personal profile] lxe
Smile or not, it's a shame we don't have a Pirate party here. We have Eric Raimond, the EFF, a constellation of technoanarchy activists, but that's it.
I'd vote Pirate against Republican in a two-party system for the same reason I'd vote R against D.

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