Failure of traditional economics

Traditional Economics Failed. Here’s a New Blueprint.

Why true self-interest is mutual interest

Many really good principles in this, and a couple of minor(ish) errors.

“We evolve today by ensuring that our definition of “our group” is wide enough to take advantage of diversity and narrow enough to be actionable.” – First major point of disagreement.

The wider “Our group” is – the better for everyone.

We have the tools to be actionable at all levels.

There is no need to narrow anything!

The key to making cooperation in large groups is have effective mechanisms of detecting and deterring cheating strategies.

Cheats can traditionally hide in large groups.

They can make changes that make them difficult to detect.

With high definition recording, high bandwidth communications, and large volume storage, it is becoming easier and easier to detect cheating strategies at any level, using decentralised and distributed trust networks.

We do now have technologies that allow us to stabilise cooperation at the level of all sapient individuals (human and non-human, biological and non-biological). One minor problem – doing so breaks our current economic system, because it puts the lives and liberties of every individual above markets and money.

Automation now gives us the tools to make all market values, all exchange values, redundant and worthless – which is why we see so many laws designed at so many different levels to slow or prevent the free transmission of information (IP laws).

About Ted Howard NZ

Seems like I might be a cancer survivor. Thinking about the systemic incentives within the world we find ourselves in, and how we might adjust them to provide an environment that supports everyone (no exceptions) - see www.tedhowardnz.com/money
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