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by perl4ever
2923 days ago
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It seems to me that the government provides a "Schelling point"[1] that we can't do away with for many purposes, particularly trust. We can't just have many private regulators or certifiers, because then everyone has an equally difficult problem of determining which one to trust, and no benefit to doing so, since they are stuck with what the market decides. Trust requires information, (not data) and information is a public good. [1]https://en.wikipedia.org/wiki/Focal_point_(game_theory) |
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It's kinda hard to trust someone that's either sticking a gun to your head, or got to the position they did by having someone else do it for them.