The only way for libertarianism to work is if every human had only good intentions. Since that’s simply never going to happen libertarianism will never work. Just my opinion feel free to disagree.
Respectfully, I think the opposite. I think, for the most part, a free® market naturally benefits humans with good intentions and harms those with bad intentions.
For example, let’s say in a free market, somebody wanted to start a business with horrible working conditions, horrible salary, horrible everything. Now, if the economy is real bad then people might work there, but for the most part, that business is going to fail because people won’t work there, and would choose other jobs instead. So in this case, a free market actually incentivizes “good intentions”. The business owner will have to improve work conditions, salary, etc. so that people will work there instead of elsewhere.
And one of the important aspects of a free market is the ability to start a competing business. If there was a company with overall poor working conditions and salary, it would highly incentivize someone to start a new company with better conditions, because they could pull in all the workers from the other company.
And look, I’m not saying this is fool proof and works 100% of the time, and I’m not saying there shouldn’t be a healthy amount of regulation. But if you compare this to an economic system where businesses are run by the government, you can simply just be stuck with shitty work conditions and shitty salary, and not be able to do anything about it.
That’s fine to disagree. I used to believe this back when I took Econ classes in college, every Econ professor is a libertarian lmao. I just don’t think a free market would punish bad actors. Tons of people turn a blind eye to anything as long as costs are cheap
That only works when worker are less replaceable and desperate. Their are a lots of open job positions today but most pay less than the cost of living.
My concern is that “bad product” to the consumer is mostly a matter of price and quality; environmental impact, legality, and even employee safety rank much lower with the average person as far as choosing where to spend their money. Companies can and do operate for years on the suffering of the lower class in particular, often openly doing so, and still make oodles of money.
Yeah the main lesson I’ve taken away from the last decade of cryptocurrency instability, NFTs, and things like algorithmically generated judicial sentencing guidelines that perpetuated the existing racial biases while making them seem more legitimate because “the computer can’t be wrong” is that we should run our whole society with them.
Algocracy uses algorithms to inform societal decisions, while Blockchain is a transparent, decentralized ledger system. People often confuse cryptocurrencies with the underlying Blockchain technology, even though they serve different purposes.
Comparing the challenges of Algocracy to the volatility of cryptocurrencies is like assessing the potential of online commerce based on early internet connectivity issues.
Biases in Algocracy are the result of poor design. With meticulous design and continuous oversight, the potential of Algocracy can be fully realized.
The only way for libertarianism to work is if every human had only good intentions. Since that’s simply never going to happen libertarianism will never work. Just my opinion feel free to disagree.
Libertarianism also works if there is information about bad people and good people are free to avoid them.
Freedom of information and freedom of action.
It’s easier to avoid bad people in free markets than it is to prevent them from taking and abusing positions of power in a powerful state.
The problem is that it doesn’t work even if everyone has good intentions. It needs everyone to agree on what “good intentions” even means.
Also there’s the fact that nearly everybody’s idea of freedom is drastically different and some people’s freedoms infringe on others.
Respectfully, I think the opposite. I think, for the most part, a free® market naturally benefits humans with good intentions and harms those with bad intentions.
For example, let’s say in a free market, somebody wanted to start a business with horrible working conditions, horrible salary, horrible everything. Now, if the economy is real bad then people might work there, but for the most part, that business is going to fail because people won’t work there, and would choose other jobs instead. So in this case, a free market actually incentivizes “good intentions”. The business owner will have to improve work conditions, salary, etc. so that people will work there instead of elsewhere.
And one of the important aspects of a free market is the ability to start a competing business. If there was a company with overall poor working conditions and salary, it would highly incentivize someone to start a new company with better conditions, because they could pull in all the workers from the other company.
And look, I’m not saying this is fool proof and works 100% of the time, and I’m not saying there shouldn’t be a healthy amount of regulation. But if you compare this to an economic system where businesses are run by the government, you can simply just be stuck with shitty work conditions and shitty salary, and not be able to do anything about it.
That’s fine to disagree. I used to believe this back when I took Econ classes in college, every Econ professor is a libertarian lmao. I just don’t think a free market would punish bad actors. Tons of people turn a blind eye to anything as long as costs are cheap
That only works when worker are less replaceable and desperate. Their are a lots of open job positions today but most pay less than the cost of living.
My concern is that “bad product” to the consumer is mostly a matter of price and quality; environmental impact, legality, and even employee safety rank much lower with the average person as far as choosing where to spend their money. Companies can and do operate for years on the suffering of the lower class in particular, often openly doing so, and still make oodles of money.
That’s where operating it using Algocracy comes in.
https://en.m.wikipedia.org/wiki/Government_by_algorithm
https://www.citydao.io/
Yeah the main lesson I’ve taken away from the last decade of cryptocurrency instability, NFTs, and things like algorithmically generated judicial sentencing guidelines that perpetuated the existing racial biases while making them seem more legitimate because “the computer can’t be wrong” is that we should run our whole society with them.
Sure.
Algocracy uses algorithms to inform societal decisions, while Blockchain is a transparent, decentralized ledger system. People often confuse cryptocurrencies with the underlying Blockchain technology, even though they serve different purposes.
Comparing the challenges of Algocracy to the volatility of cryptocurrencies is like assessing the potential of online commerce based on early internet connectivity issues.
Biases in Algocracy are the result of poor design. With meticulous design and continuous oversight, the potential of Algocracy can be fully realized.
they tryna put the government on Web3.0 crying laughing emoji skull emoji
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