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The next capitalist revolution

economist.com

41–50 of 65 posts

Re: The next capitalist revolution

#41

All of the sneering intellectuals are the ones buying the iPhones and ordering everything through Amazon Prime. How many high-minded Atlantic articles did you read on your iPad Pro today while waiting for your Tesla to charge? Lenin was right - the intellectual class is parasitic and must be eliminated for true progress.

The political class is parasitic and must be eliminated for true progress.

FTFY... and Lenin :)

Re: The next capitalist revolution

#43
post #38

What we need is a revolution in how people think about complex systems. People nowadays throw ideas around thinking they have a good understanding of how systems operate or should operate, when in fact most are clueless and fail to realize their ignorance. Society, economy, biological organisms, climate, cognition, etc are all complex systems, and no single person can claim to understand how they work, or the types o…

I agree that people generally should realize that their broad viewpoints on subjects that they are not familiar with are in a different category from those that they are very familiar with or those that are about specific situations. I disagree that the issue is just that these systems are too complex to understand on any level or that we can avoid having worldviews that encompass these subjects. I mean we can just a…

The problem isn't so much having opinions as expecting strangers to value them.

When you are just another commenter on the Internet, your opinion just doesn't matter that much. It can be hard to get used to that.

Instead of just sharing our outputs, we need to share inputs. What did you read or experience?

Re: The next capitalist revolution

#44

All of the sneering intellectuals are the ones buying the iPhones and ordering everything through Amazon Prime. How many high-minded Atlantic articles did you read on your iPad Pro today while waiting for your Tesla to charge? Lenin was right - the intellectual class is parasitic and must be eliminated for true progress.

You truly have no understanding of average everyday people and life if you think it's only some elite efete intellectuals that buy apple products and use Amazon prime. Leave your dehumanizing rhetoric at home, and try thinking outside the box of trite cliche stereotypes this comment shows.

Re: The next capitalist revolution

#45
post #38

What we need is a revolution in how people think about complex systems. People nowadays throw ideas around thinking they have a good understanding of how systems operate or should operate, when in fact most are clueless and fail to realize their ignorance. Society, economy, biological organisms, climate, cognition, etc are all complex systems, and no single person can claim to understand how they work, or the types o…

I agree that people generally should realize that their broad viewpoints on subjects that they are not familiar with are in a different category from those that they are very familiar with or those that are about specific situations. I disagree that the issue is just that these systems are too complex to understand on any level or that we can avoid having worldviews that encompass these subjects. I mean we can just a…

> I mean we can just acknowledge that we have different worldviews rather than everyone having to agree that things are too complex to understand

Sure, we all have world views. When it comes to predictive power however, some world views are superior to others. At the end of the day, and at the level of detail we're currently capable of understanding reality, all of our models are wrong, but some are useful, hence why we keep pushing the process of scientific method, even though it has its limitations.

By acknowledging that something is complex, we can recognize we are limited in our ability to understand it – at least for now – which in turn leads us to question our current views and seek to discover and adopt better models, with even more predictive power.

Re: The next capitalist revolution

#46

Earlier quoted context omitted.

Behemoths like Amazon are taking a flamethrower to complexity already. Want practically anything? Just click and the day after tomorrow it magically appears at your door. Google, Amazon, Apple...they are reducing our IQs by simplifying our lives to the point of stupefaction.

Have they? Go to Amazon and search, say, for "scissors". Which one would you buy?

The one with with most 5 star ratings!

Re: The next capitalist revolution

#47
post #25

This is one of those really tough areas where the problems are so significant and comprehensive that the approach people want to take immediately gets into their worldview and belief system. And no one readily changes their worldview, so its difficult to have productive discussions about such things. Nevertheless I will state my worldview and hopefully mention a few specifics that might be anchor points for an attemp…

>I think that Ethereum and related or similar technologies are moral causes because they allow us the possibility of upgrading core technologies used in society.

Hilarious. What a desperate attempt to pump ETH by some poor bagholder.

Ethereum doesn't exactly have the best track record of being a truly "decentralized" cryptocurrency, does it?

Re: The next capitalist revolution

#48

Earlier quoted context omitted.

Behemoths like Amazon are taking a flamethrower to complexity already. Want practically anything? Just click and the day after tomorrow it magically appears at your door. Google, Amazon, Apple...they are reducing our IQs by simplifying our lives to the point of stupefaction.

Have they? Go to Amazon and search, say, for "scissors". Which one would you buy?

The top result, tagged as Amazon's Choice, is the "AmazonBasics Multipurpose Scissors - 3-Pack" for $6.09. They look like everything I want in general-purpose scissors, there are tons of reviews from people who really like them, and the fact that there are three of them means that unless Amazon has just completely dropped the ball on this one I'll be set for a long time in the scissors department -- and if not, hey, I'm only out six bucks. Free two-day shipping with Prime.

I'm not seeing the problem here?

Re: The next capitalist revolution

#49
post #25

This is one of those really tough areas where the problems are so significant and comprehensive that the approach people want to take immediately gets into their worldview and belief system. And no one readily changes their worldview, so its difficult to have productive discussions about such things. Nevertheless I will state my worldview and hopefully mention a few specifics that might be anchor points for an attemp…

Shameless plug: I wrote a blog post a while ago using your premise to argue why decentralized technologies wouldn't be useful to society: https://www.notion.so/Yet-Another-Rant-About-Blockchains-ece...

Interesting take on decentralized technologies. It feels to me like attacking (or defending) decentralized technologies in general is a bit abstract though. Just taking Bitcoin for example, where would you see this concept of racing to the bottom and trading away your values (outside of the shortcomings of the technology itself). Since it's a platform for holding and trading assets, I don't think there is the competitive aspect that would drive any of those behaviors, but maybe your article is focused on competitive scenarios more than anything else.

But even when there is a notion of competition you say that to avoid the traps left around by an imperfect (perhaps unavoidably) system of incentives, coordination is necessary, questioning the need for a decentralized system in the first place. But is that really so bad/superfluous? What if the coordination necessary to make a decentralized system work led more easily to a desirable and elastic result than something crafted by hand. Again, maybe it's too abstract, but I picture a decentralized governance system where members would have to coordinate to achieve a proper equilibrium. For example the biggest hurdle to fighting lobbyism effectively isn't coordination from competing interests, it's the lack of resources. Wouldn't a decentralized system negate the power of money, networking, services, preferential treatment (and even blackmail) even if it still ended up causing/requiring coordination?

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