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I think my favorite thing is when the idea of game theory was torn apart because it was largely developed by running behavioral experiments on economics undergraduate males and they were mostly sociopaths so the idea of the "perfectly rational" response to many situations is literally heartless and insanely anti-social win-lose games.

When they expanded the behavior economics experiments it all fell apart because when assholes are playing dominance games the other people will just take their chips and stop interacting with the sociopaths. The most profitable strategy in a normal community is focusing on win-win strategies not win-lose strategies.

Watching that be clearly explained was absolutely hilarious as a woman who went back to school late in life after wearing the caretaker role often. Like, yes obviously that was never a realistic model of successful behavior in society and that so many people thought it was is the main reason we're in this shitty situation now 🤣

Comte de Sats Germain 0mo ago 💬 1

Caretaker role? I think that's rational. Maybe wishful thinking in the current paradigm, but this ain't gonna last. One way or another, property rights will return - either enforced by mobs, or enforced by nature, and if nature, either enforced by market reassertion or by genocide of the unpropertied. Or all of that at once. But in the end, debt will be wiped out, people will live on land, and they will keep their surplus and easily afford the care of their children. So be happy. Genocide and our own deaths will help the world return to normal. Kinda joking, but not entirely, have fun sorting it out :p

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Discussion

Kip Ashlynn 0mo ago 💬 3

Makes me even sadder that I don't have property though 🤣

Scott ••• 0mo ago

Not owning property is so fiat.

Kip Ashlynn 0mo ago

Comte de Sats Germain 0mo ago 💬 3

Property = family.

Not property = genocide

These are economic maxims that belong on the same page as MR=MC

Kip Ashlynn 0mo ago 💬 1

Welp shit, dang. 😬 This is turning rapidly unfriendly. Some of us are the black sheep and shunned from family and also broke AF with no property.

I guess it must be nice for you to be drawing up lists that don't put yourself under "genocide". Good luck with that 👍

Comte de Sats Germain 0mo ago

What? No, I don't mean it like that... I mean the genocide that's happening right now. We're the victims. Its just being realistic about what this is.

Comte de Sats Germain 0mo ago

Kip? Kiiiiiiiiiiip! 😥

Sat Nakamoto 0mo ago 💬 1

I don’t know what this means. Expand?

Comte de Sats Germain 0mo ago 💬 2

MR is marginal revenue, and MC is marginal cost. It means that over time the cost of producing additional units will become the same as the cost of producing the units, either because opening additional lines of production requires debt that has to be serviced or because competition drives down the price until there's no more delta. Both at sane time, really.

The property part means that you get to keep the fruits of your labor unencumbered. If you don't, then you're someone else's MR=MC, their marginal unit. Over time, people selling their labor will keep less and less delta. That's why it results in genocide and should be on the sane page in the textbooks.

I was a pain in the ass for my professors, and that's possibly why I've never found employment in economics. The incentive structure favors sycophants.

Comte de Sats Germain 0mo ago

For some reason my autocorrect favors "sane" over "same" and I never catch it in time.

Sat Nakamoto 0mo ago

What is the antidote?

Comte de Sats Germain 0mo ago 💬 1

Bitcoin.

Or rather bitcoin's the easy option. To do it fully, be like the bitcoiners of past cycles : start a business.

One good property begets more good property. That's occulted biblical stuff... Sin leads to no property ; health spills from one bucket to another.

Sat Nakamoto 0mo ago

Feels too easy.