• 27 Posts
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Joined 3 years ago
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Cake day: June 15th, 2023

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  • To be fair, the kind of capitalism you’re talking about is/would be heavily regulated

    Any system ought to be. There’s no system that you can just let loose and have it self correct for itself, that’s a fairy-level of a delusion. People are very smart and will always figure out how to game a system.

    In other words, a non-intelligent system will always be conquered by an intelligent participant, always.

    Where capitalism extremists do delude themselves here is that “capitalism can be a sufficiently intelligent system” (the invisible hand) if it defers intelligence to game-theory level competition: because we all check ourselves we end up low-key giving intelligence to the system. Unfortunately this is just impossible to stabilize without unified borg-like society where everyone plays under this unified system but it also doesn’t mean there isn’t value of introducing some intelligence to the markets under intelligent supervision.