We can end the monopoly(equality) presumption of the economy. Historically we used barbarian > “slave” > serf > freeman > citizen > sovereign, as progressions of market independence (not power). We don’t think of these as different economies, but they were. We need 3+ economies.
Source date (UTC): 2020-01-15 13:46:16 UTC
Original post: https://twitter.com/i/web/status/1217442881671135234
Reply addressees: @Steve_Sailer
Replying to: https://twitter.com/i/web/status/1217437622341115904
IN REPLY TO:
Unknown author
@Steve_Sailer We (economists) know perfectly well why the socialist and communist systems don’t and can’t ever work: (a) incentives produce declines in production in exchange for increases in corruption free riding and rent. (b) economic calculation of investment is impossible. ( c) “Humans”.
Original post: https://x.com/i/web/status/1217437622341115904
IN REPLY TO:
@curtdoolittle
@Steve_Sailer We (economists) know perfectly well why the socialist and communist systems don’t and can’t ever work: (a) incentives produce declines in production in exchange for increases in corruption free riding and rent. (b) economic calculation of investment is impossible. ( c) “Humans”.
Original post: https://x.com/i/web/status/1217437622341115904
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