This article frames the divide quite brilliantly, and I say that as a strong partisan of the “rationally redesigned commons” Ostrom-influenced version of social media’s future that I think Nostr exemplifies. https://www.ineteconomics.org/perspectives/blog/ayn-rand-vs-elinor-ostrom-the-fight-for-the-future-of-social-media
Discussion
Excellent post. #news #socialmedia
The apt phrase quoted above is from the feed of Eric Weinstein, where I first saw this. https://twitter.com/ericrweinstein/status/1633952777390145536?s=46&t=t5wwAIOUDhtGlu9ZDwIYzw
Sure. Markets are chronically underrated, but they’re not the *only* institution that can work well. I just wish people would stop trying to expand the scope of democratic politics, a chronically overrated institution where the benefits are almost never worth the trade-offs.