> Allocation of capital is a useful function; the problem is that the allocators are helping themselves to a far larger cut of the proceedings than the value they produce
Yeah, I find this (that financial actors are acting in a hostile manner) more tenable than the impression I took from your blog post, which was that the financial system itself was acting with intentionality.
> look at existing economic and social systems where disparate individual goals are coordinated into cooperative or conflicting action
I hope you can bring that perspective to the table; I've noticed that a lot of the public work is about preserving goals while modifying structure, while actually mediating between conflicting goals/values is a bit handwavey.
And yeah, I hope we're far away from human level AI, but we're talking about our uncertainty on conceptual distance to an undiscovered theoretical framework, here. It's not quite as bad as trying to guess when the Riemann Hypothesis will be resolved, but it has that quality.
Yeah, I find this (that financial actors are acting in a hostile manner) more tenable than the impression I took from your blog post, which was that the financial system itself was acting with intentionality.
> look at existing economic and social systems where disparate individual goals are coordinated into cooperative or conflicting action
I hope you can bring that perspective to the table; I've noticed that a lot of the public work is about preserving goals while modifying structure, while actually mediating between conflicting goals/values is a bit handwavey.
And yeah, I hope we're far away from human level AI, but we're talking about our uncertainty on conceptual distance to an undiscovered theoretical framework, here. It's not quite as bad as trying to guess when the Riemann Hypothesis will be resolved, but it has that quality.