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by SuoDuanDao 1198 days ago
Do you have an alternative to suggest? Under most of human history the chosen elites inherited their positions from an ancestor who won an important war. Capitalism may not be an even playing field but the process that lets Elon Musk build landing Rockets is an order of magnitude more even than the process that let Kuresh build pyramids. Is there a model that might be more even still?
1 comments

nevermind
Ah, that's fair. I formulate a similar observation by saying that digital assets inhabit a post-scarcity economy which doesn't work the same as a resource-based scarcity one, and using the same money for both requires more suspension of disbelief than most of us are capable of.
Totally agree. The idea that ideas/bits can be owned is a slippery slope with bad policy at the bottom. Maybe it was once necessary as a sort of training wheels for innovation, but it has long since become more of a drag than it's worth.