Comment by swed420
1 day ago
Maybe it's time we adopt/design an economic system that isn't so easily co-opted by counterproductive prisoner's dilemmas.
1 day ago
Maybe it's time we adopt/design an economic system that isn't so easily co-opted by counterproductive prisoner's dilemmas.
Everyone says this but no one seems to have an answer as to what it'd be.
What would such an economic system look like?
This is actually pretty well-understood if people wanted to do it.. contrary to popular belief it's more about responsible governance than economics and not really a pro/anti capitalism thing
https://en.wikipedia.org/wiki/Elinor_Ostrom#%22Design_princi...
Go ahead and start from the small and grow it bigger: you could become a billionaire if you succeed.
Hahahaha....
What if the goal of an economic system was to support everyone instead of maximizing the upside for winners? Perhaps that's the sort of change necessary for improvement. Perhaps having billionaires is the failure state.
> goal of an economic system
A goal fails - who sets a goal? The keyword is system.
An economic system needs something like a Nash equilibrium where defectors are sufficiently discouraged (and cooperators are rewarded as you imply). https://en.wikipedia.org/wiki/Nash_equilibrium