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I think the reality is that centralisation is often more efficient than decentralisation

it does seem like a failure of crypto on its own terms if it makes wealth more difficult to hold for individuals

wont web3.0 also protect private wealth?

that doesnt seem like the answer to me

and not merely exist, but also predominate

why do these closed platforms exist in the first place?

coming back to he existence of firms

but

I think you're right that it's a bottom up approach to redesigning the whole system, which is ironically bad from a software engineering POV (ie waterfall). I also think you're right that its motivated by a loss of faith in the current system, which is easy to understand. the problems with this...

the thing that I dislike most about economics is the extension of an engineering or technological approach to problems which exist within a completely different domain. like the idea that I can write a model or solve an equation which will give me the answer to a political or ethical question...

dont you find this sort of stuff falls under the rubric of solutions in search of a problem? is there anything in it which could not be fulfilled by the trad financial system?

never heard of him tbh. what's the gist? why are you thinking of reading it?

theres an amazing book by a Scottish sociologist, Donald Mackenzie, which looks at how modern financial markets come into being as collective, almost collectivist, enterprises, underpinned by financial theories which claim to describe them objectively but without which they wouldnt exist

Ferdinand braudel has a concept called "antimarkets" which taps into this apparent paradox of the subversion of the market economy at the heart of capitalism, somewhat

afaik mainstream econ and relevant sub fields like industrial organisation take the existence of firms as a given and address themselves to topics like their behaviour, strategies, etc, and the particular market structures these create, and arent that interested in the more naive ontological...

I think if you were trying to be neutral about it you'd say that the neo in neoliberalism describes a genealogical break - its the name given to an attempt to resurrect an ideology (classical liberalism) which had then fallen out of favour. but in practice when ppl use the term its not meant to...

that seems at least plausible. unfortunately the mainstream approach focuses almost entirely on their motivations rather than on more "ontological" questions about why they exist with a particular, non-market, structure.

an interesting question re DAOs is what are firms and why do they exist? from the POV of a certain sort of market fundamentalism, firms make no sense. they are massive islands of command economy which exist within the "free market". probably, they cover the majority of all activity within the...

what's the anti conspiracy take on epstein?

you should just assume that, realistically, you're being manipulated, bc if you're not it means the ppl involved dont care what you think, which is obviously not true